By Antoine Roger Lokongo, Pambazuka News. Francophone Africans from 14 countries deposit 65 percent of their hard currencies yearly into the French Treasury, without French nationality or access to the public goods and services available to French taxpayers. Close to 1,500 billion CFA (Communauté Financière d’Afrique common currency) francs generated from the surplus of West African states’ foreign reserves are placed on the foreign stock markets and out of the reach of the Africans who own the money. In addition the French force money payments, like an Ivory Coast compensation for the recent war.
By Richard Dowden, African Arguments | Haiti Chery. “The model for Somalia is Switzerland…. Somalia’s nomadic tradition makes it a self-sufficient, individualistic society bound by complicated codes of loyalty and rivalry…. Strong centralised states are the legacy of colonial rulers and unsurprisingly the inheritor governments have kept it that way.” – Richard Dowden.
Tweet UPI via Terra Daily Editorial Comment. Finally there is a move afoot to reconsider the water agreements between Nile countries. The previous agreements for sharing the Nile waters had been unfair and involved the U.K. bullying upstream countries for … Continue reading