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Ruto demands fair loan terms for Africa from EU

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President William Ruto during his address to the European Union Parliament, Strasbourg, France.[PCS]

President William Ruto has called on the European Union (EU) to review its loan terms for African countries, saying they are unfair and hinder development.

Speaking at the European Parliament on Tuesday, November 23, Ruto said the high-interest rates and premiums demanded by private investors were creating a "vicious cycle of debt" for Africa.

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