The West African nations in the CFA zone are required to deposit 50% of their foreign exchange reserves in a special French Treasury “operating account”. At one point it was 100%!
“We are like second class citizens, of the same status as a colonised people, except that this is internal colonialism, caliphate colonialism”
To this day African countries such as Mali, Cote d’Ivoire, Cameroon and Gabon, are required to deposit two-thirds of their foreign exchange surpluses into a French operations account.
Freedom fighters believe they have a right to govern, but struggle to deliver the economic development that Africa needs.
“Today only a few Africans are proud to be African and that is the actual problem we face” – director Arnold Aganze