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.’
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Did you know that many African countries continue to pay colonial tax to France since their independence till today?
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.
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 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. …
#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.
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. …
#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.
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.
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That is an outrageous situation. Time to make a change.
Leslie
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Amen to that Leslie! I totally agree with you!
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Time to take a stand on that.
Leslie
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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.
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It’s certainly worth fighting for.
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Como um pais tam miseravel pupricamente deixa um bando de amofadias tomaren conta dos seus comodis e riquesas e quando acabar vam faser oque
E desce geito que esse embecil do macrom quer faser com o nosso solo brasileiro esses franceses indiotas que venham aqui vai ser aco cambada de ratos bando de samgue sugas
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Eu conquisto
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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?
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For the Cousin th the US maybe of interest:
My articles on the USA: https://wipokuli.wordpress.com/2014/02/13/list-of-my-articles-on-the-usa/
All the best for the New Year 2018!
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hi can I use your material in a You tube …
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Absolutely, just put the credits: Dr. Y., Afrolegends.com
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Great post!
There´s a long struggle ahead!
„African Struggles in Perspective“: https://wipokuli.wordpress.com/2014/06/16/african-struggles-for-social-justice-freedom-and-democracy-in-perspective-reflected-in-a-series-of-articles/
All the best for the New Year 2018!
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Thanks for commenting Schluter. Happy New Year 2018, and keep up the great work!
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A shame to africans francophones who remain timide .
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Liberdade, igualdade e fraternidade, não é , França? Não será covardia, abominação e injustiça? Não poderá ser taxada do mesmo modo atitude dos países ditos civilizados mas tão tolerantes, benevolentes e igualmente injustos,abriabomináveis e covardes em seu inominável, absurdo complacente silêncio criminoso? Até quando, Senhor?
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Bem disse meu amigo… Ate quando? Quanto tempo e muito long?
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Where is the UN?
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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.
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This is the most outragious thingI have read in the year.
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Yes indeed!
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How long is this ridiculous agreement suppose to last? The whole world needs to know about this.
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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.
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A country in bondage. This needs to end.
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This France’s dictatorship is not seen to be coming to end until the entire continent stand up on a synchronized movement of strikes and demonstrations shows to the face of the World these economical crimes.
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Well said Abdoulaye! It needs to be synchronized, and unified movements!
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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..
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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.
AFRICA SHOULD STEP OUT OF FEAR AND FIGHT WHAT IS THEIRS. I HATE FRANCE WITH ALL MY SOUL
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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!
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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.
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As genocide places, you forgot Cameroon and Madagascar
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Hey, I think he said 500 billion Benjamins not Macrons, being propped up by Africa’s wealth.
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But it is differred in England colonised country like our NIGERIA.
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Taught about colonisation in Africa, no mention was made of this wanton extraction of wealth from financially deprived countries. West Africa contributed £25 million to the British War chest during WW1 and WW2. The painful thing is, while the war evacuees (in the UK) were attired in their Sunday best, most of the African children who donated to the £25m were dotted about the villages: with vines for belts, they trundled around the forests barefooted, searching for materials for their arts and crafts, the proceeds of which were sent to a country that can afford three square meals a day for her denizens.
Picture what Wikipedia says of Haiti regarding the injustice of slavery: ‘The external debt of Haiti is one of the main factors that has caused the country’s persistent poverty. After the slaves declared themselves free and the country independent in 1804, France, with the complicity of its allies, demanded that the newly formed country pay the French government and French slaveholders the modern equivalent of US$21 billion for the “theft” of the slaves’ own lives and the land that they had turned into profitable sugar and coffee-producing plantations.’ What a cheek!
Mention reparations for the brutality of slavery and their noses go out of joint. Let’s get this right: Africans taken into slavery were a free people AND NOT SLAVES when they were seized from their homelands and sent to foreign places. They were taken into slavery. So please, stop referring to them as slaves when talking about slavery.
Listen guys. Some impersonators might come here and post nasty things in my name. They are working for a group of people who abused my children (6 and 9 back then) 19 years ago. They track me wherever I go to discredit me. They even got the Council (Leeds City Council, West Yorkshire, UK) to evict me in 2014 despite paying my rent. Still can’t get legal representation to this very day. They have hacked into my bank, YouTube, Google, Facebook accounts.
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Happy new year!
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Happy new year AquaCompass7. My best wishes to you for the new year… lots of joy, success, abundance, and health.
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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.
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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?
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Optional? What on earth would a so called first world economy ask a so called third world economy for money? Africa, the richest continent has been reduced to beggars status. Would you, Peter, ask a beggar for money? This is worst than a pimp. I suppose France is a Pimper’s Paradise. Well, don’t they love to smoke, sometime shiftin’ coke and laugh when there ain’t no joke? Now you are joking when no-one is laughing. You should be ashamed of yourself for saying it.
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Economic slavery
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AM READING THIS AND AM LIKE HELLO
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Right????
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I heard about how predatory France was with it’s former colonies, but I didn’t realize it was this bad. It’s like a more educated sounding ransom list that just happened to get passed as a law. Good footnote about Haiti sicne that was easily an aftereffect of the Haitians daring to revolt against their colonizers with Toussaint L’Overture and his crew.
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Slms.
Thanks for this, I had no idea that the strangle hold was so tight. We must pray to Allah and be patient for a way out.
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Amen… yes we should, and the strangle hold will break!
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O império colonial francês continua na África. Um absurdo torna-se dos pobres para sustentar a opulência. Vergonha. Tem que acabar com isso.
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Quer dizer que a França, enriquecendo com o dinheiro dos Africanos, e o Brasil, (que aqui não falta nada), mandando milhões e mais milhões para o Haiti, deve ser piada
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Estou abismado com o potencial de safadesa
e canalhice do govrno francês que escravidão essas miseráveis colônias africanas. ONDE ESTÁ A ONU ?
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a ONU é parte do problema, porque ou não reage ou ajuda a França como na Costa do Marfim em 2011
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Somente depois da conscientização e união do povo africano se poderá vislumbrar respeito e liberdade deste povo sofrido.
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Os this true till now???
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of course it is!
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This is serious! We have to make ammendments. In which ever way we can, lets contribute our quota as individuals.
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Yes indeed… this has to be erased forever, and African countries freed from the colonial rope!
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Reblogged this on African Heritage and commented:
This is yet another favorite on the African Heritage blog. Please take a moment to reflect on this, particularly in view of the new West African money ECO which is trying to come to life. Now we applaud the idea of a common currency in West Africa, and in Africa as a whole… remember that this was Kwame N’Krumah’s dream
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et le “président” Macron tries to talk lies around “Amazon fires” !!!! he is a clown! False! He doesn´t win his own country! and people! and the yellows!
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Yes… right? Macron gives lessons to the world, yet in France he cannot deal with the yellow vest, and France’s international politics in Africa is total slavery!
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This is outrageous! What has France paid for occupation, slave trade and looting? What has France paid Africans for all their atrocities done on African during their occupation??
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Right… and when you think that Haiti had to pay $21 billion to France because they freed themselves from slavery… so the FCFA is certainly that sort of payment but applied to Africa, and a hundred times higher, because of all the wealth they get for free as well: uranium, diamonds, gold, etc.
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Oh mother Africa your children are still living in worse situations than slavery. No wonder the French intervention in Ivory Coast and several other countries in Africa has been a continuation of this slavery. Africa arise and break these shackles of death and destruction on our people
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Yes… ooo… Stanley, I join you in this cry to Africa: Arise and break these shackles of death and destruction
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This horrific system we the children Africa should stand up and put an end to this.there should a revolution by African youths in all there countries concern,to put an end .there are treating as slaves,we suffers while their children enjoy life in expense if our own children who die in the meditterian sea and are been moka upon.this had to stop and this will stp.
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AMEN. This has to stop!
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This is ridiculous. Africa let us rise. Until when?
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Isn’t it? It makes me want to sing Bob Marley “How long shall they kill our prophets while we stand aside and look?”
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The African Union is a let down. This is the biggest scandal on the continent and our leaders pretend that all is well. They are complicit in this matter. It is upto us to set things right by starting a movement to kick France out of Africa
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Yes Mwiya, I totally agree with you. Unfortunately, most of our leaders are puppets of the west, that’s why they act as if it is nothing, or some are afraid given that those who spoke against it in the past were killed (Sylvanus Olympio, …).
You should listen to Dr. Arikana Chihombori-Quao who used to be the AU’s ambassador to the United States, and all her efforts to shed light on the topic.
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No white country will kill our leaders again, we’ll will leave mark of war on that country.
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Name of Author please and sources would be appreciated
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It is stated in the article: Mawuna R. Koutonin
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The time is now…
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Yes Agnetha… the time is NOW!
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When would Africa stand against this injustice. One thing I know for sure is that we Africans must divice a way to bet out of this French jork, and the only way to do so is by Force.
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Very good question Mukee…
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I have decided to fight any white man country that is keeping my people in poorverty, enough is enough with france and other european, asian countries, no permission, we should bring up African currency to end all these mental slavery, enough is enough, we should come up with one african passport and have one embassy, they most apply before they come in period.
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SAD! These are neo-colonial tactics that need to stop. Africans worldwide along with global supporters must apply pressure to France to give complete independence to these 14 countries.
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Yes Regina… you are so right! We, Africans, need to have this stop… and break the chains of monetary slavery
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Acknowledgement of the inflicted wrongs, repent, ask for forgiveness, restitutions and amends, new life – new relationships and reconciliation begin afresh and life goes on.
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AMEN. You said it all Andrew!
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All 14 nations need render the Pact as void and break away from France. they may not realize it but they do have the power to dissolve the Pact. But they must be united in the effort. Have a backbone and do what needs to be done.
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Thanks Ron. Unity is everything. These countries probably do not know about their own power, or the fact that if they unite, these pacts could be rendered void. Your suggestion reminds me so much of the years leading up to the creation of the defunct Organization of the African Unity, and how Nkrumah of Ghana was fought by other Africans such as Boigny of Ivory Coast or Senghor of Senegal who did not want the united organization and who in fact (like Boigny) did not even want independence. Just to say that “United is the way to go”, there will be quite a few (as always) elements against, but it needs to be done.
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