Africa
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The North’s New Debt Trap for the South
An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa
10 May 2021 - by Eric Toussaint, Milan Rivié
In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state (...) -
Africa: How France Continues to Dominate Its Former Colonies in Africa
26 April 2021 - by Ndongo Samba Sylla, Fanny Pigeaud, Chris Dite
In France’s former African colonies, imperialist monetary policies from Paris continue to cripple domestic economies and undermine democracy. Colonialism in Africa won’t have meaningfully come to an end until true economic sovereignty is allowed (...) -
Series: 1944-2021, 77 years of interference from the World Bank and the IMF (Part 28)
The World Bank did not Foresee the Arab Spring Popular Uprisings and still Promotes the very same Policies that triggered them
12 April 2021 - by Eric Toussaint
In 2021, the World Bank (WB) and the IMF will reach the age of 77. These two international financial institutions (IFIs), created in 1944, are dominated by the United States and a few major allied powers that act to generalize policies contrary (...) -
Stand with Africans to Cancel the debt!
5 February 2021 - by CADTM Africa , Womin
Debt cannot be repaid, first because if we don’t repay, lenders will not die. That is for sure. But if we repay, we are going to die. That is also for sure. Thomas Sankara, 1987 African movements unify to campaign for the cancellation of (...) -
Planting budgetary time bombs in Africa: the Macron Doctrine En Marche
14 January 2021 - by Ndongo Samba Sylla, Daniela Gabor
‘A French Jeremy Corbyn, and in power!’ you’d think after reading the first few paragraphs of Macron’s recent interview in Le Grand Continent. He condemns the Washington Consensus, the paradigm of ‘less state intervention, privatisations, structural (...) -
What do FTAs mean for African women? A critical look into the African Continental Free Trade Area
15 December 2020 - by GRAIN
The recently ratified African Continental Free Trade Area (AfCFTA) looms over Africa. An initiative of the African Union, this mega free trade deal aims to consolidate African markets, boost trade between African countries, and ultimately (...) -
Report on the International Situation and the activities of CADTM International since May 2020
1 December 2020 - by Eric Toussaint, CADTM International, Jean Nanga, Christine Vanden Daelen, Sushovan Dhar, Maria Elena Saludas, Omar Aziki, Rémi Vilain
This report was presented by Éric Toussaint at the biannual meetings of CADTM Belgium on Tuesday 17 November 2020. The text was completed in the annexes by an addendum on the action of the coordination of feminist struggles written by Christine (...) -
Illicit Financial Flows: Africa is the world’s main creditor
5 November 2020 - by Milan Rivié
In its latest report on Illicit Financial Flows (IFF) in Africa, UNCTAD (United Nations Conference on Trade and Development) discloses that 88.6 billion US$ from the continent go up in smoke every year. Not only must we ask questions about the (...) -
Putting an end to the EU’s neo-colonial policies in the field of trade and investment: Economic pressures from above, social reaction from below
22 September 2020 - by Patrick Bond
Summary: The European Union and Africa have had exceptionally conflictual relations even after slavery and colonialism ended. Still today, African-European civil society relationships from below are often arrayed against a nexus of state and (...) -
President Macron never intended to cancel African debt
4 May 2020 - by Pauline Imbach
Had we been born yesterday, we would have been tempted to believe that the question of African debt was finally going to be taken seriously. Emmanuel Macron, wielding a magic wand, was about to cancel the continent’s debts, once and for all. Yet, (...) -
The African Continental Free Trade Area: What Kind of Pan-Africanism?
6 April 2020 - by Jean Nanga
In Kigali, Rwanda, on March 21, 2018, five years after the 50th anniversary of the creation of the Organisation of African Unity (OAU)/African Union (AU) – considered in the Newspeak of the AU as “fifty years of success” – 44 of the AU’s 55 member (...) -
The African Continental Free Trade Agreement: Loss of Sovereignty, Lack of Transparency
19 August 2019 - by Jonathan Cannard
The African Union’s Assembly of Heads of State and Government conceived of the African Continental Free Trade Agreement (AfCFTA) in 2012 with the goal of creating a Continental Free Trade Area by 2017. In March 2018 the majority of AU member (...) -
Illicit financial flows thwart human rights and development in Africa
5 February 2019 - by Imani Countess
The Universal Declaration of Human Rights turned 70 each year; losses that in many countries exceed foreign direct investments and development assistance. Funds that could be used to secure basic economic and social rights, for example the (...) -
African governments’ debt payments double in just two years
8 October 2018 - by Jubilee Debt Campaign
• Debt problems on the African continent are increasing, with external government debt payments doubling in two years • The private sector is the largest source of loans, accounting for 32% of debt owed and 55% of interest payments • China (...) -
The Long March to Post-Capitalist Transition: Pan-Africanist Perspectives
29 August 2018 - by Ameth Lô
The centenary of the October 1917 Russian Revolution, a world-shaking historic event, was an occasion for celebration throughout the world. Many diverse interpretations are advanced as to its success in achieving a radical transformation of (...) -
Philanthrocapitalism: The Gates Foundation’s African programmes are not charity
24 August 2018 - by Philip Bereano
The activities of the Gates Foundation are a major example of what has come to be called ’philanthrocapitalism’. Philip L Bereano argues that philanthrocapitalism is an attempt to use market processes to do good, and therefore problematic as (...) -
CADTM successfully holds Citizen Debt Audit Training in Nairobi
19 August 2018 - by David Calleb Otieno
The Committee for the Abolition of Illegitimate Debts (CADTM) successfully held a three days training on Citizens Debt Audit in Nairobi, Kenya. The training that attended by delegates from Kenya, Uganda, Tanzania and Burundi was organized by the (...) -
Africa : Strengthening the anti-debt initiatives in Kenya
15 August 2018 - by Sushovan Dhar
CADTM collaborated with Kenyan social movements to organise a training on debt audit and also a meeting to strengthen the anti-debt activities in Kenya. This programme held from July 29-30 at Nairobi (in the slums of Kangemi) witnessed the (...) -
Small–scale farmers of Africa and Denmark reject free trade agreements
27 July 2018 - by La Via Campesina
Representatives of La Via Campesina in Southern and Eastern Africa (LVC SEAf) and in European (ECVC) small-scale farming agree that free trade agreements (FTAs) on farm products benefits primarily transnational corporations and furthers the (...) -
BRICS in Africa: “You are either at the table or on the menu”
5 June 2018 - by Patrick Bond
At a Johannesburg BRICS think tank, scholars get drunk on their own rhetoric South African academics and think tanks met on 28-31 May 2018 for deliberations leading to the July 2018 BRICS heads of state summit to be hosted by South Africa. (...) -
China vs the US: The new imperial scramble for Africa and global rivalries
4 June 2018 - by Lee Wengraf
Lee Wengraf writes that the rush for profits, economic volatility and militarization across Africa promises only instability, rising exploitation and violence. Since the start of the new millennium, sub-Saharan African economies have undergone (...) -
China-Africa relations without Africans’ contributions
28 May 2018 - by Daouda Cissé
The piece relates that, at times, Africans are not invited to debates, conferences and other key platforms on Africa-China relations even though the topic is about Africa’s and Africans’ relations with China and Chinese. Recent discussions and (...) -
The EU caught in the trap of Nigeria’s refusal to sign the West Africa Economic Partnership Agreement and the Continental Free Trade Area
9 May 2018 - by Jacques Berthelot
The EU caught in the trap of Nigeria’s refusal to sign the West Africa Economic Partnership Agreement and the Continental Free Trade Area On April 9, 2018 President Muhammadu Buhari of Nigeria very explicitly stated to the new Ambassador of the (...) -
Senegalese economist Ndongo Samba Sylla: “the Continental Free Trade Area is a mistake” (Interview)
4 April 2018 - by Ndongo Samba Sylla, Maghreb Emergent
The economist Ndongo Samba Sylla is the author of the following books, among others: The Fair Trade Scandal: Marketing Poverty to Benefit the Rich and La démocratie contre la République: l’autre histoire du gouvernement du peuple. He tells Maghreb (...) -
International Women’s Day Declaration, 2018
1 March 2018 - by World March of Women
On the 8th of March2018, International Women’s Day, we from the World March of Women, diverse women from all peoples, races and ages, come together once again to reaffirm that we will keep marching until we are all free from all the oppression (...)
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