Africa Central Bank Will Help Africa Break Free From Unfair Global Finance System - Zambia President

In a powerful address delivered during the 37th African Union Summit, President Hakainde Hichilema of Zambia emerged as a fervent advocate for the swift establishment of critical financial institutions aimed at advancing Africa’s economic sovereignty and prosperity. With unwavering determination, President Hichilema underscored the urgent need for initiatives such as the African Monetary Fund (AMF), Africa Central Bank (ACB), Africa Investment Bank (AIB), and a Pan African Stock Exchange (PASE), recognizing them as essential pillars for reshaping Africa’s financial landscape. In a bold critique of the global financial architecture, President Hichilema highlighted the inherent biases and discriminatory practices that disproportionately affect African countries, often subjecting them to unjustly high credit risk ratings and hindering their development prospects. At the heart of President Hichilema’s impassioned plea was the call for Africa to assert its financial independence through the establishment of a sovereign reserve bank. He argued that such an institution would not only serve to mitigate the adverse effects of biased credit assessments but also provide a catalyst for the continent’s development by enabling strategic investments in key sectors. President Hichilema’s resolute stance resonated deeply among his fellow African leaders, igniting a fervent dialogue on the imperative of reclaiming Africa’s economic destiny and forging a future of prosperity and self-reliance. As the summit progressed, President Hichilema’s call to action reverberated throughout the assembly hall, galvanizing a unified commitment to accelerate the formation of these vital financial institutions and pave the way for a brighter future for Africa and its people. ▬▬▬▬▬▬▬▬▬ ✅SUPPORT US /AFFILIATE LINKS Use this affiliate link for your purchases at #MIZIZI International - Support our channel - PayPal: newafricachannel(at) Follow us on Instagram - Follow us on Twitter - Join us on Facebook - ▬▬▬▬▬▬▬▬▬ ✅COPYRIGHT DISCLAIMER The New Africa Channel doesn’t fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected. If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. “Fair use“ is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research. ✅ If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at) ▬▬▬▬▬▬▬▬▬ ✅COMMENTING POLICY Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban. ▬▬▬▬▬▬▬▬▬ #AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews