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Business Daily: China's Slowing Economy and Africa

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20/08/2015

China's Slowing Economy and Africa

BBC World Service - Business Daily, China's Slowing Economy and Africa

What the yuan's devaluation means for Africa; mobile banking; plus prosecco vs champagne.

What do China's slowing economy and the yuan's devaluation mean for economies in Africa, where the economic boom has been driven by Chinese capital and demand for commodities?

When China's economy sneezes, does Africa catch a cold? We speak to Dr Chris Kirubi, chairman of Kenya's Centum Investment Company, about how worried African businesses and governments are about the slowdown in China's economic growth. Also, Reuters columnist Jeremy Wagstaff wonders whether mobile telephony is as effective as is claimed when it comes to bringing banking services to the unbanked. And the BBC's Elizabeth Hotson reports on the competition between Italian prosecco wine and French champagne, and why prosecco sales have topped champagne sales in the UK.

(Picture: China's Foreign Minister Wang Yi, flanked by Senegal's Culture Minister Abdou Azize Mbaye, visits a construction site in Senegal. Credit: Seyllou/AFP/Getty Images)

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