China’s yuan (CNY) is seeing increased adoption in Africa for trade, investment, and as a reserve currency. According to Sarah Baynton-Glen, a Standard Chartered economist, this trend will likely continue, especially following a commitment by BRICS nations to use local currencies more extensively. South Africa and Nigeria are touted as main candidates for issuing CNY-denominated debt. Swift payments in CNY to and from Africa also rose, growing nearly 15-fold since 2012.