Why should someone print paper and hand them over to us(Africa) and require us to pay back, not with another paper but our resources? Kagame questions.

Paul Kagame, President of Republic of Rwanda and arguably the most loved President on the continent and beyond has lately been digging holes in Africa’s relationship with the outside world, especially the superpowers.

He comments on relevant issues, especially colonial arrangements deemed as setbacks for the continent and advocate for a change in narrative to help rebuild the continent.

Latest among his concerns is the terms and conditions attached to the printing of money outside Africa, a very exploitative practice which has been going on for years now.

The Commander in chief of The Rwandan armed forces could not fathom the arrangement that comes with it. He questioned that, “Why should someone print paper and hand them over to us(Africa) as money and let us payback, not with a paper which we also have a right to print?”

He further added that, Instead of the cash payments, we are required to pay these paper loans in values, resources and efforts. ” I have come to the realization that this is an act of modern slavery and colonization”…he stated.

What do you make of this concern? Do you agree with him? What is the way forward??

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