Tanzania, Aug. 28 -- Dar es Salaam. Tanzanian businesses importing from China can now pay suppliers directly from their Tanzanian shilling accounts in Chinese yuan, eliminating the need to first convert funds into US dollars.

The payment solution was showcased at a Tanzania-China business forum hosted by Stanbic Bank Tanzania at Diamond Jubilee Hall in Dar es Salaam on Thursday, August 27, 2026.

The forum brought together Tanzanian traders, Chinese business representatives, government agencies and trade institutions to discuss opportunities for strengthening trade and investment between the two markets.

The direct shilling-to-yuan payment solution, launched on August 12, makes Stanbic the first bank in Tanzania to enable customers to p...