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SCANDAL: According To A German Newspaper, Africa Pays 400 Billion Euros Per Year to France!!

This economic slavery is important for the development of the French economy. Whenever this traffic is likely to fail, France is ready for anything to reconquer it. If a leader of the CFA zone no longer meets the requirements of France, Paris is blocking its foreign exchange reserves and more, France closes the banks in this country considered “rebel”. This was the case of Côte d’Ivoire with Laurent Gbagbo.

A German newspaper accuses France of looting 440 billion euros each year to Africans through the CFA Franc.

“The French government collects from its former colonies each year 440 billion euros of taxes. France relies on the revenues coming from Africa, not to sink into economic insignificance, warns the former president Jacques Chirac.

In the 1950s and 60s, France decided the French colonies of Africa to become independent. Although the Paris government accepted formal declarations of independence, it called on African countries to sign a so-called “pact for the continuation of colonization.” They agreed to introduce the French colonial currency FCFA (“Franc for the French colonies in Africa”), to maintain the French schools and military system, and to establish French as an official language.
The CFA franc is the denomination of the common currency of 14 African countries members of the Franc zone. This currency, which constitutes a brake on the emergence of these countries, was created in 1945, when France ratified the Bretton Woods agreements and proceeded to implement its first declaration of parity to the International Monetary Fund (IMF) . This was called “Franc of the French Colonies of Africa”.

Under this law, 14 African countries are still obliged to store about 85 per cent of their foreign exchange reserves at the Banque de France in Paris. They are under the direct control of the French Treasury. The countries concerned do not have access to this part of their reserves. As the 15 per cent of reserves are insufficient for their needs, they must borrow additional funds from the French Treasury at market prices. Since 1961, Paris controls all foreign exchange reserves in Benin, Burkina Faso, Guinea-Bissau, Côte d’Ivoire, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.

In addition, these countries must each year transfer their “colonial debt” for infrastructure built in France to Paris as Silicon Africa 3 reported in detail. France takes around 440 billion euros a year. The government in Paris also has a right of first refusal on all newly discovered natural resources in African countries. Finally, French companies must have priority in awarding contracts in former colonies. As a result, there is the most assets in the fields of supply, finance, transport, energy and agriculture in the hands of French companies.

The ruling elite in each African country must fulfill these compulsory claims without any other choice. African leaders who refuse are threatened with assassination or overthrow of their government. Over the past 50 years, there have been 67 coups d’état in 26 African countries. 16 of these 26 countries were former colonies of France.

An example is the first president of Togo West Africa, Sylvanus Olympio, overthrown by a coup. He had refused to sign the “Pact for the Continuation of Settlement”. But France insisted that Togo pay the compensation for the infrastructures that had been built by the French during the colonial period. The sum is equivalent to about 40 per cent of households in Togo in 1963, requiring the fairly independent country to reach its economic limits quickly.

In addition, the new president of Togo decided to remove and print his own national currency, the French colonial currency FCFA. Three days after this decision, the new government was overthrown by a group of former foreign legionaries and the President killed. The head of the Legionaries, Gnassingbe Eyadema, received 550 euros from the French embassy for the attack, according to the British Telegraph. Four years later Eyadema was promoted with the support of Paris, the new president of Togo. He established a tyrannical dictatorship in this West African country and remained in power until his death in 2005.

In the following years, the Paris government kept the link with the former legionaries to overthrow unpopular governments in its former colonies. This was the case of the first president of the Central African Republic, David Dacko, overthrown by former members of the Foreign Legion in 1966.
The same thing happened to the President of Burkina Faso, Maurice Yaméogo, and with the President of Benin, Mathieu Kérékou, the author of a coup d’état. This was also the case of the first President of the Republic of Mali Modiba Keita, who was also the victim of a coup by former legionnaires in 1968.
The reason, a few years earlier, he had simply decided to part with the French colonial currency.


As a proof to this accusations by the German Newspaper, South Africa’s EFF leader, Julius Malema earlier in the year also attest to the fact that up until now, the French nation still getting Tax from African states and that everyone must accept that.

Bloomberg also reported that a hoard of cash sits in the Bank of France: $20 billion in African money held in trust by the French government and earning just 0.75 percent interest. Now economists and politicians from 14 Central and West African countries say they want their funds returned and an arrangement dating back to the days of France’s colonial empire ended.

France holds the money to guarantee that the CFA franc, the currency used in the 14 nations, stays convertible into euros at a fixed exchange rate of 655.957. The compulsory deposits started more than half a century ago, when the then-colonies had to place all their financial reserves in the French Treasury. The deposit requirement has dropped over the decades: Today the African members entrust 50 percent of their reserves to Paris.



France’s Colonial Tax Still Enforced for Africa. “Bleeding Africa and Feeding France”

When Guinea demanded independence from French colonial rule in 1958, the French unleashed their fury with more than 3,000 leaving the country taking their enteire property. In addition, they destroyed anything that couldn’t be taken – destroying schools, nurseries, public administration buildings, cars, books, medicine, research institute instruments, tractors were crushed and sabotaged, animals killed and food in warehouses were burned or poisoned. In effect they were sending a message to all other colonies that the consqueences for jrejecting France would be high.

Colonialism as an enduring stain in Africa’s history, and economic oppression continue to exist. An article by Mawuna Remarque Koutonin, peace activist and editor of addressed this practice.

The article called attention to an ongoing practice by which former African countries are forced to pay a colonial tax to France – even today. In fact, France continues to thrive on the practice, which extracts approximately 500 billion dollars from African countries each year.

After the French destroyed Guinea who had sought independence, the alternative was to pay a tax. No African country could estimate the effect this had on 14 different countries.

As Koutonin notes, this outrageous tax deprives African economies of much needed funds, exacerbates debt, and strips their authority over their own natural reserves. But the detriments are more than just economic, as the ills of colonialism manifest in social ways that are equally devastating to the dignity and identity of the African people:

Sylvanus Olympio, the first president of the Republic of Togo, instead of signing the colonisation continuation pact with De Gaulle, instead agreed to pay an annual debt to France for the so called benefits of French colonisation. This prevented the French not destroying the country before they left however  the amount estimated by France was so big that the reimbursement of the so called “colonial debt” was close to 40% of the country budget in 1963. Olympio’s dream was to build an independent and self-sufficient and self-reliant country but the French had him killed by a seargeant who was given a $612 bounty by the French embassy.

History has shown that despite years of African fighting to liberate themselves, France repeatedly used many exForeign legionnaires to carry out coups against elected presidents. This included Jean-Bedel Bokassa who assassinated David Dacko, the first President of the Central African Republic. In the last 50 years, a total of 67 coups has occurred in 26 African countries, of which 16 are ex-French colonies. This indicates that France is desperate to hold on to whatever land it has in Africa.

In March 2008, former French President Jacques Chirac said:

“Without Africa, France will slide down into the rank of a third [world] power” and that Chirac’s predecessor François Mitterand already prophesied in 1957 that:

“Without Africa, France will have no history in the 21st century”.

Article Sources: globalresearchBloomberg, thisisafricaaljazeera, atlantablackstar



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  1. Colonization has never been stopped almost everywhere. Those greedy European leaders never want to resign from such benefits with the help of African bulldogs-leaders who sold their own people. They think they are real leaders of their countries but treated as slaves by the Europeans. Never they get respect selling their countries. Who to blame here ? What a shame.

    • We also have colonized countries in Europe. For example is all Euro area colonized since money mostly running to Germany. Inside Europe we also know other kind of colonial touches, so it is not based at all to African nations.

  2. As we have the World Bank and International Monetary Fund we should also have a combined African Banking and African Monetary Fund. African states must also seek loans or financing from other African states and by that way money will rotate internally in the continent. We must also strive to have one African currency like Europe have the Euro. That will be the only way to economic freedom in Africa. Our presidents must also not invest their money in Swiss banks but within the continent.

    David Maeko, South Africa

  3. Why should those puppets stoop to the direct exploitation imposed upon them by their so called colonial master? Mother Africa weep not, your prodigal sons have perpetually inflicted innumerous, which seem to be far from healing. As a result, you have succumbed to to agony, chagrin and helplessness. Sixty years is too much, a child who was born during that period is becoming a senior citizen, yet the neo colonial dictators attribute every failure to the colonialists. Why can’t they emancipate from such slavery and make Mama AFRICA stand high. Enough is enough, the governments on the continent must work in unison to negate such tendencies which have brought mama Africa to her knees. Weep not mama Africa

  4. COWARDS, Africans have been continuously rounded up as sheep and attacked by the wolves from the North and West. problem is WE allow it. from the period of Slavery to date. NO BALLS to say F**K OFF and the habit to sell out their own for the promise of personal comfort. SEE the wolf from the north is cunning, but we should know better as we have dealt with them for a long time now. To be pushing the Agenda of being afraid of Sanctions is merely cowardly. IF Only Africans understood that we don’t need the west nor the north – instead, they need us with all preciousness the continent has to offer. Now that EVERY Nation has come of AGE and is understanding the Complexities of Economics, CHINA is now making inroads to the same destination that’s yielded beauty for the rest of the world. My People don’t have the attitude to fight and defend its own. WE will gladly take up weapons and kill each other while the Ops Manager is some European or American on the hunt for our resources. What we fail to realize, is that by protecting the current worth of our minerals with tripple their value in the long run. The Man (Qaddafi) that realised this, we let America kill him and stood by and did nothing while he was attacked for wanting a Better AFRICA FOR AFRICANS.

  5. Finally Afrikan people of the continent see what we ‘AmeriKKKanized KneeGrowpeans have been experiencing for centuries marginalization at the hands of good ole’ white folks !!!!

  6. This is most interesting. Now, we are not trees, we can’t live for 300years, however, a chain reaction in the right direction can brek the chains for our future generations. Once, currency was gold, and it was too bulky, then it became a paper presented with a seat to the bank, then a national note, to date, accompanied by it’s cousin the coin. However, all this is becoming too bulky, hence the credit card and atm card, soon to be too bulky as well. With the growth of an online human race (which is inevitable), an All African Cryptocurrency or Block Chain, ahhh….. you can smell freedom can’t you. He who controls the money controls the land. BOOOOOM!

  7. Comment*I think we are fed up with complaining all the time , and the lip-service to mother Africa must also cease . When are we going to emancipate ourselves ? When will Africans realise that God will never descend from heaven to right the wrongs perpetrated against us for us ,but it will take our own efforts to make God change things around ?. I want to see real action .The struggle must begin now , because we do not have time to waste . Most of the natural resources which attract these “vampires” to our continent are nonrenewable which get depleted with time ,which is the main reason why I think its is high time for Africans to rise for their rights. Hunger and diseases are killing Africans day in day out just because we are “poor”. We are poor technologically , but not in resources. Let’s take full ownership of our rich resources by telling the West and the North ,and their henchmen amongst us who wouldn’t mind selling Africa for a penny ( if that will serve their parochial interest ) that enough is enough . By doing this , we shall be able to derive full benefits from our God given resources for our own
    technological uplifting and economical emancipation , and the unnecessary painful hunger and death will also cease.

  8. African leader exploit its people. Other african countries must stand up and fight this and go to war with france if they have to

  9. ‘Rich and at the same time poor due to the continuation of the exploitation of African. Cancel France these agreements, language and adopt your own language. Like German, French is a dying language and is worth less than one dollar to be spoken at all. Develop your own defense fuck the French out of Africa for good. . No wonder things are never moving forward in these French speaking countries.

  10. The only way to get rid of these
    Keltics) European blood suckers
    give them back their false gods/ jesus
    and all the fake Religions and Language
    that has nothing to with us or for us

  11. The only way to get rid of these
    Keltics) European blood suckers
    give them back their false gods/ jesus
    and all the fake Religions and Language
    that has nothing to with us or for us


  12. That’s what they did to Haiti in the 1800’s they see it was so successfully they doing to all the west coast countries in Africa. what a shame, the exact same policies.

  13. Absolutely abhorrent policies of colonial masters continue to loot African resources years after independence . Shame on France and all the European countries that have such policies in place. Africa unite for the sake of a a better tomorrow .

  14. This situation with France is appalling it unjust all the world continues to take advantage of AFRICA with the help of the powers of the people in power The Continent should get together and run all the non African out.Stop taking bribes

  15. If you claim to be ‘african’ and write emotionally against what the ‘colonialists’, that is, european murderers who invaded what is called “Africa” and committed genocide on its people and conquered and appropriated their land and other resources, did yet you wear and carry european or “white” people’s names, then frankly you are either a hypocrite or foolish. You think and act as if ‘colonialism’ is out there, somewhere else, some place in Africa and not in you, not manifested in you, your character and value-system and in most part, if not entire way of life. You proudly run around with your “white” people’s names and doing all sorts of other colonial things but have the audacity pretend you don’t like what the ‘colonialists’ or ‘colonial system’ did to you. You are foolish!

    • It doesnt matter what that person wears or have a name that he or she cant control of. If that person is a person colour of African descent/diaspora/African wants to stand up against this BS colonization. Then they can and nobody has the right to challenge that! PERIOD

  16. This type of colonization is worth than the previous one. And for these countries to remain under type colonial live indicated the weak leadership in Africa and how African leaders don’t think for the future of thypeople. It’s a pity!

  17. Time for all these African countries to take France to the international court for robbing Africa/Africans. For, aiding and abiding African Leaders dictatorship and starvation of Africa children. If that doesn’t work total rebellion against France. How dare France? This is evil taskmaster. I thought Pharaohs’ died in the bible. Unbelievable. And, they census these Africans from entering France and racist towards them?. While their money is taking care and feeding France/and the French. Please, Africa leaders. It’s time to end this enslavement. What’s going on? And, the world is silent? See why ppl hate the White man??? What’s the British, Portuguese, and Belgium taking? We need to know. Whao!

  18. As it is with France, so it is with Britain. These colonialists will be as wretched as Africa without the resources the appropriate from African colonies. This is why they only support the dumbest and basest as presidents in Africa. It’s left for the younger generations of Africans to rise up and demand an end to these unending exploitations.

  19. This is why the likes of Kwame Nkrumah came up with neocolonialism thesis. Colonialism has never ended in Africa, it only changed its name and form. Aljazeera English had aired a very enlightening documentary on this subject a year and half ago.

  20. Some misunderstanding in this article. This is called the “Colonial Pact”. The money deposited in the Banque de France is not a tax but a reserve fund for the CFA franc and is (in principle) designed to stabilise the CFA franc. France guarantees the convertibility of the currency at a fixed rate against the euro, which is (in principle) what the money is for. It’s not a tax and France does not actually keep the money or transfer it to itself. However, this system does maintain these countries in a dependent relationship with France (and Europe), there are clauses in the deal that oblige these fourteen countries to give France first option on certain strategic resources (oil, uranium, etc) at favourqble prices, these countries are obliged to sign a “Defence” agreement with France to protect its strategic interests, French multinationals do have dominant positions on their markets and make extraordinary profits, France regularly intervenes militarily to maintain their subjugation and protect its “vital interests” (most recently in Lybia, Mali and Central African Republic), it has often fomented coups d’état against leaders who don’t toe the line. So basically the pacte colonial keeps these countries in what it says : a colonial, dependent framework.The 440 billion transfer however is a bit of a myth, as it’s through a far more complicated mechanism that France pillages Africa’s wealth. It would be interesting to actually measure the true amount of wealth transfer, but I doubt if it’s quite that large. It’s important to understand that the principle here is “socialise losses, privatise profits”. If we look at the actual balance of wealth transfer, probably the amounts are far less huge, because maintaining a colonial system is expensive, military bases and interventions cost a fortune, there is a return of some of the wealth in the form of tied aid (you get a huge loan or a subsidy, as long as you sign agreements with French multinationals). However, the French elites enrich themselves by capturing the profits without paying for the aid and the other colonial expenses – that part is all paid for by the French taxpayer. Every French President and their (often shady) networks have benefitted enormously from the dirty money the Franceafrique system generates. Many have been put on trial for it, as Sarkozy is now, but have always in the end managed to wriggle out of it, because the entire French elite thrives on it. Same story for the African cronies and gangsters they do deals with, who make millions by pillaging their own country’s wealth and investing it in the West (Mobutu, Gaddafhi, Bongo, etc..) The losers are first and foremost ordinary Africans, who are exploited, brutalised and impoverished, while their “elites” live it up in the West. And to a lesser extent, ordinary French people whose taxes pay for the system and subsidise the enrichment of their own ruling classes.

  21. Not only France even English west African country pays taxes for some old infrastructure built by the British for example like those quay port built by them the British up till now they receive money as taxt for those building.

  22. The French sent in retired Legionaires to fight and try to kill the Irish Peace Keeping Force in 1961 who were sent to protect a town called Jadotville.
    The French abviously saw this as a threat to their mines and so they tried to get rid of the Irish. Well they didn’t and the Irish Troops were successful in defending the area they were staying in.
    Everything was covered up afterwards and the Soldiers were considered cowards for a very long time until the 90’s when they were finally awarded medals for their bravery (on the quiet of course).
    Seems like the French and other EU countries live a lie especially where ‘Peace keeping is concerned. The Film on this issue is called ‘The Seige of Jadotville’. Worth a watch.

  23. The dependence on Africa is so much that even the French National Soccer team depends on Africa for players.

  24. which „German Newspaper“ is this ? It is not serious to comment a case in this form without telling the name of the german newspaper!?

  25. And the colonizers dare ask us to still pay for their damn old buildings?lets talk about human loss occurring From colonization to date in the name of the West. How come African people Don’t ask for compensation to those colonisers who Have spoilt the blood of hundred of thousands of Africans during the colonial period and built their wealth on African peoples misery?

  26. France is the purveyor of dictatorship in Africa to subdue and subjugate the people. Francophonie summit is littered with dictators all kowtowing the master imperialist of the evil French empire who has no regard for his servile school prefects masquerading as presidents.
    Dictatorship is a breeding ground for resistance and extreme behavior and with time France declares dissidents as terrorists, an excuse for France to come slaughter Africans in the guise of protecting French citizens and interests.
    France invited all the misery it suffered from disaffected population, homegrown and otherwise that ran from poverty to misery in France. It’s a pity to see what French citizens had to go through but the sympathy that France begs for is a real charade because French policies are inextricably bound to the current affairs. Their greed is built in their ego.
    Anglosaxon countries are doing better and have change of governments; Ghana, Liberia, Tanzania, Kenya etc.
    The French empire is still being ruled, low GDP, French tollgates, French VAT taxes, colonial fees and stagnant economies.
    French policy is annihilative and their doctrine is that Africans must be controlled and their wealth sapped to feed the French population. Then, they trade showmanship and religion to Africa through french missionaries and emmisaries. They do photo-ups with their dictator and attempt to sweet talk the people about french commitment. As they leave with their bounty, they revel ” docile people, the strategy works, oh yes it does”.

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