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Video: Kenyan President, Ruto knocks IMF, World Bank, calls for new global finance system

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In this video, Kenyan President, William Ruto, during a session at the ongoing Paris climate summit, called for a new global financial architecture outside the present creditor system which according to him tilts in favour of lenders like the International Monetary Fund (IMF) and the World Bank.

“We need a financial consumption tax at a global level that countries like Kenya pay, we do not want anything for free, we will pay more eventually because we have a bigger economy. We want those resources controlled not by IMF and World Bank because IMF and World Bank have the final say…,” Ruto said.

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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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