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

Published

5 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: UN Chief Guterres wants more South-South cooperation

Published

1 week ago

September 10, 2024

Ifeoluwa Dada

In this video, the United Nations Secretary-General, Antonio Guterres, reacts in commemoration of the day for South-south cooperation in global relations.

He stressed that only through cooperation could developing countries, a category to which many African countries belong, secure multilateral support and realize shared prosperity.

The cooperation refers to an exchange of expertise between governments, organizations and individuals in developing nations. Through this model, the developing countries help and support each other with knowledge, technical assistance, and/or investments.

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Video: Nigeria’s Dangote boasts ‘environment is cleaner’ with his petrol

Published

2 weeks ago

September 3, 2024

Ifeoluwa Dada

In this video, Aliko Dangote, President of the Dangote Group and owner of a 650,000 barrels per day capacity refinery, presented the first sample of locally-produced petrol to the public after over two decades since local refining of crude products by government-owned refineries last happened, leaving the country with no option than importation of refined crude.

He explained why the first product sample from his refinery was clearer than the ones already in use.

“We Nigerians must celebrate right now that the environment will be cleaner, also people having issues with their health, especially in industries people having issues with their vehicles will now have the real product”

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