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
Chad
France-Africa leaders’ festivities : What to celebrate ?
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
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
PROJECT PROPOSAL : CREATION OF THE AFRICAN DIASPORA INVESTMENT BANK (ADIB)
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)
CHINA – AFRICA : Matching China’s activities with Africa’s needs
The Heinrich Böll Foundation (HBF) Regional Office for East & Horn of Africa, Nairobi, and Fahamu Kenya brought together Chinese experts on Africa and representatives of African civil society organizations, providing a platform to exchange views and perceptions, and discuss areas of concerns to both sides, based on various country and thematic case studies. I. CHINA’S … [Read more...] about CHINA – AFRICA : Matching China’s activities with Africa’s needs
Africa ‘s Oil Rush
It takes a threat to oil supplies to get world leaders to pay attention to Africa . Usually neglected by globetrotting statesmen, the continent recently saw visits from US President George W. Bush, Chinese President Hu Jintao, Brazil 's Lula Da Silva, German Chancellor Gerhard Schroeder and many other world leaders. Their public comments were typically devoted to development, … [Read more...] about Africa ‘s Oil Rush
How the French Plunder Africa
France's unchallenged political, economic, and military domination of its former sub-Saharan African colonies is rooted in a currency, the CFA franc. Created in 1948 to help France control the destiny of its colonies, fourteen countries--Benin, Burkina-Faso, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Bissau … [Read more...] about How the French Plunder Africa
Why the CFA franc must go
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
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
