The World Bank and the IMF (the International Monetary Fund) were set up during the end of the Second World War to rebuild the economies of Europe. However, in order for the world bank and the IMF to implement their policies, they (the world bank and the IMF) began offering loans to poor countries but only if the poor countries privatized their economies and allowed western corporations free
18 comments
Not long ago, many of us (Africans back home) only saw Chinese people in "Kung fu" martial arts movies. We learned about China through characters like Bruce Lee and Jackie Chan. It may surprise you to know however that, over a million Chinese investors have permanently settled in Africa today with their families.
They (the Chinese investors) are coming with their families not because they love
Every great empire has longed for ownership of Africa for the same basic reasons. Africa is the most profitable corner of the world. In other words, no empire can grow, prosper and sustain itself without some “Africa”.
Africa’s unimaginable treasures, minerals, and raw materials are the “backbone” on which empires grow and flourish. And talking about treasures, minerals, and raw materials, it
Whether good or bad, Africa is my home and there is no place like home. I love Africa because there is no place like Africa. Even in my second life (if I get the opportunity), I will choose Africa because I love Africa and there is no doubt Africa loves me. Some people don't understand. Some people think they know but they do not know. Some people think they know all about Africa but the truth is
Burkina Faso, Burundi, Sierra Leone, Ethiopia, Senegal, Benin, Chad, Niger, South Sudan, Liberia, Mozambique, Central African Republic, Ivory Coast, Somalia, etc. all have literacy rates below 50%. In other words, less than half the population in these countries can read and write.
Take Somalia for example. Somalia has a literacy rate of 37.8% for the total population with the female literacy
In the new scramble for Africa, the Kremlin definitely don't want to be left out. In fact, Russia has quickly become a huge power broker in Africa and the consequences are already showing especially in countries already struggling with violence and corruption.
Russian mercenaries (the Wagner group) in the Central African Republic are facing multiple allegations of war crimes including torture
