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Radio France Internationale

World

Melissa Chemam

African campaigners demand reform of 'unjust' global financial system

Africa AfDB William Ruto Nairobi RFI

Delegates at the African Development Bank's annual meeting in Nairobi, Kenya, on 29 May, 2024. AFP - SIMON MAINA

Africa is being crippled by costly loans and unfair interest rates, campaigners in Nairobi warned at a key summit this week as they demanded a rebalance of global financing.

"Africa is at a very crucial moment of its development," said Desire Assogbavi, of the ONE campaign, a global NGO dedicated to fighting poverty and inequality.

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