African Nations Must Regulate Loans From World Bank, IMF, They Are ‘Debt Traps’ — Malema

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South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa.

Malema spoke on Sunday in Enugu as a keynote speaker during the opening ceremony of the Nigeria Bar Association (NBA) Annual General Meeting.

According to the outspoken South African, such loans, which he described as “a death trap,” can mortgage the future of the continent.

The President of South Africa’s Economic Freedom Fighters said the South African parliament is making a move to checkmate loans from these institutions.

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