Renminbi’s place in global central-bank reserve coffers has actually fallen since 2022, despite Beijing shoveling its currency into developing economies through central-bank swap lines.
—
Liz Hoffman,
semafor.com,
7 Oct. 2026
Kenya’s President William Ruto and his counterparts from Uganda, Ethiopia, Togo, Benin and Nigeria’s former President Olusegun Obasanjo led a ground breaking ceremony at the site, shoveling soil to show that work on the refinery has started.
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