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Africa has the means to pull through !

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Africa borrows on the open market

5 June 2015 par Sanou Mbaye

The decades when the continent couldn’t raise major funds on ordinary commercial markets are over, but there are still worries about over-indebtedness. by Sanou Mbaye The nations of sub-Saharan Africa, in the post-independence euphoria of the 1960s, wanted to end the international division of labour under which they exported raw materials and imported manufactured goods. … [Read more...] about Africa borrows on the open market

This illustration is by Paul Lachine

Africa’s French Roadblock

23 May 2013 par Sanou Mbaye

In recent years, China and Africa have formed one of the modern era’s most successful economic and trade partnerships. China benefits from Africa’s oil, minerals, and markets, while Africa benefits from increased trade and investment in infrastructure, health, education, small-scale businesses, and low and medium technologies. Some Western observers – and some Africans – … [Read more...] about Africa’s French Roadblock

Decolonizing the Franc Zone

21 April 2012 par Sanou Mbaye

  DAKAR – France is wrestling with a burden of debts and public deficits that led Standard & Poor’s recently to downgrade its credit rating. Even as the risk of recession looms, the country has been forced to implement a drastic austerity program. But France’s woes are also being felt far beyond its borders, sparking rumors of a possible devaluation of the CFA … [Read more...] about Decolonizing the Franc Zone

Can Senegal Succeed ?

26 August 2011 par Sanou Mbaye

  DAKAR – Senegal’s people are deeply disenchanted. In 2000, they enthusiastically went to the polls to elect Abdoulaye Wade as their president. Wade had campaigned as an agent of change, but change never came to Senegal throughout his decade in power. Now the only change he wants to make is to the constitution, so that he can retain his hold on … [Read more...] about Can Senegal Succeed ?

Africa’s Diaspora to the Rescue

27 January 2010 par Sanou Mbaye

DAKAR – There is something dismally familiar about the tide of news reports concerning Africa’s increased suffering – more poverty, malnutrition, civil strife, and death – in the face of the recent global financial crisis. Almost everywhere, the media translates academic conclusions into graphic illustrations of brutality and despair in places such as Guinea and the Democratic … [Read more...] about Africa’s Diaspora to the Rescue

Should Africa Follow the EU Model ?

20 September 2003 par Sanou Mbaye

The African Union, which replaced the Organization for African Unity (OAU) in 2002, is trying to reproduce the European Union's institutions and ways of acting. But copying the EU blueprint means that nothing has been learned from the past and that nothing is being done to avoid the pitfalls Europe has endured. The biggest flaw in the EU model has been its reliance on a … [Read more...] about Should Africa Follow the EU Model ?

CAPITALISM IN CRISIS

20 January 1994 par Sanou Mbaye

Marxist economics made the withering away of the state its ultimate goal. However, it is the unabated liberalisation of the world economy, which is translating the old socialist dream into a disquieting reality. It needed the combination of three ingredients to make this twist of history possible. First, there was Nixon's decision in 1972-73 to end the dollar-gold link, which … [Read more...] about CAPITALISM IN CRISIS

Why the CFA franc must go

27 December 1993 par Sanou Mbaye

Sanou MBaye suggests that the price of maintaining links with France is too high FOURTEEN OF THE former West African French colonies use the CFA franc, whose exchange rate is pegged to the French franc, as a common currency. The CFA franc was created, in its initial form, in the 19th century to help France shape and control the economies of her colonies. The scheme was quite … [Read more...] about Why the CFA franc must go

Sanou MBaye suggests that the price of maintaining links with France is too high

9 December 1993 par Sanou Mbaye

FOURTEEN OF THE former West African French colonies use the CFA franc, whose exchange rate is pegged to the French franc, as a common currency. The CFA franc was created, in its initial form, in the 19th century to help France shape and control the economies of her colonies. The scheme was quite useful to France, which it helped to resist the tremors of the economic crises of … [Read more...] about Sanou MBaye suggests that the price of maintaining links with France is too high

Senegal: Contrasting achievements in political and economic changes

14 December 1992 par Sanou Mbaye

FROM THE LATE seventies to the present, Senegal has been going through a major political and economic change designed to generate economic growth and development. An appraisal of the results generated by these changes would show a picture of contrasting achievements. On the political front, the agreement between the government and two opposition parties to form a coalition … [Read more...] about Senegal: Contrasting achievements in political and economic changes

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Podcasts (Audio and Video)

CHINA’S GROWN ENGAGEMENT IN AFRICA WITH SANOU MBAYE

19 November 2010

Africa Business News, Fri, 19 Nov 2010 A new book published this week examines China's grown engagement in Africa from the perspective of both African and Chinese civil society. ABN’s London … [Read more...] about CHINA’S GROWN ENGAGEMENT IN AFRICA WITH SANOU MBAYE

Africa’s Linguistic Divide: French vs. English

5 June 2010

Another of our Wednesday rendezvous with Africa... We will be looking at how former British colonies have fared in comparison to their francophone counterparts. Part of our tribute to 50 years of … [Read more...] about Africa’s Linguistic Divide: French vs. English

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Economy

Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

8 August 2014

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 … [Read more...] about Liberating Africans from the CFA “franc” trap

Senegal’s Day Of Reckoning : It’s The Economy Stupid !

10 February 2012

The Senegalese people are extremely disillusioned. In 2000, they enthusiastically went to the polls to elect Abdoulaye Wade as their president. Wade had campaigned as an agent of change, but change … [Read more...] about Senegal’s Day Of Reckoning : It’s The Economy Stupid !

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Conferences

Africa : Economic growth and sustainability

18 May 2011

Humboldt University Economic Forum Berlin, 11 May 2011 I. INTRODUCTION After four decades of sluggish economic activities, improved macroeconomic conditions, better business climate, political … [Read more...] about Africa : Economic growth and sustainability

Regulating China-Africa cooperation imbalances

18 March 2011

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 … [Read more...] about Regulating China-Africa cooperation imbalances

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Books

Chinese and African Perspectives on China in Africa

18 November 2010

This new book in the Pambazuka Press 'China and Africa' series explores China's deepening engagement in Africa from the rarely heeded perspectives of African and Chinese civil society … [Read more...] about Chinese and African Perspectives on China in Africa

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