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Showing posts with the label African Development

IS ISSA TCHIROMA BAKARY A DISTRACTOR OR A LIBERATOR?

The Profile of the Main Opposition Candidate Is Issa Tchiroma Bakary a Distractor or a Liberator? By The Afrisocrat Political Desk | 2025 Presidential Election Special Early Life & Education Born on 10 September 1949 in Garoua, northern Cameroon, Issa Tchiroma Bakary grew up in a respected family where his father served as an advisor to the Lamido. This upbringing instilled in him deep values of responsibility, discipline, and service to the community. After early schooling in Douala, he pursued technical training in transport and materials engineering before traveling to Paris. At the University of Paris (Jussieu), he prepared for a PhD in mathematics before redirecting his focus to mechanical engineering at ISMCM, graduating as a railway engineer. Returning home, he worked at Regifercam in Douala, embodying the discipline and pragmatism of a technocrat committed to service. Imprisonment & Political Rise In...

THE HIDDEN COST OF COLONIAL CURRENCY (CFA FRANC) ON AFRICAN DEVELOPMENT

THE HIDDEN COST OF COLONIAL CURRENCY (CFA FRANC) ON AFRICAN DEVELOPMENT Introduction For more than 75 years, the CFA franc has been the financial chain binding 14 African countries to France. Introduced during colonial rule and maintained after independence, the CFA franc is often presented as a tool of “stability.” But in truth, it is a system of economic enslavement designed to keep African nations dependent, poor, and under foreign control. The Origins of the CFA Franc The CFA franc (“Colonies Françaises d’Afrique,” later rebranded as “CommunautĂ© Financière Africaine”) was created in 1945 by France. Despite independence movements in the 1960s, African nations using the CFA franc never gained true monetary sovereignty. France still controls their reserves, dictates policies, and reaps profits from African labor and resources. How the CFA Franc Holds Africa Back 1. Foreign Reserve Control Until recently, CFA countries were forced to deposit up to 65% of their foreign reserves in the F...