Want to know why African countries suffer so many coups? To be precise, 67 coups in the last 50 years in 26 countries. 16 of these countries still maintain French influence.
There exists a “colonial tax” in 14 African countries, which were formerly French colonies, resulting in substantial annual payments to France, amounting to around $500 billion.
These countries were under French oppression until 1958, after which they gained independence. However, nations such as Benin, Burkina Faso, Côte d’Ivoire, Guinea, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon are still burdened with paying colonial taxes.
These 14 countries have a combined population of 174 million and a nominal total GDP of $196 billion, with a PPP GDP of $411 billion.
Formally, France has halted its colonization policy, but its economic colonization of these African states persists. A portion of the colonies’ budget continues to flow to the French central bank under various names and categories.
This process allows France to appropriate approximately 85 per cent of the former colonies’ annual income. As a result, African countries face financial difficulties, and they are forced to borrow back their own money from the French central bank as debts.
To reclaim their funds, African countries are limited to applying for no more than 20 per cent of the transferred amount. If they seek a larger sum, the former colonizer has the authority to veto it. France argues that it is merely repaying the money it spent on buildings and infrastructure constructed over a century ago.
Any refusal by an African ruler to pay the colonial tax often leads to a France instigated coup.
The latest coup in Nigeria is different, the coup ousted the France-friendly president…
Africans have had enough!
‼️French mining company Eramet suspends operations in Gabon after military takes power
(Eramet, multinational mining company, was founded with funding from the Rothschild family.)
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