Debt Is the New Colonialism | President Ruto’s Bold Call at Africa Climate Summit

Debt has become the new colonialism.”

At the Africa Climate Summit in Addis Ababa, President William Ruto delivered a powerful message: the current global financial system punishes poor nations with crippling interest rates while rewarding the rich.

He called for urgent reform to break the vicious cycle of debt, dependency, and inequality and demanded a fair financial order that gives every nation the chance to thrive.