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"Tap the link below to access unique and candid insights on neocolonialism and imperialism in African politics."
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14 african countries are obliged by France, through a colonial pact, to put 50% of their foreign reserve into France central bank under French minister of Finance control. Togo and about 13 other african countries still have to pay colonial debt to France. African leaders who refuse are killed or victim of coup. Those who obey are supported and rewarded by France with lavish lifestyle while their people endure extreme poverty, and desperation.
It’s such an evil system even denounced by the European Union, but France is not ready to move from that colonial system which puts about 500 billions dollars from Africa to its treasury year in year out.
Below are the 11 main components of the Colonisation continuation pact since 1950s:
1. Colonial Debt for the benefits of France colonization
2. Automatic confiscation of national reserves
3. Right of first refusal on any raw or natural resource discovered in the country
4. Priority to French interests and companies in public procurement and public biding
5. Exclusive right to supply military equipment and Train the country military officers
6. Right for France to pre-deploy troops and intervene military in the country to defend its interest.
7. Obligation to make French the official language of the country and the language for education
8. Obligation to use France colonial money FCFA
9. Obligation to send France annual balance and reserve report.
10. Renonciation to enter into military alliance with any other country unless authorized by France
11. Obligation to ally with France in situation of war or global crisis
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