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Video: Fuel subsidy favours the rich over the poor— IMF chief, Salassie



In this video, the Director of the African Department for international lender, IMF, Abebe Aembro Salassie, while responding to a question from a Kenyan journalist, stated that the body considered fuel subsidy a “regressive use of government spending.”

The IMF chief argued that subsidy regimes in the continent favoured the richer segment of society over the poorer segment.

The removal of fuel subsidies is a contentious economic topic in many African countries.

Watch the video below:

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Video: ‘History will judge you harshly’, South Africa’s far-left opposition accuses ruling ANC



In his speech in reaction to the parliamentary coalition which brought President Cyril Ramphosa back as president, Julius Sello Malema, who  is the leader of the populist Economic Freedom Fighters (EFF), explained that his party’s disagreement with working with the ruling ANC is aimed at contesting “the betrayal of South Africans”

Out of the 400 seats in the recently elected National Assembly, 246 are held by the ANC and DA, sufficient for the formation of a coalition government.

“We contested because we wanted to demonstrate to South Africa that we did not agree with the marriage of convenience to consolidate the white monopoly power to dominate the economy and the means of production in South Africa. This marriage seeks to undermine the changing of property relations in South Africa. We refused to sell out, we had never done so when we were young and we are not going to do so today.

“We are going to ensure that this parliament is functional, we can reassure you that we will not fight with any bouncer, we are going to be the best opposition that is going to ensure that both you and the DA (Democratic Alliance) are healed accountable. This is not a government of national unity, this is a great partnership between the ANC and the white monopolistic party.

“History will judge you and judge you harshly!”

Watch video below:

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Video: ‘Need for climate action is unprecedented’; but what’s Africa’s case on the matter?



In this video, the United Nations Secretary-General, Antonio Guiteras, in a special address on climate action titled, “A Moment of Truth”, stressed that ” the need for climate action is unprecedented, but so is the opportunity – not just to deliver on climate, but on economic prosperity & sustainable development”.



With climate issues, it is widely believed that Africa is bearing the brunt of a crisis that it contributed little to. Africa has produced 4% of global greenhouse gas emissions, which is much less than that of nations like China and the US. Nonetheless, among the countries most susceptible to the effects of climate change are those in Africa. Global warming caused by humans is expected to make Africa’s already volatile weather even more so.

Eastern and Southern Africa have both witnessed unprecedented drought in recent years. Across Ethiopia, Kenya, Somalia, and the autonomous region of Somaliland, 10.7 million people are facing severe hunger.

The Climate Hazards Centre researchers also recently found that February 2024 was the driest in the 40-year data record for an area spanning much of Zambia, Zimbabwe, southeastern Angola, and northern Botswana. Meanwhile, Western and Central Africa like Nigeria, Cameroon, and Chad have had their share in the form of incessant rainfall, turning to floods.

Nevertheless, opinions are divided on global positions on climate change with Western advocates campaigning against the continual use of fossil fuel and leading discussion for transition into green energy. On their part, some pan-African observers have argued that Africa— the home and source of a significant amount of global crude— cannot afford the transition as many of its biggest economies like Nigeria, Angola, and Libya depend on oil revenue for national sustainability, arguing that the industrialization of many Western economies came about through “burning energy.”


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