Episode 1577 • • 1:02:39 - 1:05:30
1577: Gerontocracy
President Museveni on African Raw Material Exploitation
Ugandan President Yoweri Museveni criticized the neocolonial economic structure that confines Africa to exporting raw materials while developed nations capture the majority of the value. Museveni noted that while the global coffee business is worth $460 billion, producing countries receive only $25 billion, with Germany earning more from coffee processing than the entire African continent. He urged Russia and China to support "value addition at the source" to transform African economies.