Posted by: Dr. Y. | May 1, 2017

The 11 Components of the French Colonial Tax in Africa

Carte des pays de la zone CFA

Carte des pays de la zone CFA

African countries continue to pay colonial tax to France 50 years after their independence. This system is an abomination destined to keep African countries poor forever! Here are some excerpts from the article by Mawuna R. Koutonin. For the full article, go to France Colonial Tax , and do not forget to check out the article I wrote a while back on the Franc CFA: slave currency! Also, please read the book by Pr. Nicolas Agbohou on the subject:  ‘Le Franc CFA et l’Euro contre l’Afrique.’


Did you know that many African countries continue to pay colonial tax to France since their independence till today?


Sekou Toure, Cover Time Magazine, Feb. 16, 1959

Sékou Touré of Guinea decided in 1958 to get out of french colonial empire, and opted for the country’s independence, the french colonial elite in Paris got so furious, and in a historic act of fury the french administration in Guinea destroyed everything in the country which represented what they called the benefits from french colonization. …

Slowly fear spread through the African elite, and none after the Guinea events ever found the courage to follow the example of Sékou Touré, whose slogan was “We prefer freedom in poverty to opulence in slavery.”

[…] In March 2008, former French President Jacques Chirac said: Without Africa, France will slide down into the rank of a third [world] power.

Chirac’s predecessor François Mitterand already prophesied in 1957 that:  “Without Africa, France will have no history in the 21st century”

At this very moment I’m writing this article, 14 african countries are obliged by France, trough a colonial pact, to put 85% of their foreign reserve into France central bank under French minister of Finance control. Until now, [2017], Togo and about 13 other african countries still have to pay colonial debt to France. African leaders who refuse are killed or victim of a coup. Those who obey are supported and rewarded by France with lavish lifestyle while their people endure extreme poverty, and desperation.

capitalism2It’s such an evil system even denounced by the European Union, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa to its treasury year in year out.

[…] Below are the 11 main components of the Colonisation continuation pact since 1950s:

#1.  Colonial Debt for the benefits of France colonization

The newly “independent” countries  should pay for the infrastructure built by France in the country during colonization. …

500 Fcfa_BEAO

1000 Fcfa_BEAO

#2. Automatic confiscation of national reserves

The African countries should deposit their national monetary reserves into France Central bank.

France has been holding the national reserves of fourteen African countries since 1961: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon.

“The monetary policy governing such a diverse aggregation of countries is … operated by the French Treasury, without reference to the central fiscal authorities of any of the WAEMU or the CEMAC. Under the terms of the agreement which set up these banks and the CFA the Central Bank of each African country is obliged to keep at least 65% of its foreign exchange reserves in an “operations account” held at the French Treasury, as well as another 20% to cover financial liabilities.

The CFA central banks also impose a cap on credit extended to each member country equivalent to 20% of that country’s public revenue in the preceding year. Even though the BEAC and the BCEAO have an overdraft facility with the French Treasury, the drawdowns on those overdraft facilities are subject to the consent of the French Treasury. The final say is that of the French Treasury which has invested the foreign reserves of the African countries in its own name on the Paris Bourse.

In short, more than 80% of the foreign reserves of these African countries are deposited in the “operations accounts” controlled by the French Treasury. …” Wrote Dr. Gary K. Busch.

10,000FCFA (BEAC-1992)

10,000FCFA (BEAC-1992)

It’s now estimated that France is holding close to $500 billions African countries money in its treasury, and would do anything to fight anyone who want to shed a light on this dark side of the old empire. 

The African countries don’t have access to that money. 

France allows them to access only 15% of the money in any given year. If they need more than that, they have to borrow the extra money from their own 65% from the French Treasury at commercial rates.

To make things more tragic, France impose a cap on the amount of money the countries could borrow from the reserve. The cap is fixed at 20% of their public revenue in the preceding year. If the countries need to borrow more than 20% of their own money, France has a veto.

#3.  Right of first refusal on any raw or natural resource discovered in the country

France has the first right to buy any natural resources found in the land of its ex-colonies. It’s only after France would say, “I’m not interested”, that the African countries are allowed to seek other partners.

#4. Priority to French interests and companies in public procurement and public biding

In the award of government contracts, French companies must be considered first, and only after that these countries could look elsewhere. It doesn’t matter if the african countries can obtain better value for money elsewhere. …

As a consequence, in many of the french ex-colonies, all the majors economical assets of the countries are in the hand of french expatriates. …


French military bases in Africa (Source: Olivier Berger,

#5. Exclusive right to supply military equipment and Train the country military officers

Through a sophisticated scheme of scholarships, grants, and “Defense Agreements” attached to the Colonial Pact, the Africans should send their senior military officers for training in France or French ran-training facilities. …

… France has trained hundreds, even thousands of traitors and nourish them. They are dormant when they are not needed, and activated when needed for a coup or any other purpose!

#6. Right for France to pre-deploy troops and  intervene military in the country to defend its interests

Under something called “Defense Agreements” attached to the Colonial Pact, France had the legal right to intervene militarily in the African countries, and also to station troops permanently in bases and military facilities in those countries, run entirely by the French….

#7. Obligation to make French the official language of the country and the language for education

Oui, Monsieur. Vous devez parlez français, la langue de Molière! …



#8. Obligation to use France colonial money FCFA

That’s the real milk cow for France, but it’s such an evil system even denounced by the European Union, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa to its treasury.

#9.  Obligation to send France annual balance and reserve report.

Without the report, no money. …

#10. Renunciation to enter into military alliance with any other country unless authorized by France

… In the case France ex-colonies, France forbid them to seek other military alliance except the one it offered them.

#11. Obligation to ally with France in situation of war or global crisis

Over one million africans soldiers fought for the defeat of nazism and fascism during the second world war.

Their contribution is often ignored or minimized, but when you think that it took only 6 weeks for Germany to defeat France in 1940, France knows that Africans could be useful for fighting for la “Grandeur de la France” in the future.

Map of Haiti

Map of Haiti

There is something almost psychopathic in the relation of France with Africa.

France is severely addicted to looting and exploitation of Africa  since the time of slavery. …

It’s up to us as African to free ourselves, without asking for permission, …

For historical comparison, France made Haiti to pay the modern equivalent of $21 billion from 1804 till 1947 (almost one century and half) for the losses caused to french slave traders by the abolition of slavery and the liberation of the Haitian slaves.


  1. […] via The 11 Components of the French Colonial Tax in Africa — African Heritage […]


  2. That is an outrageous situation. Time to make a change.


    • Amen to that Leslie! I totally agree with you!

      Liked by 1 person

      • Time to take a stand on that.


      • Absolutely Leslie. That is why I support the work of Pr. Nicolas Agbohou, who has done an outstanding work denouncing the FCFA, and mobilizing people around Africa.

        Liked by 1 person

      • It’s certainly worth fighting for.


  3. […] […]

    Liked by 1 person

  4. Hello. I am your distant cousin here in the US. Ive been doing some reading lately on this situation. This is eye opening. I was led to this website after looking up a simple statement from Jaque Chirac (I heard quoted by a female German/Angolan activist) about France would be a 3rd world country without Africa. I have a question: Are the people in this comment thread actually citizens of either of the 14 nations that are being extorted by France?


  5. hi can I use your material in a You tube …


    • Absolutely, just put the credits: Dr. Y.,


  6. Great post!
    There´s a long struggle ahead!
    „African Struggles in Perspective“:
    All the best for the New Year 2018!


    • Thanks for commenting Schluter. Happy New Year 2018, and keep up the great work!


  7. A shame to africans francophones who remain timide .


  8. Where is the UN?

    Liked by 1 person

  9. Africa problem is African leaders, if we say no to
    France they will not kill us, they make us to believe that they are helping us but they are actually stealing and exploiting our resources. We will never forgive them.


  10. This is the most outragious thingI have read in the year.


  11. […] This article originally apeared in AfroLegends […]


  12. How long is this ridiculous agreement suppose to last? The whole world needs to know about this.


    • Very good point KK. I am not sure. I think it lasts until the African governments all together rebel against it. Unfortunately, the populations are against it, but the governments which are usually puppets of France remain silence, as they follow the orders of France. So the populations languish with such a horrible deal signed by traitors who do not do the population’s will.


      • A country in bondage. This needs to end.


  13. […] The 11 Components of the French Colonial Tax in Africa […]

    Liked by 1 person

  14. WELL, France is a snake country, that with the help of UK and USA maintains colonial power of Africa – Pre Obama stood by DID ABSOLUTELY nothing to help Africa – fucking sellout..


  15. […] Breakdown Of How France Extort The 14 African Nations […]


  16. they have killed more than 60 of our leaders who opposed them. France is evil. and I urge us Africans to fight with our blood. it’s a bloody battle but that’s preferable than the sufferings we encounter every day (poor medical facilities, poor roads, lack of adequate electricity, dirty and poor water supply, poor infastructures ,etc). 500 billion dollars from Africa every year is not small money.


    Liked by 1 person

    • Yes Ayaba, 500 billion dollars every year is what is needed for Africa to get back on track… instead it goes into the pockets of France which has no need to work. The sweat and blood of our people has sustained France and Europe for too long. We need to also feed ourselves!


  17. France is the worst country in the EU. There are 7 genocide in the history of France. In Vendee, Syria, Haiti, Algeria, Vietnam, Morocco and Rwanda. It was not enough, France brought Africans into the EU and put them in the cages like animals. There were many shameful human zoo’s in France. But shameful human zoo;s all over the EU. France is a shameful country.


    • As genocide places, you forgot Cameroon and Madagascar


  18. […] führen. Zeit, sich mit dem kleinen Nick Sarkozy zu beschäftigen! Vor allem, wenn man weiß, dass Frankreichs Regime noch immer sehr gut von seinen afrikanischen Kolonien lebt. Seit deren ‚Unabhängigkeit‘ in den 60ern sind das so an die € 500 Mrd. per Jahr, […]


  19. But it is differred in England colonised country like our NIGERIA.


  20. Happy new year!


    • Happy new year AquaCompass7. My best wishes to you for the new year… lots of joy, success, abundance, and health.


  21. […] you’re at it, ask her if she knows right now, that as we read, 14 African countries, including Togo are obliged to put 85% of their foreign reserve in a French central bank under the French Minister […]


  22. but this is not true. the system is optional. and includes two countries who opted in that WEREN’T ever french colonies. This is FAKE news.


    • Seriously Peter? It is optional? How come Olympio was assassinated for wanting to leave the FCFA? Where is Modibo Keita? and what about Gbagbo? Is he not at the Hague for wanting to print his own money?


  23. […] Source: […]


  24. Economic slavery


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