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Africa has the means to pull through !

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Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

8 August 2014 par Sanou Mbaye

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

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

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

10 February 2012 par Sanou Mbaye

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 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 power. Wade turned out to be … [Read more...] about Senegal’s Day Of Reckoning : It’s The Economy Stupid !

Stakeholders in the Côte d’Ivoire crisis

30 January 2011 par Sanou Mbaye

In 2002 Côte d’Ivoire was rocked by a rebel uprising that partitioned the country into two parts, with the government led by President Laurent Gbagbo controlling the south, the rebels the north and the French army camping between the two. As a member of the Security Council, France managed to give this intervention the stamp of international approval under a UN mandate. In … [Read more...] about Stakeholders in the Côte d’Ivoire crisis

CURRENCY WAR CLOUDS OVER AFRICA

25 November 2010 par Sanou Mbaye

As a result of chronically deficient demand in the aftermath of the 2008-2009 financial and economic crises, global imbalances are on the rise again, as is the risk of protectionism. The US accuses China of undervaluing its currency to support its industry.  The situation could lead to an “international currency war”.   What does this herald for African countries? If history … [Read more...] about CURRENCY WAR CLOUDS OVER AFRICA

Currency war : the stakes for Africa

15 November 2010 par Sanou Mbaye

A weaker exchange rate makes a country’s exports cheaper, potentially boosting a key source of growth for economies battling to find growth, as they emerge from the 2008-2009 credit crunch and economic crisis suffering from chronically deficient demand. Global imbalances are on the rise again, as is the risk of protectionism. Western countries are battling to keep their … [Read more...] about Currency war : the stakes for Africa

France-Africa leaders’ festivities : What to celebrate ?

29 May 2010 par Sanou Mbaye

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 … [Read more...] about France-Africa leaders’ festivities : What to celebrate ?

Françafrique at 50

21 May 2010 par Sanou Mbaye

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. … [Read more...] about Françafrique at 50

Leveraging Africa’s Diaspora remittances

16 February 2010 par Sanou Mbaye

There is something familiar about the tide of news about sub-Saharan Africa’s increased economic hardship in the face of the worst world financial crisis and economic downturn for decades. The tide flows through exactly the same conclusions of the UN and other multilateral Institutions, academics, NGOs and Civil Society experts on Africa’s issues. They stretched to include … [Read more...] about Leveraging Africa’s Diaspora remittances

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

PROJECT PROPOSAL : CREATION OF THE AFRICAN DIASPORA INVESTMENT BANK (ADIB)

5 January 2010 par Sanou Mbaye

The promoter of the African Diaspora Investment Bank (ADIB) is the London-based Senegalese banker Sanou Mbaye, a former member of the senior management team of the African Development Bank, and the author of “L’Afrique au secours de l’Afrique” (Africa to the Rescue of Africa). African migrant remittances to their country of origin is such an important source of finance that … [Read more...] about PROJECT PROPOSAL : CREATION OF THE AFRICAN DIASPORA INVESTMENT BANK (ADIB)

Franc Zone must go

5 January 2001 par Sanou Mbaye

The Heads of African States, some of whom would not hesitate to shun an OAU meeting but would rush to meet the French President at the bi-annual gathering, display everlasting dependence whose foundations are made up of a scar and a web. Nothing illustrates better the incapacity of Francophone African leaders to break away from the former coloniser than the declaration, in … [Read more...] about Franc Zone must go

Globalisation: at best, a mixed blessing for Africa

11 February 2000 par Sanou Mbaye

Perhaps Africa is fortunate that it has, to a large degree, been excluded from the new globalisation paradigm. It might be a blessing in disguise for the continent when one considers the origin, meaning and anticipated fate of globalisation. For the driving force of this new orthodoxy is the unfettered liberalisation of the world economy. And, for this to flourish, three … [Read more...] about Globalisation: at best, a mixed blessing for Africa

Sub-Saharan Africa on the Sidelines, A false economic dawn?

14 June 1997 par Sanou Mbaye

After the collapse of the Mobutu regime Zaire, now renamed the Democratic Republic of Congo, has been left stripped of resources, in spite of the mineral wealth being eyed covetously by foreign investors. Elsewhere, the International Monetary Fund's figures point to a significant improvement in sub-Saharan Africa. However, imposing structural adjustment, privatisation and … [Read more...] about Sub-Saharan Africa on the Sidelines, A false economic dawn?

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

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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

Africa borrows on the open market

5 June 2015

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 … [Read more...] about Africa borrows on the open market

This illustration is by Paul Lachine

Africa’s French Roadblock

23 May 2013

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 … [Read more...] about Africa’s French Roadblock

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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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