Articles tagged devaluation

Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

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Nowadays, African countries are wooed because they are perceived as the spearheads of the world economy. The Economist, the English weekly newspaper, predicts that in the next five years, seven out of ten fastest growing economies in the world will be in Africa: Ethiopia (8.1 per cent), Mozambique (7.7 per cent), Tanzania (7.2 per cent), Congo (7.0 per cent), Ghana (7.0 per cent), Zambia (6.9 More >

Africa's Winds of Change

Africa’s Winds of Change Return

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DAKAR – How did Ivory Coast come to this? After gaining independence from France in 1960 with Felix Houphouet-Boigny as President, the country became the world’s largest exporter of cocoa beans and a significant exporter of coffee and palm oil. Throughout the 1960’s and 1970’s, sizeable export earnings, combined with easy access to credit, fueled an economic surge dubbed the “Ivorian miracle.” More >

Chinese investment in Africa

QUESTIONS ON THE FUTURE OF CHINA-AFRICA COOPERATION

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China’s burgeoning relationship with Africa is being decried in some quarters, including western observers – and some Africans, too – as a new form of colonialism. Such criticism is largely misplaced. First, after having preached the globalisation tenet of economic liberalisation and free competition, the West cannot really grumble about being outbid by China in the race for natural resources in More >

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Regulating China-Africa cooperation imbalances

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Oxford University China-Africa Network

The Oxford University China-Africa Network (OUCAN) with the support of the Economic & Social Research Council (ESRC) present

The Conference on “Chinese Investment and African Agency”

hosted by the Department of Politics and International Relations, University of Oxford 11-12 March 2011

Regulating China-Africa cooperation imbalances

By Sanou MBAYE 1

The More >

Cupula Brasil Comunidade Economica dos Estados da Africa Ocidental 2010

Stakeholders in the Côte d’Ivoire crisis

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What is at stake in Côte d’Ivoire ‘are the consequences of French on-going colonisation and ruthless exploitation in connivance with unscrupulous local leaders of swathes of west and central Africa’, writes Sanou Mbaye, in an analysis of the five parties affected by the country’s post-election crisis.

In 2002 Côte d’Ivoire was rocked by a rebel uprising that partitioned the country into two More >

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France-Africa leaders’ festivities : What to celebrate ?

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As the former French colonies of Africa head to Nice to celebrate the 25th France-Africa Summit at the end of May, Sanou Mbaye questions the enduring legacy they’re honouring. Following decades of political and economic tyranny forged by French politicians, the citizens of former colonies continue to absorb the impact of chaotic and ruinous policies left over from their imperial history. ‘As long More >

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Françafrique at 50

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DAKAR – This month, Africa’s Francophone countries will mark the 50th anniversary of their independence, and of the ties they maintain with France. But is there much to celebrate?

Even before French President Charles de Gaulle took office in 1958, he foresaw the wave of revolutionary nationalism that would soon sweep across Africa, Asia, Latin America, and the Middle East. As French president, he More >

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The African Union : A need to go back to the drawing board

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Background The yearning for regional cooperation and economic integration in Africa was born in the United States within the pan-African movement in the 19th Century and has been kept alive ever since among the masses, the elite and the members of the Diaspora. This hope is so compelling that all African leaders have felt obliged to put it heartedly or opportunistically on their political More >
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How best can the EU support the new AU Key Questions for Contact Person

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Background The yearning for regional cooperation and economic integration in Africa was born in the United States within the pan-African movement in the 19th Century and has been kept alive ever since among the masses, the elite and the members of the Diaspora. This hope is so compelling that all African leaders have felt obliged to put it heartedly or lukewarmly on their political agenda ever More >
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NEPAD : the wrong plan ?

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NEPAD, the last plan to kick-start Africa’s economic development adopted by the OAU in Lusaka (Zambia) on July, 11, 2001, is articulated around investment in the key sectors of infrastructure, agriculture, health and education. The plan is to be financed by the international community and through private capital flows, mainly from the multinationals. In choosing this way of financing their More >

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