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Africa has the means to pull through !

West African States

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

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

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

Africa’s Winds of Change Return

27 April 2011 par Sanou Mbaye

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 … [Read more...] about Africa’s Winds of Change Return

Regulating China-Africa cooperation imbalances

18 March 2011 par Sanou Mbaye

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

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

CHINA-AFRICA COOPERATION – THE STAKES

2 November 2010 par Webmaster

China-Africa Civil Society Dialogue : Development Challenges in Africa and the Chinese Development Experience Beijing, P.R. China, October 18th -19th , 2010 For most of the past five decades African countries were locked out of international capital markets. As a result, they have largely been spared the twin woes of the 2008 financial turmoil and subsequent world economic … [Read more...] about CHINA-AFRICA COOPERATION – THE STAKES

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

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)

West African expectations of Europe

26 January 2006 par Sanou Mbaye

Institute for peace support and conflict management (IFK) Africa-Workshop January 26th to 27th, 2006: Sorting Out the Mess: Wars, Conflicts and Conflict Management in West Africa To assess the expectations West Africa can look forward to from Europe, there is, first, the need to understand the root causes of the problems that have beset the populations and the … [Read more...] about West African expectations of Europe

How the French Plunder Africa

20 January 2004 par Sanou Mbaye

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

CFA Franc: a Colonial relic

1 May 2000 par Sanou Mbaye

The former sub-Saharan French colonies did not have to fight for their independence. De Gaulle, then President of France, granted it to them. These countries undertook immediately to dismantle the federal structure in which they were operating and erected trade barriers between them. Paradoxically, they kept the CFA as their common currency. They surrendered the management … [Read more...] about CFA Franc: a Colonial relic

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?

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

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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

Decolonizing the Franc Zone

21 April 2012

  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 … [Read more...] about Decolonizing the Franc Zone

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

CHINA – AFRICA : Matching China’s activities with Africa’s needs

22 April 2008

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 … [Read more...] about CHINA – AFRICA : Matching China’s activities with Africa’s needs

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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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