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Video: Uganda’s Museveni urges African leaders to verify true motives behind IMF, W’Bank loans

Published

7 months ago

May 2, 2024

In this video, Ugandan President, Yoweri Museveni, urged African leaders to verify the true intentions of multilateral lending institutions towards the continent. He asked African leaders to “audit the intentions of the World Bank loans to ensure that they are for prosperity rather than profiteering”. He added: “What loans are we getting as Africa? Is the World Bank giving us loans for private sector-led growth or to be more dependent?”

“Our populations are increasing, but our economies are stunted. The International Development Association (IDA) should tell us why they are funding the modern slavery of Africans, and we should address issues like why Africa is producing what it does not consume and consuming what it does not produce”, the Ugandan leader stated.

Uganda under Museveni is known to have been in the bad books of multilateral bodies, the most recent being the fallout of his decision to accent to strong anti-LGBTQ laws which resulted in sanctions from both the World Bank, IMF and other international bodies.

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Video: ‘Neglect of Africa is a danger to the world’— Nigeria’s Tinubu at G20

Published

3 days ago

November 20, 2024

Ifeoluwa Dada

Nigerian President, Bola Tinubu, endorsed the call for a global alliance against hunger in his address at the opening of the 19th Summit of G20 leaders in Rio de Janeiro, Brazil.

Tinubu described the alliance, which was championed by the Brazilian president as pivotal to ending the global food crisis, while emphasizing how Africa is worst by poverty and hunger in the world.

“The neglect of Africa is a danger to the world,” Tinubu stressed while calling for global collaborative action against the problems of the continent.

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Video: Kenya’s Ruto targets inflation rate below 3%

Published

4 weeks ago

October 24, 2024

Ifeoluwa Dada

In this video, Kenyan President, William Ruto, stressed the economic goals of his government and charged the public to believe in the economic reforms of his administration.

Ruto also emphasized that the international community and multilateral bodies had applauded his policy direction, and urged Kenyans to join the train.

“You do have my commitment that we will be disciplined as a public sector… it my target that by next year inflation will be sub 3%”, Ruto said.

Earlier in the month, the Central Bank of Kenya slashed the benchmark rate to 12.0%, 75.0 bps down. The Central Bank’s prescribed target band for headline inflation is 2.5% – 7.5%, 5.0% being the mid-point · The last time Kenya registered <3.0% headline inflation was May 2007

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