William Ruto backs Africa’s borrowing from West, China

News
William Ruto, Chatham House
Deputy President William Ruto gives a key note speech at the Chatham House in London on February 8, 2019. PHOTO | REBECCA NDUKU | DPPS 

By AGGREY MUTAMBO
More by this Author

Deputy President William Ruto has called on African countries to continue accepting financial help from the West or China as long as it boosts infrastructure on the continent but doesn’t lead to re-colonisation.
In a lecture delivered at the UK’s Warwick University on Saturday, Dr Ruto said African leaders must now steer their people to the ideologies of their founding fathers who vouched for Pan-Africanism that neither aligned to the East nor West.
In the UK, where the Deputy President had scheduled a series of public speeches, he admitted that Africa’s six decades of independence have mostly been on paper only.
“While our lands are politically emancipated, our minds, imaginations and economies are yet to be completely decolonised,” he said in a lecture delivered on his behalf by Manoah Esipisu, Kenya’s High Commissioner to the UK. 
“Yet even after her political independence, Africa has been the stomping ground for economic and ideological control between the West and East.”
PAN-AFRICANISM
Mr Ruto spoke of Pan-Africanism, a clarion call initially made by former Ghanaian leader Kwame Nkrumah who had asked independent African leaders to “face forward.”
He spoke during the Africa Summit, a meeting of Africans and global partners meant to discuss ways of tackling challenges that have hindered the continent from progressing.
Yet, despite the end of colonialism more than 50 years ago, Mr Ruto admitted Africans are still facing the same type of problems as before independence, mostly because they are still controlled ideologically by former masters who advance “new forms of colonialism.”
And these, he said, include, unfair trade policies, xenophobia, rise of negative ethnicity and nationalism, high debt burden, corporate greed and erosion of values and principles of public service. 
CHINESE LOANS
“The emergence of China as an alternative to the false utopia advanced by unipolarity, has been an attractive allurement to many African nations, which view its role of supporting Africa’s infrastructural development as a welcome departure from the West’s approach of aid, paternalism and dependency.
“Yet, if the continent were to heed Nkrumah’s call, it must not fall for this Eastern economic mysticism either, but must instead, ground its relationship with either the East and the West on a pragmatic new Pan-Africanism.
The Chinese have recently been Africa’s rising creditors; advancing loans to build transportation and power transmission networks. 
Africa now owes at least Sh14.3 trillion, according to data from Chinese Commerce Ministry. 
‘SECRETIVE DEALINGS’
In Kenya, the Chinese are now the biggest sovereign creditor at about Sh580 billion although they have been interchanging with the World Bank on this scale.
Last year, Beijing made further pledges during the Forum on China-Africa Cooperation summit. 
It will be advancing another Sh5 trillion, with corporates advancing about Sh1 trillion for projects.
The Chinese say their money will come as credit lines, grants, interest-free loans and concessional loans as well as special funds. 
But critics say their dealing are often secretive and only disburse money if a Chinese contractor is involved.
Mr Ruto argued it would not benefit Africans if they resist financial help from China by using the yardstick of the West which he argued had been paternalistic and perpetuated dependency. 
But he said African leaders must be prepared to be pragmatic in order to benefit from relations on both sides without compromising their values.
One way of doing this is to learn as many languages as possible. 
He said multilingual Africans will be able interact and do business between themselves as well as being able to detect flawed relations with the outside world.​

Leave a Reply

Your email address will not be published. Required fields are marked *