Governor Emefiele of the CBN and Governor Yi of the People’s Bank of China signed the currency swap agreement between both countries. (AFP)

Africa's largest economy has moved to boost trade with China. Nigeria, China have announced they will conduct a currency swap amounting to nearly $2.4 billion, making trade between the two countries less reliant on the US dollar.

A Chinese shoe-seller, watches as a customer inspects his wares, at a shoe shop in Kampala, Uganda, (AP)

This month saw hundreds of Ugandan shop owners march in Kampala against Chinese traders. Local merchants and some city officials want foreigners barred from petty commerce. The government has promised to address the long standing tensions./p>

A man counts Egyptian currency at an exchange office in Cairo. (AP/Amr Nabil)

Egypt on Thursday took the unprecedented step of floating its currency and later hiked fuel prices, meeting key demands by the International Monetary Fund under a $12 billion loan agreement to overhaul the ailing economy of the most populous Arab state.

Japan's Prime Minister Shinzo Abe inspects a military honor guard in Nairobi, Kenya, where he's visiting as part of an international development conferenc. August 26, 2016. (Photo/AP)

African heads of state and VIPs from around the world have converged in this Kenyan capital for the sixth Tokyo International Conference on African Development, expected to foster a host of new trade and investment deals.

  • Video
  • Latest News
  • Spotlight
  • Opinion
  • Telling the African Story: Komla Dumor.
  • Africa Straight Up - Official Film.
  • Ethiopian Ancient Architecture and its History.
  • Aliens Visit to Ethiopia Sacred Places.
  • My Love & Pride - The Other Side of Africa.