The Kenya-based CFC Stanbic Bank says it plans to introduce Chinese yuan trading into its branch in Juba.

This comes after its successful launch of the currency trading in Kenya.

According to the CFC Stanbic Chief Executive, Phillip Odera, the bank is experiencing a lot of demand for Chinese yuan from traders in South Sudan.

“South Sudanese business community who trade with China are forced to come to Kenya in order to access RMB,” Odera told reporters in Nairobi.

The availability of yuan is expected to help boost China-Africa trade by reducing transaction cost of converting between currencies.