Western Companies Oppose Senegal’s New President's Plans To Renegotiate Mining Contracts.
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- čas přidán 8. 06. 2024
- #africanews #Bassirou Diomaye Faye #senegal
What is the point of accepting foreign companies into your country to explore the resources if it will not benefit the country? The fact is there is no point. It's far better that the resources remain untouched than for these companies to come in, explore, gain huge profits, pollute the environment, and displace local people from their homes while giving the government a measly sum as compensation. The newly elected President of Senegal understands this, and that is why during his presidential campaign, he pledged to renegotiate mining and fishing contracts with these Western companies. And, now that he won the election, becoming the youngest elected president in the world, the President has taken steps to put the plan of renegotiating the mining contract in motion. After his Inauguration on April 2nd, president Faye announced that his administration intends to conduct an audit of the oil, gas, and mining sectors.
The exploitation of our natural resources, which according to the constitution belong to the people, will receive particular attention from my government," he said. I will proceed with the disclosure of the effective ownership of extractive companies (and) with an audit of the mining, oil, and gas sector, he added. The President also reassured investors that they were welcome in Senegal. "Investor rights will always be protected, as well as the interests of the state and the people," he added. From this statement, you can see that the President is fair. He said investors rights would be protected but the interest of the state and the Senegalese people would also be protected. Unfortunately, most of the mining contracts signed between African countries and Western companies usually prioritize the rights of investors over the interests of the people, which ought not to be so because, in truth, the resources belong to the people and not the investors.
Every contract that every African country has with Western countries, needs to be reviewed
and some canceled
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Here in Africa we have an Animal called Hyenas who never shy to eat it's prey a live without mercy, Western systems and their Government packed Companies are not different indeed! From the Horn of Africa
A lot of african presidents are weak they just afraid of doing it . Just because of these useless aids they get from Westerners... soon the time will come . I'm proud to be african. ❤😂❤
That's right!!! We taking our shit back man!!!! Unite, Defend, and Free Africa now!!! Go Africa Go!!!
The chains of Africa are broken.
These companies have all gain these recourses treu a criminal campaign. They extorted and blackmailed the weak african leaders to give them those contracts and use the france army to protect their greed.
Are you going to go the full hog,and take your refugees in Europe back, might as well go all the way
@morrisanderson818 wy don't you take all your white people all around the world back. From Australia to Brazil, Argentina, and South afrika. Take them all back. What about the white people in amerika. Wy don't you take them back.
@@morrisanderson818That's the plan.
The President must renegotiate the contracts to prevent more exploitation of the country and his people resources. This is absolutely essential.
Your so right Sis, They keep blocking me for speaking the truth, Twice as we speak
your so right Sis
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May God Bless and Protect this Man from those people who are against his plan and from those western countries affected by the reforms he wants to do in his Country.
Looks like our young leaders are making big moves.
I also call for renegotiation of all foreign contracts in South Africa 🇿🇦, Africa must unit
Kudos to the President of Senegal. May God bless Faye with the wisdom, strength and vision to see Senegal become a very successful country. Viva Viva Senegal and Viva Viva Africa.
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God bless my African brothers and sisters God bless Africa
God Bless "Senegal' invest in yourselves first how about that?
They can leave if they don't want to renegotiate. Others will take their place.😂😂
I am so proud of those African leaders who are putting Africa first. The New age of Africa has come. As the Continent evolve we shall live in the glory of Africa. I feel and know in my heart that the Ancestors have returned to undo the great abuse and "genocide", yes l said this that continues upto to today on parts of the Mother Continent. There was Arab Slave Trade longer than than the Alantic Slave Trade and the colonialation of the entire African Continent by Europe. We must be watchful of our leaders especially the "sell outs too, who do not have love for Africa and it people in their heart!
A sovereign nation always has the right to renegotiate unfair contracts due to the corruption of previous administrations.
Western investors need to be driven away so that African countries can finally, truly succeed.
May God keep you, and preserve your life. We are praying for Africa
You have people within Africa who don’t want to see there own prosper but rather see other people from elsewhere prosper
Those are the descendants of the Africans that sold their own to the Arab and European slave traders.
Stand firm young king!!!✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿✊🏿
ASE!!! ASE!!! ASE!!! 🎉🎉😅😅❤❤😊
MR. PRESIDENT!!!
NO MORE ONE GROUP TAKE ALL & ALL OTHERS GET NONE!!! 🎉🎉🎉🎉
Africa and our people first and foremost!❤
Kudos to Senegal and West Africans for freeing themselves from Western Colonialist. We need to get rid of puppet leaders all over the continent especially East Africa!
I say power to your people period black first ❤❤❤❤B1 United Republic of Africa 🌍 ♥️ 💪 👍
May God bless Senegal and the new president
It's time enough that the natural resources of a country return to their hand, only way to invest in their own development and fight cronic poverty.
If they don't then let them pack out
Congratulations Sénégal ❤
Senegal invest in yourselves first God wiill take care of the rest.
It’s matter of most to renegotiated/Or no contract✊💯
Veryan Great. May the Almighty God continually protect n bless u - President Faye
Wow congratulations 👏👏👏👏 long live Senegal president
Nationalise the resources. For they belong to the great people of Senegal 🇸🇳
Excellent
Good job
Hmmm 🤔 our oil but we (Senegal) must keep 18% and give away 82% 🤨 that's not good maths at all, ex president an his dunce minister should be JAIL an the Keys thrown away 🤨💯🇹🇹
He just calculated how much he is going to get , that was it
I think fincancial discipline is what Africa needs more. They borrow these funds and rather than use it for technology development and industrialization , it is diverted for self aggrandisement.
Go Go Senegal. Stand up for your people's rights. The world needs more younger people in power to bring justice, equality and peace in our world.
In 2018, the president delivered on his promise to RENEGOTIATE the NAFTA deal as it NEVER BENEFITTED HIS PEOPLE in the states.
I'm 100% certain HYPOCRISY is ALWAYS at play whenever we talk about Africa. I pray the people stay UNITED and AWARE of what's really at stake if they don't REGAIN their IDENTITY/SOVEREIGNITY/DIGNITY, etc.
Exactly leave the resources where they are if they do nothing to benefit the people. Leave us alone
Same issue is happening in Namibia and it's sad
Don't back down Senegal
Don't mine if you are not ready as a country.. you should build all the necessary equipment yourselves.. you don't need so called experts.. In fact how did they become experts..
I don't understand how they didn't help AFRICA BUILD THERE OWN BEFORE THEY BUILD THERE'S BUT GET IT IT'S YOUR'S HELL NO INVEST IN SELF DO FOR YOURSELF IF YOU HAVE TO SHUT IT DOWN SHUT IT DOWN IF YOU HAVE TO WHAT AREYOU GOING TO LOSE YOUR ALREADY NOT GETTING NOTHING SHUT IT DOWN
PEACE
The Senegalese Authorities should just nationalise and take over all the foreign-owned companies and should run them like state-owned companies.
African young leaders are awake,
alert, and oriented. Praise the Lord.
Africans need president like him
They lack both the technical skills and finances to mine their own resources which is sad.
That's bucz the previous rulers need to b jailed.
thats not true. Africa was mining it's resources before Christ. the only change is that it is done for profit, back then it was only done for use. that's a different existence to that existence now. as for finance, Africa has all the gold and silver the problem is theft...but that's changing.
No that's a plain lie.. it is said so by those who want to undermine us so that they continue to loot..
Gaddafi would be so proud right now, Africa coming together as one, the oppression of Africa is ending ❤️
Agree and Marcus Garvey. 💯👊🏽🌍✨❤️
What a great move Senegal you really deserve to be an example to the entire African continent.. Africa rise and take your stand again Africa he whom fights runs away that you fight another day. Not yet UHURU
Exactly , renegotiation is not risky at All. They should go ahead with it and add it as an addendum to the initial Contract . or get entirely new investors if renegotiation fails
BRAVO, SENEGAL…..ABOUT TIME!
He not putting up with the what the Western Leaders doing against AFRICA for AFRICAN PEOPLES Wealth and RESOURCES and RICHES
Way to go my people.
Demand and command the respect for the people of your country and of the continent of Africa
What investors are doing if local citizens are not benefiting. So let them go
YEAH! All power to the People.
All African countries should join together and ban resources to Europe or rise the price 80% on everything
Mr president Faye don't let the former government members to tell you what to do and what not to do.
I am so proud of our African leaders. Until Alkebulan gets up nothing will work well.
Wake-up Africa, send the west home, we are not your friend.
To you, african presidents, that motion of changing the mining agreement, I'm fully supporting you , How can a person from outside Africa come in our african commanding you how and how much they will give you 😂😂. You are the one who supposed to tell them , and one thing you must make sure that those people they are fully giving the social corporate.. if they don't want to fulfill what you and I mean you african presidents want , they must just go, .........!
Africa need technology with the contract so they can do the work and take over on a 5 to 10 years time frame
Love bro ❤
Viva Senegal, Viva Africa ❤❤
Now all the Starving Senegalese in US can soon return HOME thank you President Faye 🇸🇳
Yep, just leave the resources untouched.
He is doing the right thing for his people
That's 💯% correct Renegotiate
Did I hear about the ex Senegal president changing the contracts so they couldn’t be renegotiated when he realize he was losing
AFRICA SHOULD COME TOGETHER AND UNITE, TO BECOME STONGEST IN THE WORLD. POWER IS WHITE THE PEOPLE #FOCUS SENEGAL FIRST. PRIME MINISTER SONKO AND PRESIDENT DIOMAYE WILL MAKE SENEGAL GREAT INSHA ALLAH❤️🌍💪🏾✊🏾
The country can nego contract anytime if it doesn’t benefit the country period.
Senegal is an independent and sovereign country who has the right to manage its natural resources for the best of its people. Thus, the West has no say on the Senegal economic policy, as it dislikes to be told what to do by foreigners outside the E.U.
It’s sad that our own people set us up for failure and help to keep it in place.
Good on him. This President is a fantastic leader.
Thanks for your platform and the info.
These are the reasons why we believe ECOWAS has failed WA.
All these unfair contracts and post colonial Penal agreement with France and her colonies ; you should imagine ECOWAS coyld have intervene just like fighting against Terrorism or extremist rebels.
Thank God we now have Mali, Niger ,Burkina Faso and now Senegal challenging these unfair agreements.
You would always get new investors. Australia's Company cant get 82% of the states resources,what about the African People.
STAND YOUR GROUND 😊
Sebegal must be bold to renegotiate their existing mining contracts for much better benefit for tge youth if their country, at least. First of all, the share of revenue for Senegal must be raised. The investors must be prepared to train enough Senegalese youth for the mining sector. The investors must improve the environment of the mining areas.
Africa is now starting to wake up,stay focused and reclaim what is our for heavenly sake of the people. It brings fire 🔥 to my soul to see Africa struggling and these demonstrated demons continue to prosper off the backs of Africa. As a Africa I want to come home and start my business mining to help rebuild Africa..
Screw the world bank do not borrow from them. If Senegal needs skilled people to mine the oil but down drilling, negotiating training in an oil producing country, comeback train the people and then sell the oil. If there are unfair contracts and the people get nothing what's the point , you will be recolonized if you keep taking pennies and think you can't nor deserve more.
Africa is our business we have been exploited far too long wake up Motherland Faye oyee Traore oyee
What a great move Senegal you really deserve to stir it up and be an example to the African continent as whole. It's eo sad that africa is still have some village fools who claim to our liberators yet they are the puppets of the west and Europe
Is it the only company in this world that can extract the resources or there are others who can do it better respecting the people’s resources for Senegal.
Threats aside western countries only know their own interests and ignore any other.
Let them leave if need be!!
...the Senegalese government is taking the right position on its resources...I hope western interests (corporate and government) are not plotting against the Senegalese government and its leaders as we have, unfortunately, seen in many similar situations...Fuerza Senegal....
Really africa wake up see enemy
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If it's a problem renegotiating contract for fair marketing benefits,then indeed you're in business with the wrong investors
About time ❤
President must have political Wiil of the people and loyalty that's a factor of the leader
He has right to decide what is best for his population.
The last president ahould have been thrown under the jail
i heard this from another souce...no mine.... i heard that Mr. FAye declare arabiac is now Senegal official language.
We don't speak Arabic, we speak wolof!!
That’s propaganda it’s not true the official language is still French and wolof is the common language that all ethnic groups use to communicate between them.
Say No to western colonization. All these rich natural resources should be managed and control by local people so that the money can be use for development for the people of Senegal instead of control and stolen by the west. The people in Senegal have been suffering with poverty for many years due to unstable Government and war..❤ from Malaysia...
Renegotiate the contract, as long as the investors can see that they can make money
Nationalisation the oil and gas industry and mining of minerals resources?!
May Allah be with them
Negotiation of contracts in all area of life is possible when a party involves is unsatisfied. Let the Senegal and African countries encourage local and national expertise to create companies in all development sector. So contracts will allocated to then and avoid money outflow to foreign countries..
Love Senegal- I get it but investors are global......
THE WEST CAN LEAVE, OTHERS WILL COME. DI IT MR PRESIDENT. WE SUPPORT YOU, AFRICA YOUTHS WAKW UP AND SUPPORT HIM
I wish my country leaders can learn from this young president
The president must be firm and stand for his people too long these western have beening reapimg what belong to African.
Heavenly father give us strength and courage to do the things that we ought to do and protect us and prosperous in all that we do, liberate Africa from dominance of greedy people. Amen.
Black people live through 400 yrs of slavery with chain and shackles and fight it off .wht if they leave senigal nred to get their own technology and do it them self
This is one of the reasons most Nigerians rejected the over 80s analogy brain impoverishing the country during the last election. We need young, innovative and vibrant leaders to take the lead in Africa, only then can we see a meaningful change.
Very good
6:53 He has right to decide what is best for his population.
He should also file charges against the former leadership for crimes against humanity of the population.
A lot on people here are congratulating and giving High 5s. This is all well and good, but any who are African must realise there must be an exponential growth in our knowledge base, depth of understanding, thinking and action, to keep up with and support the actions which facilitate the efforts of our brothers in Mali, Senegal, Burkina Faso,Niger etc who have entered into the Field selflessly to do the right thing for their people andcountry which will enable them to take their rightful place in the world.