Paul Kagame Is Urging Africa Leaders To Ignore IMF Warning And Go Ahead To Implement Africa Free Trade Agreement

In May this year (2019), the International Monetary Fund (IMF) warned that African countries could face revenue shortfalls if the continent starts the implementation of the African Continental Free Trade Agreement (CFTA) as planned.

The IMF maintained that, although the agreement will boost trade on the continent, it will negatively affect earnings and employment opportunities in some sectors of the member countries’ economy.

In a quick rebuttal, President Paul Kagame has urged his colleague African leaders to stay focus in the implementation of the policy since that will be in the positive interest of the African continent and the African people.  

“It is important that Africa gives the necessary considerations to the views and opinions by external entities and ‘development partners’, it is also more important at the same time that Africa become aware of what we want for ourselves, pursue what is good for the continent, and defend what is necessary for our collective development.” He noted that a lot of considerations went into the African Continental Free Trade Agreement before it was agreed upon by member state.

Mr Kagame made these expressions on Friday at a tri-partite meeting attended by himself, President João Lourenço of Angola, and their DR Congo counterpart and host Felix-Antoine Tshisekedi on the side-lines of his father’s national mourning ceremony in DR Congo capital Kinshasa.

25 thoughts on “Paul Kagame Is Urging Africa Leaders To Ignore IMF Warning And Go Ahead To Implement Africa Free Trade Agreement

  1. I fully agree with president Kagame. AfCFTA will bring all the good for the African countries. ECA has estimated that intra-africa trade will increase by 52.5 % after implementing it and will double if NTB were eliminated. going ahead has no alternative option.

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  2. IMF works for the imperialists and Africans must never work with it . The duty of IMF in Africa is to make sure that African weath benefits the west and not Africa . Whenever IMF predict an economy growth of any African country , the population may as well start tightening their belts as that spells their doom . That growth is only based on what the west loots and not what citizens of that African country have .

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  3. Please go ahead!!! Africa will never be free of debt and that is what they want. They want us to continue slaving and being controlled by them. Let’s protect Kagame and the leaders that want what is best for Africa. We can do this. I am a Zambian who believes we can exist and support each other. They want to own us permanently. Change can be fearful but without it we will remain slaves. Its also time for the African currency and abolishing if borders. Then we will win!!! Otherwise we will forever remain slaves.

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  4. I concur with President Kagame, we can listen to the advice of our partners but ultimate decision on the way we want to run our continent is ours. We will overcome the shotterm revenue shortfalls but gain bigger in the long run. It’s not a sprint but marathon. Good forward thinking Mr. Kagame. Political federations, should be the next focus for Africa.

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  5. Absolutely! Sometimes l really wonder if these international organizations with hidden agendas think Africa will be blind to their actual intentions for ETERNITY. Don’t we all know the real reasons for which a lot of those international organizations continue to offer free “keep African under” advice to Africa? Not to worry! If they knew anything about the under current revolutions about to flood the continent, they will advice themselves and look elsewhere.

    FOR HOW LONG CAN THE CONTINENT CONTINUE TO FEED THEIR INDUSTRIES AND SERVE AS THEIR DUMPING GROUNDS AND MARKETS AT THE COST OF AFRICA’S VERY OWN ECONOMIC GROWTH? FOR HOW LONG CAN THEY SHAMELESSLY HOPE TO KEEP THE CONTINENT UNDER? ESPECIALLY AFTER THE UNFATHOMABLE AMOUNT OF FREE NATURAL AND MINERAL RESOURCES THEY TOOK FROM THE CONTINENT FOR CENTURIES TO FUND AND RAISE THEIR ECONOMIES?

    THE LIES, THE ABUSE OF THE CONTINENT AND IT’S OWNERS, THE DEHUMANISING SLAVERY IN BOTH AFRICA AND THEIR FOREIGN LANDS? THE VERY LANDS THAT RESOURCES FROM THE AFRICAN CONTINENT BUILT?

    JUST SO THEY KNOW HERE AND NOW!!! THERE IS A NEW EMERGENCE. A NEW AFRICAN DIFFERENT FROM THE ONES THEY CREATED THROUGH THEIR COLONIAL AFRICAN EDUCATIONAL SYSTEMS AND INSTITUTIONS THAT ONLY TRAINED AFRICANS TO SERVE THEIR FOREIGN PURPOSE, AGENDA AND ECONOMIES! THAT ERA IS DEAD!

    THERE IS A NEW WAVE! IT IS A REVOLUTION BY A NEW GENERATION OF AFRICANS WHO HAVE NO CONNECTION WHATSOEVER WITH THE UNBILICAL CORD OF ANY FOREIGN AGENDA ON THE AFRICAN SOIL. LISTEN THE NEW WIND BLOWING OVER THE CONTINENT! IT IS IN YOUR VERY OWN INTEREST TO SHUT UP AND KEEP THAT ADVICE TO YOURSELF.

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    • Very Good Comment indeed, Thank you A very Good African’s Leader H.E President Paul Kagame, Africans we have to struggle for our duture Independent Economy, Nothing can Make us Total Free Independent from Western Economies Unless we Grow our own Economy to an extent that we are free of this International Financial Institutions and Western Economies. Vive Our Africans leaders, Vive Africans Populations Vive Africa free of Colonial Economy.

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  6. Continuation of the imperialist agenda against Africa. When the west is busy implementing trade agreements did the IMF provide an opinion? Why Africa? Bravo president Kagame. Although I do not agree with some of your policies, I am with you on this one.
    If anything at all the IMF should come to the aid of Africa on unfair trade imbalances between the West and the continent, unfair pricing of commodities for example. Africa can not forever be a supplier of raw commodities for the West.

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  7. How long shall continue to be the puppet show for the West. Some of us have gained our Independence for over 50 years now. To be precise: Ghana 60yrs, Sierra Leone 58yrs. We have to reject unconstructive and directives that doesn’t yield equitable benefits. Africa should start trading with each other and give support to smaller members. I am supporting President Paul Kagame on this one 💯%.

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  8. Africa has no development partners. Just foreign powers, represented by organisations like the IMF, who want to continue their hundred years long plunder of the continent and keep its people in poverty

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  9. Just as NAFTA WAS A DISASTER FOR THE USA ECONOMY, CFTA WILL BE A DISASTER FOR AFRICA. AFRICA HAS BEEN PILFERED ENOUGH! THEY WILL UTTERLY DESTROY WHAT IS LEFT OF YOUR CONTINENTS WEALTH. TO ALLOW THEM TO COME TAKE PRODUCTS BENEFIT OTHER NATIONS AND NOT BRING WITH IT THE ABILITY TO BUILD THE WEALTH OF YOUR NATION IS THE SLAVE TRADE ALL OVER AGAIN.

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  10. greetings
    I would have expected the pr ed student to call for top African e economist and financial experts to discuss this and then bring the findings to the att ed nation of his colleagues. that would bring legitimacy to his suggestion. kind regards

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  11. We learn one from other african if it is free to move for example
    Ethiopians most of as are self employed and south Africans don’t
    When south Africans going to other african country they are not in their family home they must pay rent they must buy food they must buy all by their own so they must do the business for earning
    That is what teaches peoples
    In other way
    I became importer from grade 7
    All starts when I became refugee in south africa since 2002

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  12. It is a risk worth taking.. We just need to calculate the risk tighten our belts and go for it. Things are already bad anyway..

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  13. Greetings,
    It is the right thing the president has said. If you the IMF are always rating us and making our leaders look as if they are doing so well and we end up no where, then why not bite the bullets ourselves and face the outcome. In fact it is through adversity that we find our strengths. Let’s all support him and share his words to reach wide and near. This guy President Kagame reminds me of how great Dr. Kwame Nkrumah the late understood the dynamics you need economic independence to liberate yourselves from oppressors rule. He deserves all our full hearted support.
    Thank you

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  14. Dear fellow Africans,

    It is important to keep and eye on, and learn from the past. Let’s pay attention to the new looming giants. Imperialism will never die, and always humanity has been controlled by the empires. We must pool together to form blocks that can sit at the table and deal with powerful powers on equal footings. China and India are the the next imperial powers. They will not come and point their guns on our shores like the western powers did in the past. They will send economic hit men and women and provide us with cheap money to build our countries. Then get the best possible deals for their countries.
    They will turn a blind eye to western promoted political systems, democracy, and human rights that are on the positive rise in Africa. The police of the world is America at the moment but let’s think ahead of the police of the world being China or India, or a partnership of China and Russia for that matter. Would that be more positive for Africa than the west, or the IMF. Africa has to come together and form our own central bank.

    Liked by 1 person

  15. Afrika is on the move. Hope is in Tomorrow is in Afrika. The more we wait the more things are going to be stagnant. Yes, let’s try and learn from our mistakes as we implement the AfCFTA all the way.

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  16. I completely ageee with the president. Overall, will boost the economic growth of the continent and shortfall in some sectors will only be a minor in the economic growth and surely be for a short period of manage.

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  17. Africa leaders should stop listening to these organizations that are being fueled by the west, they use these organizations as tools to see that Africa doesn’t move forward so they can continue with their looting..

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  18. If the revenue shortfall is true then it will be a short term effect.but the long term gain are far much greater, soo much greater that they can render IMF,Wold bank, European and America’s sanctions toothless.

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  19. I will only agree with the president if they the presidens of African countries stop stealing the wealth of their countries and stocking them in foreign countries.
    I believe this their idealogy if not stopped will mitigate against all the idear.

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  20. This is certainly the way to go. But family, watch for the double agents and apologists for imperialism among us. No goal worth reaching is EVER going to be easy. There will be so e growing pains but this hurt a lot less than those from imperialism.

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  21. I love the speech by Kagame. However, we should know that he sees some opportunity in that agreement. DRC may be the loser after all

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  22. President Kagame is right, but I fear those thieves we have as leaders who are looking for a safe place to keep their loot.
    We could trade with each other, he needs people like Sankara, Nkruma right now.

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