Ecobank Group entered a Memorandum of Understanding with the Cross-Border Interbank Payment System (CIPS). This agreement aims to improve Renminbi (RMB) payment services between China and Africa.
The agreement supports Ecobank's strategy to facilitate trade and investment. It connects Chinese businesses and financial institutions with Ecobank's network across 34 African countries.
The collaboration aims to streamline and expedite cross-border RMB transactions. This supports the continued growth of China-Africa trade. China-Africa trade reached approximately $348 billion in 2025.
The signing ceremony occurred during an official visit to China by a Republic of Togo delegation. This highlights the partnership's strategic significance for Africa.