Year | Entity | Activity |
1997 | Bank of China | Bank of China Zambia Branch was set up as the first Chinese financial institution in Africa |
2008 | ICBC | Bought a 20% stake in Standard Bank South Africa for $5.4 billion. |
2010 | Bank of China | Establishment of the Bank of China Johannesburg Branch. |
2011 | Central Bank of Nigeria | Announcement to convert 5% - 10% of its foreign exchange reserves from $ into RMB |
2012 | Central Banks of Nigeria and Tanzania | Bought 3-year dim sum bonds worth RMB 500 million, along with other 3-year bonds worth RMB 1.5 billion and 20-year bonds worth RMB 1 billion. |
2013 | Central Banks of South Africa and China | The agreement that enabled Standard Bank South Africa to invest about USD 1.5 billion in China’s inter-bank bond market. |
2014 | China and the Republic of Congo | The governments of China and the Republic of Congo establish the Sino-Congolese Ban for Africa as a joint venture. |
2015 | ICBC | Bought another 60% stake in Standard Bank South Africa. |
2015 | Central banks of South Africa and China | Signature of a 3-year bilateral swap agreement for the exchange of local currencies of up to RMB 30 billion. |
2015 | People’s Bank of China | Bank of China Johannesburg Branch appointed as the first RMB clearing house in Africa. |
2015 | China Commercial Bank | Launch of trail operations in Tanzania as the first Chinese owned private bank in Africa. |
2015 | People’s Bank of China | Bank of China Zambia Branch appointed as a second RMB clearing house in Africa |
2015 | ICBC and South African Reserve Bank | Signature of a bond corporation agreement which entrusted ICBC to issue bonds worth 10 billion ZAR, to finance the process of industrialization and infrastructure construction in South Africa. |
2015 | Central Bank of Zimbabwe | Announcement to approve RMB as legal currency for public domestic transactions. |
2016 | Bank of China | Acquisition of banking license from the Central Bank of Mauritius for setting up the Bank of China Mauritius Branch. |
By late March 2016 | ICBC | ICBC had loaned about $15.6 billion to 58 China-Africa cooperation programs in over 20 African countries. |
2016 | Central Banks of China and Morocco | The signing of a 3-year bilateral swap agreement for the exchange of local currencies of up to RMB 10 billion. |