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Video: President Ruto wants only local currencies for intra-African trade

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In this video, Kenyan President, William Ruto, during a recent address at the Djibouti parliament, emphasised the need for African countries to embrace use of local currencies in intra-continental trade.

Ruto said, “From Djibouti selling to Kenya or traders from Kenya selling to Djibouti, we have to look for US dollars,” questioning “How is US dollars part of the trade between Djibouti and Kenya? Why?”

 

Ruto clarified that his position was not against the US dollar, as purchases made from the United States could still be settled in US dollars, while trade within Africa are conducted using local currencies.

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Video: Nigeria’s Dosunmu-Ogunbi becomes 1st-black female to bag PhD in Robotics at University of Michigan

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In this video, an inspiring Oluwami Dosunmu-Ogunbi, who is of Nigerian descent, speaks at the university’s College of Engineering convocation as she becomes the First Black Woman to bag a PhD in Robotics at the University of Michigan in the United States

Dosumu-Ogunbi, who is a daughter of Nigerian immigrants, expressed her desire to be recognized as the inaugural African American female recipient of a Robotics PhD from the University of Michigan. Furthermore, she aspires to leverage her technical expertise to enhance the well-being of people.

“I do not stand here on my own two feet alone. None of us got here by our merit alone, whether it be teacher, friends, family, mentors, or role models, we each have one or multiple people to whom we are grateful for making this moment possible,” She said.

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

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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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