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EP 10 The Predictable Debt Crisis in Africa I African News Review 🌍
Manage episode 437605733 series 3552367
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In this conversation, Adesoji Iginla and Milton Allimadi discussed various topics related to African news. They started by discussing the use of fallen heroes for campaigning in the US and the hypocrisy of former President Donald Trump.
They then moved on to analyse an article from the Financial Times about middle power competition in Africa, highlighting the importance of industrialisation for African countries. The conversation also covers the recent coup in Gabon and the involvement of France in African politics.
They conclude by discussing Denmark's new African strategy and the ongoing struggle for African independence. The conversation explores the debt crisis in Africa and its catastrophic implications. It highlights the predictable nature of the crisis, as African countries continue to borrow without addressing the root cause of their inability to repay.
The discussion emphasised the need for African countries to focus on industrialisation and self-sufficiency rather than relying on foreign aid and loans. It also touches on the role of Western countries and financial institutions in perpetuating Africa's dependency and the lack of respect shown towards the continent.
They also called for African leaders to unite and negotiate better terms for debt repayment.
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