Is France Trying to (re) Colonize Africa?

500 Fcfa_BEAO
1000 FCFA (West African CFA)

On the eve of Christmas last year, the Côte d’Ivoire President, Alassane Ouattara, and the French president Emmanuel Macron announced the “end” of the FCFA and the introduction of a new currency, the ECO, to replace the treacherous FCFA currency. Many have applauded the announcement, but to me, it looks more like a coup perpetrated by France on African countries to colonize even the countries it never colonized, … simply by using currency.

The FCFA is a colonial tax imposed by France on its former colonies which amounts to at least 500 billion Euros every year in the coffers of France without having to raise a finger, as African countries which are part of this FCFA zone deposit 50-60 % (at one point it was 85 %) of their foreign reserves into France central bank.

A few things were already fishy with the Ouattara-Macron announcement:

ECOWAS_members
ECOWAS Member States

1. Only FCFA countries in West Africa (BeninBurkina FasoGuinea-BissauCote d’IvoireMaliNigerSenegal and Togo) will have their currency changed to the ECO, while the FCFA countries in Central Africa (CameroonCentral African RepublicChadRepublic of the CongoEquatorial Guinea and Gabon) will continue to have the FCFA as a currency and to send out 60 % of their reserves to France. Why is it only West Africa moving on to the ECO? Isn’t the FCFA used by 15 countries in West Africa, Central Africa, and the Comoros? Why is the break only for West Africa then? Sounds like a divide-and-conquer tactic!

2. Also, France says the new currency’s value will be pegged to the Euro, similar to the way the FCFA‘s value was pegged to the French Franc, and now to the Euro. The ECO will remain fixed to the Euro, though the required deposits from these nations into French coffers are now eliminated (how true is this?) and France will no longer hold a seat on the UEMOA-linked West African central bank; it will instead send its puppets like Ouattara.

FCFA_Franc_map
FCFA Map

Why do I call this a coup? The ECO is the currency that the  Economic Community of West African States (ECOWAS), 15 members of the West African union, had been working on for years, to be rolled on the entire territory of their union to facilitate exchanges between countries. Thus the name ECO stems from ECOWAS. The 15 member states of the ECOWAS are Benin, Burkina Faso, Cape Verde, Ivory Coast, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. Out of these 15 countries, 6 are not part of France’s pré-carré, and thus do not use the FCFA: NigeriaGhana, Gambia, Cape Verde, Liberia, and Sierra Leone. As you can see, Africa’s second biggest economy, Nigeria with its Naira is part of the ECOWAS, as well as Ghana with its Ghanaian cedi. This is also the reason why only the West African Franc zone countries will move to the ECO while the Central African Franc zone will not: because France is simply stealing the ECOWAS idea! Given the protests in recent years asking for France to step away from the FCFA and to leave African countries alone, France had no real choice but to act as if they had taken into considerations the requests. Now, France is trying to stage a coup on stable economies such as Nigeria and Ghana which have been fighting so hard to re-create President Kwame Nkrumah‘s dream of a common currency in the region and in Africa as a whole.

ECOWAS_Flag
ECOWAS Flag

In essence, France is simply hijacking the idea of the ECO. More importantly and this is cause for serious action, France is trying to colonize some of Africa’s biggest economies simply by using the currency! This is extremely deceitful, and we pray that NigeriaGhana, Gambia, Cape Verde, Liberia, and Sierra Leone, will not fall for this. France is simply trying to harvest where it never sowed (as always), with the help of its puppet, Ouattara!

As a last note, it is about time that we, Africans, those who are still in the FCFA zone, those from whom France collects 500 billions Euros every year, it is high time to awaken, and to break the chains of slavery. Thomas Sankara said in his 1984 speech at the UN, “the slave who is not capable of assuming his rebellion does not deserve that we feel sorry for him. This slave will respond only to his misfortune if he is deluding himself about the suspect condescension of a master who claims to free him. Only struggle liberates …!AFRICA MUST UNITE and FREE ITSELF!!!

To learn more, read my articles The 11 Components of the French Colonial Tax in AfricaFCFA: France’s Colonial Tax on AfricaAfrica is funding Europe!, and also read this article on Africa Report.

The 11 Components of the French Colonial Tax in Africa

10,000FCFA (BEAC-1992)
An old 10,000 FCFA from Central Africa

This is yet another favorite on the African Heritage blog.

Please take a moment to reflect on this colonial tax African countries have been made to pay for the past 70+ years, particularly in view of the new West African money ECO which is trying to come to life. We applaud the idea of a common currency in West Africa, and in Africa as a whole… remember that this was Kwame Nkrumah‘s dream and the forefathers of the African Union, but when we hear France’s puppet Alassane Ouattara of Côted’Ivoire say  that the ECO will be just another name for the FCFA, we can only scream against it, or rather against France’s scheming yet again to impoverish African countries. What France is doing to African countries, by getting over 500 billion dollars every year for free (Africa is funding Europe!), is the same thing that Nazi Germany did to France with their currency at the time of World War II: the FCFA was inspired from it. Yet… after pillaging Africa yearly and raping her daily, they do not seem to hold their economy down, dealing with unemployment, and the Yellow Vests! Free money is always like that: because you did not work for it, it always seems to run out quickly! It’s about time they think of a partnership… but then it is France, so that will probably never happen!

African Heritage

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.’

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

sekou-toure-time-cover-021959-600 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…

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