Stanbic Launches Direct China Payment System for Kenyan Businesses

31 July 2026

From left: Liu Jia, Deputy Chief Representative Officer, ICBC Africa; Florence Wanja, Head of Business and Commercial Banking, East Africa, Stanbic Bank; Guo Haiyan, Ambassador of the People’s Republic of China to Kenya; Jonathan Muga, Head of Corporate and Investment Banking, Stanbic Bank Kenya; and Mo Yongnian, Chief Financial Officer, China Road and Bridge Corporation Kenya, pose for a photograph during Stanbic Bank Kenya’s Economic Outlook and RMB Business Ecosystem China Day celebration.

Kenyan businesses trading with China will now be able to make payments directly in Chinese currency following the launch of a new cross-border payment solution by Stanbic Bank Kenya. The bank has begun processing Renminbi transactions through China’s Cross-Border Interbank...

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