Business Africa
China has dropped its national currency’s reference rate against the US dollar by nearly 10%, in a bit to boost its exports. The Central Bank aims to determine the real value of the Yuan on the world market, in order to take into account its supply and demand on the foreign exchange market.
![Global aircraft parts shortage grounds African airlines [Business Africa]](https://images.euronews.com/articles/stories/09/60/55/34/320x180_cmsv2_2c48d2fc-7517-58c3-aaa1-2a6ee853cd72-9605534.jpg)
![Africa's economy to expand in 2026 despite risks [Business Africa]](https://images.euronews.com/articles/stories/09/59/18/91/320x180_cmsv2_a090e29c-4edc-5b24-a887-6dea31e3ec4e-9591891.jpg)
01:09
Ukrainians protest against Russian participation in navy drills in South Africa
01:09
Chinese foreign minister begins annual Africa tour with Ethiopia visit
00:44
Chinese and Iranian warships arrive in South Africa for BRICS naval exercises
Go to video
South Africa to host first China-led BRICS joint navy exercises
01:49
Cape Town rental boom pushes low-income residents Into illegal housing
01:11
Democratic Republic of Congo resumes cobalt exports after 10-month ban