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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 access to their raw materials and markets. That was a poverty trap and many poor countries realized it...
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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 Africa as a home but because they know there is money and more money to be made in Africa. The Chinese...
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A recent research report released by a group of UK and Africa-based NGOs suggests that, while western countries send about $30bn in development aid to Africa each year, more than six times that amount leaves the continent, "mainly to the same countries providing the aid". In other words, western countries hide under the banner of "aid" to loot Africa.
Almost all the foreign aid Africa receives each and every year, end up in private bank accounts in foreign lands. In Africa, foreign aid fuels...
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France is Africa’s never-ending nightmare. The pain and destruction France has caused Africa is quite untold. To the French elites of yesterday and today, Africa as a continent was and is nothing but an “uncivilized” colony and that, it dawns on France to “civilize” Africa.
As French president Emmanuel Macron recently made clear, to France, Africa has a “civilizational problem” and France cannot abandon Africa. In fact, France has been on a “civilizing” mission in Africa since the mid 1800s....
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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 may surprise you to know that, there is no richer country on earth than the Democratic Republic of...
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