West Africa's New Currency: The End of France's dominance in AFRICA?
Vložit
- čas přidán 27. 07. 2019
- Will the introduction of one currency for all of West Africa spell the end of France's dominance in French-speaking Africa?
Please help support our growth by subscribing to our Patreon: / newafrica
You can also help support our growth by making a donation here: paypal.me/NewAfricaDonate?loc...
Follow us on Twitter: / wearenewafrica
You can also support us by picking up one of our recommended books from Amazon:
The Scramble for Africa: amzn.to/2MiaoTs
The State of Africa: amzn.to/2YrmXya
Dictatorland: The Men Who Stole Africa: amzn.to/2MmQIhi
Please help support our growth by subscribing to our Patreon: www.patreon.com/NewAfrica
Follow us on Twitter: twitter.com/WeAreNewAfrica
You miscalculated your figures. CFA reserves account for 500 billion euros annually in Paris' treasury.
Another miscalculation: Africans aren't afraid of Nigeria. Most Nigerians don't fully understand the threat that is France, they don't even know that much of what they are fighting as boko haram are actually French sponsored insurgents.
A suggestion: A critical issue facing the African continent now is the growing influence and involvement of China. I have yet to find many Africans speaking out about this and it does Africa no good to allow only Westerners to be the voices heard calling for African caution with Chinese entanglements. Perhaps you would be a good person to take an objective view in a series of videos on China-in-Africa.
Are we looking at a future China-Afrique? Is there a danger of a new Cold War with new African proxies? Is China using old colonial strategies such as debt traps? Is China interested in nation building, market building, resource extraction, or does it represent something new? Would China support authoritarian leaders in Africa even if they abuse human rights, engage in genocide, corruption?
I have my own answers to these questions, but it's African answers that need to be heard far more.
From your perspective, these are not good odds at all. So it's a choice between French dominated economic union or Nigerian dominated economic union? Yeah I'd stick with France if it means handing over my country's economic policy to Nigeria. The CFRANCS, just need to band together and demand for a renegotiation with France to considerably tilt the scales in their favor. Maybe start by nationalizing those precious mineral resources.
Africa needs it own currency without ties to any other nations.
muammar gaddafi tried to do that....you seen what happened to him.
Africa is rich in gold and resources, that's they divided it into many "states". divide an concur *coughs in British* 😂
@@ffs784 Many of the "countries" you see throughout Africa are really the result of different tribes being forced together without consideration of their cultural differences...We had many kingdoms before the contest for Africa.
Cindy99765 I’m African my self. Well aware of what Some European and Arabs have done to Africa. My people still suffer from the skin colour ideology, while at the same time being poised with drugs and weapons.
We tried to defend our waters from the us and Europe dumping nuclear waste on our shores but some how we are the pirates.
@@ffs784 yup just like the situation in Somalia 100 of illegal ships pass by Somalia shore destroying and collecting everything in Somalia water specially the tuna in Somalia water Thailand comes there and other nations come to do weapon testing and black market sell for weapon and nukes in order to do that they keep corrupting the Somali leaders on top of that the Arabs brought us terriostim in Somalia group called alshabab working with al-Qaeda so ye the world did nothing for us but destroy Africa is time Africa to wake up and start educating ourselves other wise we will always be looked down as slaves
@@younge252 that what i was referring to, good to know that the info is now out there. one day we will go back, the region wasn't called paradise for no reason aka puntland.
What is Nigeria, what is Cote d'Ivoire or Senegal? It is just the invention of our colonizers. It is up to us now to decide how we want to organize ourselves as west African? I don't mind being called Togolese or Senegalese or Ghanaian, what matters is to unite to face the economical challenges that we all face.
Yes advocate for a unified west African state.
I am African living outside the continent dreaming of a United and free Africa East West North and South
I love you ma'am. Well said
Once the single money is there, they're done for good. Europe tried a while before they got it, what's wrong in us trying until we finally get it?
Just ecstatically loving your comment. No wiser words ever spoken in the length and breadth of Africa!
I'm laughing so hard when he said "hopefully it will be better next year "😂😂😂oh lord did no one know what was coming
up until december, not even the chinese knew what was coming XD but yeah i guess that whole thing probably made this project a bit more difficult than it allready was.
@Man Antom my dude, if you dont know, just enjoy it, but you should know that its become trend to cover your mouth and nose and its totally acceptable end even expected to do so inside stores, other than that if youre the stay at home kinda person, its the time of your life now, tons of games are reduced in price and generally... try to avoid people.
🤣🤣🤣🤣
@@therealslimshady3662 4
@@marviasinclair6144 why are you quoting my grades i know im underperforming leave me alone ._.
I’m Nigerian, and although I think that the French currency should be changed, I don’t think everyone should change their currency to the eco. The economic climates of West African countries are too different to estimate a value of this eco currency, and it isn’t going to cause many issues.
Another thing that makes me uneasy is how the French. If the French have so much influence as this video entails, then changing the currency is only covering the problem up for a while, not solving it entirely. I’m going to do some more research as I’ve just been introduced to this topic, but this idea just makes me so uneasy for some reason.
Have faith in your people. The anxiety comes from the white people who sowed doubts in your mind in our abilities as a people. Have faith we can do for our selves. 😉
My man. We are not our leaders. I would like africa to finally get the economic growth and thought indepence it rightfully wants, also because maybe it will stop immigration into europe, finally ending lots of hypocritical policies by eu radical chics.
I'm italian, yet i hate france for precisely this reason.. We are in 2020, colonisation and unfair economic explotage must be stopped, plus if it gets the french in the dirt i'll laugh my ass off.
@@lorenzogiorgioni9001 you’re Italian, you don’t hate France for that reason lmao
@@SanLeMans LMAO
I do not think West Africans should be worried about any French political response.
1. Europeans, with rare exception, are rather convinced that the mistakes of their nations' past imperialism are regretable. There is even a certain amount of guilt in some sectors, particularly on the political left. The French people do not actively support imperialism.
2. The economic gains to France from its West African ties are not insignificant, but France also throws lots of money back towards Africa in the form of aid and development funds - quite a bit of which, I understand, has been squandered by certain corrupt leaders in certain nations over the years. This means that political support for maintaining those economic ties is probably quite weak.
3. France is presently confronting two major crises and will be for quite some time into the future. They are: (a) The rise of a far-right nationalist movement which does not have a majority but has more power than ever before - a movement that is fiercely anti-Islam and often anti-immigrant, and (b) the crisis to European security that a much more aggressive Russia now poses to the continent. In short, France is too busy to worry about any nostalgia for "la France Afrique" right now. In fact, maybe it would be easier for them to cut all remaining ties and obligations.
It will be messy at first, difficult in the middle but certainly worth it in the end.
By all means try.
Don't be stupid
Let the foreigners Go, we don't need their Colonies.
Love Africa 😃
It makes real Economic Sense...
That's why the Dollar and Euro dominate.
¡ Yeb Bush ! Ahhhh a troll 🙅🏿♂️🙅🏿♂️🙅🏿♂️
EXACTLY, I think it's worth the try for the people's of West Africa. It would be beautiful to adopt this as policy for all currency on the entire continent to work in tandem with the Pan African Passport.
It will be messy and I also agree with the statement "don't try, just do it" no matter the troubles. Because France isn't going to just sit back and let you self-determine. They will do everything in their power to undermine from the shadows. With a mentality of "try" you are likely to mistake their sabotage for your failure.
White supremacy is about white hegemonic power. Black independence does not fit.
Libya Gaddafi may be dead but his idea of revolution of change from the western yoke is still alive and well. African currency was his dream.
@Stephen Jenkins then it is france that needs to quit Africa
@Stephen Jenkins agreed they need to start somewhere. Only time will tell what their capabilities are
@Stephen JenkinsIf you think Gaddafi was stupid please watch the video, The confessions of the economic hitman on minute 27:00 just to understand and come back with your opinion
@Mfurayimanzi Ndayisaba Africa must unite🎶🎵🚢🦁SEE Dr AC Quao of the African union speaking to the diaspora!
@NEGUS ASKARI HODARI Well said.
Kwame Nkrumah is smiling in the after life if there's any
The main reason Nkrumah wanted united Africa was because he wanted to become it's ruler. The way he ruined Ghana was a disgrace.
Greetings from Turkey
Africa must be free and independent!
I pray for your success.
Merhaba. Thank you
You're coming from an oppressive colonialist country as well so it's good to hear you speak in support
@@nosequiters Turkey is not oppressive anymore.
That is Western propaganda.
But yes, the Ottoman Empire was a colonialist empire.
But that is in the past.
What we seek are partners now, but the west is sabotaging it.
@@Doan84 Ottoman Empire never had colonies. These territories were directly annexed or were just puppets
I think the adoption of the ECO will be a great thing for West African Countries, finally free from financial colonial control.
I think we should have a currency for the whole of Africa not west africa alone.
Not All of them were Cooperating
That's the #Fact Bro
Hmmm
If France was not benefiting from the single currency there would be war in west africa. The single currency is leading to a single currency for all of Africa and one world government.
Kayode Edmonds yes but I have a feeling that these African leaders are playing into their games
Am a JAMAICAN- AFRICAN ,WE NEED TO UNITE AND BUILD AFRICA . AFRICA ONE CURRENCY.
Our Jamaican brothers and sisters are most welcome. Please feel free to come and join us in building our continent.
That's the ultimate goal.
Your right shouldnt be for west-africa alone.
@Moor Wakanda Really? Who built the Pyramids of Egypt to start with? Also there are many Black inventors. Read n learn my friend
Afrika, One Currency Indeed
IT IS EASIER TO WORK WITH YOUR BROTHER THAN WITH A STRANGER. “Christian Thomas”
Unless your brother is from another tribe and thinks youre bad for falling out the wrong vagina, while the US, China and Russia all give him money to hate and fight you so they can take things from him later when he's weakened and without a brother.
"a german observer"
Not in New York!
sadly your more likely to be taken advantage of and used by your brother than by an older wiser benefactor
Best of luck to Africa in this quest ....☺☺
Love from India,
Thank you India! Much love to you.
Particolar people, i love india
Thanks india love from africa
If you all really think Indians love Africans and wish them well ask how they treat dark skins in india...they have a caste system and they even have people of African decent over there they treat like shit. Do be fooled.
Keep your luck we don't need it.
Is 2019 time for them to control their own life wakeup people of africa
Sure
😔FACTS...
Time for all decendants of Africa worldwide to wake up and come together
Heather Larson you know that Africa owes China $142 billion. China just want a hold on Africa’s rich resources. Don’t be gullible.
African CZcamsr REACTS to Stormzy - Disappointed czcams.com/video/tlTDjBLTpvc/video.html
You cannot organise people who are asleep , you have to wake the people up first before you can organise them ..Malcolm X
Sometimes when the sleep is too deep, you have to inject an awakening dream into the consciousness of the sleepy ones, to usher them onto the organizing platform.
True
Trust the awakening is happening globally
@@BitotaNkongolo-ws9wd That is why Booker T Washington said it is easier to raise strong children than repair broken men
Kato S 100
The whole continent of Africa needs there own currency
That's why they killed Gadhaffi...
Africa is not ready for a single currency. Some countries are rich and others are very poor, and others are disorganized. A single currency would be a mess!
Africa needs Africans who love Africa more than other continents and demonstrate it by spending in their countries on their products. Africa needs skilled labour, and industries, infrastructure. We need roads to link Africans to each other. We need to buy what we produce. Not to buy from .Europe and Asia like damned fools.
@@denismutabazi are you then suggesting we remain the same. One currency would allow for more trade, farmers could sell their produce anywhere in Africa and grow the economy. Why should Kenya import maize from Mexico when its plentiful in Malawi?
They are waiting to God
@@denismutabazi if all Africa is not yet ready for one supernational currency, what about an African currency for trading as transition? So we can get rid of the US dollar also. Anyway, I remember that here in Europe, before adopting the Euro we had a transitional period where both euro and the Italian lira for instance, were used.
As at time of posting. I'm your newest subscriber and absolutely loved this video. This is my take, No matter the "consequences" it is long overdue that we relieve ourselves from French and all foreign financial strangulation. I live in the US and serve in the US Army. A while ago one of my colonels was talking to us and said the US doesn't get involve in Nigeria and Africa's wars and conflicts because "What does Africa bring to the Table?". I was so offended by that and stopped him right there. I pulled up statistics of all the countries that feed off of Africa and everything they take out from oil to gold, diamond and all sorts of natural minerals that sustains their engineering, medical and pharmaceutical industries. I gave them a historical lesson of our decades of continental exploitation and manipulation and told them a younger generation of African are coming and will change that. By the time I was done you could hear a pin drop if it did. They were all silent. My last sentence was "Africa doesn't have to bring anything to the table, Africa IS THE FUCKING TABLE"!!
Then I decorated you with the (Purple Heart) for your patriotic speech hai Africa
T. Jay - thank you for delivering that needed message, they get it all F**K Up - without AFRICA the world would not exist.
Speech my brother!!
Man I just like you for this. Long live Africa
I’m an African American and I got chills after reading your post. Thank you for this. Africa has been the fucking table throughout all of history.
Good or bad, Africa needs to take back control. It might initially not work, but in the long run it will work out beneficial.
Why are we so quick to trust others and not eachother??
Corruption is strong in africa
@@taventube2151 Believe it or not its no more corruption in africa than the rest of the world. Media wants us to believe that. Look at the snakes and foxes in america. They say one thing n do another all with a smile.
@@mrsbusiness1 do your people even have any control over the government
@@taventube2151 Nobody has control over there government. Look at what happens in the U.S. The people are just dragged along.
Bribery corrupción, the economic power of the African Elite. It's a formula that has worked almost in all countries of Earth
Subbed!!!
Lots a love from Jamaica 🇯🇲🇯🇲🇯🇲
It's better to try and fail than you don't try and failed
Base on indices there will be no failure African economy is back by solid thing not speculation like Euro,dollars and pounds.
@@watchingthehawks355 Add your optimism to prayers. We'll know if God ever had any special place in his heart for Africa.
@@firstblessings8777 Prayers to which gods? Last I check Africans had been praying to foreign gods.
Let's start with the ones we know. Every civilisation I know worships a God: White, Asian, Arab. Start with the one you have.
As a black personof African heritage all can say us way to go Africa well done take your destiney in your own hands
I wish I knew more about monetary and economic policies to have a solid opinion on this.
However, if by adopting the ECO the countries can hold their future in their hands, then I'm in full support.
We need to be fully independent to craft future and be held accountable for our results.
#thinkbigforafrica
I really respect your post. It takes an adult to admit their limitations. Especially when it comes to various policies.
Then you posted a general but sound hope/wish/prayer. Props to you and your comment. A comment that too many, are too ego driven to post.
We need one currency for all of Africa. European nations is only interested in exploitation of Africa and African people let France return Africa's billions
"held accountable for [your] result",absolutely, when it mess up then rest of us can tell about it's not the white man who is caused the problem.
@Meg megie or really abuse girlfriend. The word "reltionship" would've sufficed.
While im still studying economics, i can tell you two big problems: 1)Because of the large spread of different performing economies(example, burkina faso vs nigeria), there would be strict polices to limit gov't spending in poorer countries, which would prevent them from growing as the other countries in union. 2) Like europe, there would be a centralized committee to oversee every countries central bank, where bureaucrats and elites would dictate the rules being set.
The end of the old currency is a good thing and there is a real chance these countries would trade more, leading to many countries having stronger economies and connections. They could raise the bar for the whole region, but as these countries are notorious for self-serving "civil servants", the risk of corruption is high as well.
Only time will tell if they benefit, which i hope. Africa must rebuild from within
No pain no gain it has to have a beginning for the greater good.
The entire Africa should have one currency. This is a start and I am excited and pray it works out.
Africa is too big and diverse for only one currency, but closer cooperation between every nation on the continent is the way out of neocolonialism.
Before seeing your comment I just said the same thing. If France is handing over their currencies over to Nigeria you better believe that Fred still has their hands in the pockets of some of the 13 countries that are still using the Franc
NO
We've got the Shilling used in East Africa
Grandsome are you African if not please be quiet. Africa will develop Africa
Keep up the good work educating our people. Great video. You just got one new subscriber ☝️
Thank you! Your support is much appreciated! Please don't forget to click the notification bell so you can get all our new videos
@@NewAfricaSure i did 👍
@newsAfrica adoption of one Eco for all west Africa is not a good Idea at all. If this happens it will the beginning if poverty in Africa. Please my Franco phone west Africa leaders don't adopt this Evil currency proposed by the stupid and clueless Nigeria government. Nigeria was OK before sterling was barbiturated. But when the Naira came on board what happened. Now you people want to change from CFA to Eco. Please don't do it.if This will be the beginning of inflation and poverty in Africa.
The Europeans sock our blood,,, and call us fools,, ,,,,,, GOD bless the Eco,,,,
Two
Never really understood this until now !! is there something wrong with us Africans ...its great things are changing BUT why did we let this go on for so long ????
Daisy, yes, something is wrong with us!!! We must realize this and be vigilant to change.
daisy uyirwoth same here...only knew about this second colonisation by France thru the CFA last year...These Franco phone countries need to wake up. No former British colony will accept that kind of 'slavery' arrangement with a former oppressor.
daisy uyirwoth leaders who speak out against WS normally end up assasinated
@@nigerdeltamirrortv9311 The former british colonies DONT KNOW how France NEEDS her colonies.It is not the same for Great Britain.France will not leave its colonies without a big fight(I mean WAR!)
@stk stk I'm from the US and I don't know what that means
😭 I’m so happy for Africa. All the good news I’ve been hearing is coming from Africa. I am so excited to see this come forth. Hopefully all Africa will unite and than the diaspora. If you lead; we will follow❤️.
If Europe use Euros, shouldn’t Africa use Afros?
But it's the name of a hairstyle
The Aero is a better currency name tbh
After adopting our own currency, let's us also learn our own language
Edrissa Kebbeh too many languages which one to learn . Nigeria has over 500 languages.
Nko
The one that's already used by the most people across the continent. Swahili
@@topmedicalshop where did you learn that?Every village with its langage?
Daouda Ba google yes some villages have their own language and sometimes a village may have two languages, one for men and the other for women . There is a lot going on in a continent that you can’t assume you know all . I am so confident you don’t know all about the country you even come from . As a matter of fact , Papua New Guinea an island of 8 million people has the largest number of spoken languages in the world.. However Swahili is spoken only in eastern African Goodluck getting everyone alone to make that the official language when the people can’t even get along to elect a simple chairman in a county :)) .
Go Africa, slowly we will get to the top, we’re on our way...
Aida Faustina But, ur politicians are corrupt. Africa have a potential to become a next superpower.
@Jay What's up?
We won't se a single Africa but 3, west africa, east Africa and central/southern Africa
The idea of a unified continent is impossible but as we're seeing now with the ECO and Eastern African federation is that Africa will be stronger but in separated countries
@@Azknowledgethirsty i don,t trust somme frence speaking countries like senegal they would never leave the fromage,whisppering will continue between them and france,saying to them you,re better then them,we shall back youup,every will see,hope this will not happen
Please wake up! Inflation will come, corruption will not come as its plenty there already! Look at this leaders, they not even able to have proper elections. No member state satisfies all three criteria for adoption, i guess its a good start LOL!!!
God cannot be silent for ever. Africa shall rise,
Back it on gold and Africa will ride strong with no Dept 🌍❤️✌️
The french African countries should just leave the CFA like Guinea did, why is Ghana and Nigeria forever saving west Africa
Don’t waste your energy, Nigerians has a problem controlling their own currency!
@@SuperKwame1 Exactly. it will a certain mistake.
Better to be dominated by Nigeria than France. We are all the same people. Why is this concept so hard yo understand?
@Some John Doe keep your opinion to yourself .... I'm Nigerian
Pietro Jenkins I pity you
That's right absolutely
No one is dominating anyone they are coming together
It is not by big size, but by productivity. If they produce their own goods and sell to Nigerian big market. They will become wealthy in no time.
Eco currency for Africa is the way forward
The AU said it will come in 2020.
they shouldnt restrict it to west Africa but reather the whole of Africa.
Dumb fool's read learn WHO CONTROLS the currencies WORLD WIDE, Africans don't control nothing on African ,PERIOD STOP watching whitewash televised propaganda know as Africans television's networks , every single African leader's is there to ENTERTAIN and giving the illusion of choose to POORLY educated AFRICANS WHO believe and dance thinking they are free and in charge while a second colonization funded by who made the first STILL full speed ahead , is home work to known WHO'S AFRICA, WHO'S AMERICA WHO'S EUROPE WHO'S Asia WHO'S OCEANIA WHO'S SOUTH America,
@rdokoye cant a west african initiative be extended to the rest of Africa...we want one Africa not a regionally divided Africa...regionalism to me is a phenomenon pretty much like tribalism or racism..Nigeria is the largest economy in Africa so any currency used there could potentially be practical in terms of its usage across Africa
@rdokoye That is true. As of now, there are 15 western states in Africa that are part of ECOWAS.
www.thoughtco.com/economic-community-west-african-states-ecowas-43900
As an African American this makes me proud.. Get on board Black America..
@Bio Wiz9 sad thing is, You have no clue on what I know and where I've encountered.. Its quite an ignorant gesture to insult me w/o remotely asking if my experiences with the people of each country from Africa... You actually sound like a white supremacist... The next conversation we have I pray thats it productive... This was not correct my friend
@@skillz1855 Exactly, i am African American but my father is from west Africa and currently lives there. Even though I am in the U.S., my knowledge of what is happening on the ground there is even higher than some who are from there. I literally support a huge chunk of my families living expenses from here. Making a blanket assumption about someone is ridiculous and screams ignorance. I guess because he encountered a few tourists who didn't know anything, he just assumed every AA on the planet is the same. What idiocy.
@@skillz1855 great response.
@Bio Wiz9 Wtf, Insulting somebody who wants the best for Africa and Africans.
What a nasty individual you are.
@@skillz1855 He doesn't speak for all africans brother. We all understand the circumstances AA face..
I had a long chat with a cleaner in a airport lounges in Stockholm. He told me about France controlling the currency of many African countries and that France would fall in the ranking of rich countries if this system was abandoned. I found this so interesting and here I am, a new subscriber.
I talk to people everywhere and get different inputs that help me understand the world a bit better.
The money deposited in France to support the stability of the Franc CFA currency isn't "French wealth". It's just a deposit, it still counts as reserves for the participating countries. It just happens to be stored in France to guarantee the fixed exchange rate (peg) to the Euro.
Look at Zimbabwe if you want to know what happens when a African country abuses its currency.
That's a good philosophy - talking to people gain to insight on the world. Change for the better always starts with knowledge! I wish to adopt that philosophy and dare to talk to people more one day
Nigeria is a good risk and closer to home.
Exactly what I thought.
Awww.. How cute. Our politicians can now rob us Nigerians and rob other African countries too ☺️
@@deadman4150 😂😂😂😂
Nigeria is a sell-out if they chose Nigeria then that's because like the commentator said they always find pliable leaders that they can manipulate in Nigeria so no I don't trust Nigeria and it doesn't make any sense for people to say is better to be ripped off by your own brother than a stranger it's better not to be ripped off at all
The idea is for all African to come together as one , , one president. It doesn't mean that the president have to be a Nigerians, president can be choosing from any of the country's. Like USA ..... To meet the conditions of one Africa we need Nigeria or Ghana because they have higher reserves, . Got nothing to do with controlling.
End of France dominance in West Africa
*CHINA : Ahhh! Free real estate*
@Neon Dawn it already happened kid.
পাগল লোক
Europeans nor Chinese will control the upcoming Africans. You might as well find something else to brag about.
Don't end up like the USA in debt to China
@Neon Dawn Need to go back to your studies. Africa has some of the largest populations of youth in the world. The Chinese have historically contained some of the richest empires in the world. This makes sense.
I remember using this CFA currency in Senegal last year and really wondered... Thanks for enlightenment
Yes, West Africans needs it’s own currency. GREAT START.NOW GET IT DONE.
This is not a West African thing.. this is Africa as a continent. We must have our own money.
Writing from India. Love to our African Sisters and Brothers. Nice idea to get away from the yoke of neo- colonalism. This video could have been made more comprehensive by telling about the challenges of common currency.
Bhuvan Ningania what are the challenges of one currency 💴, kindly shed more light?
@Starlin Peña coz most of us don't really like them in our home nation. We respect them though.
Is in Africa advantages, the only challenges l could think of is France coming after us but once our security is tight no problem. If you INDIA can do it, so we African can as well ok.
As an Indian, good job Africa! Free yourselves from the colonial powers and shine on the world stage!
Like United India Africa and African should stay united or others powers will make you slaves destroy you culture and economy and leave your country destroyed .
India superpower by 2020.
Michael Simmons 💯
Brad Smith you should probably find something better to do with your time BRAD.
@brad smith do you know how Indian Government is treating Africans in India. You should ask any of them over there they will enlighten you
Wonderful channel! Keep in your good work my man!
This is not a CZcams video ,this is a module in economics and politics degree . Thank you.
One currency for ALL of Africa is a good idea
🌍ONE PEOPLE, ONE CURRENCY. ALL OF AFRIKA "UNITED AS ONE..🇪🇹
France is behind the eco. It is the CFA franc with a new name called eco.
Tim Tim no France is not , why do you think Nigerian will leave its monetary policies to France . You must be kidding. Ask about lafarge and Dangote cement battle .
Tim Tim so you think Nigeria will leave her monetary and go under France ?omg
@@timtim5933
I know you follow french speaking channels my Cameroonian brother, but I can assure you, contrary to what you might have seen on Francophone channels, France has no control over anglophone countries. Rather France seeks to position itself favourably in the new arrangement. Nigeria, in particular, will never sign a semblance of the Franc-Afrique which francophone countries have. And if Nigeria backs out, Ghana will follow. Eco is a positive development, primarily because of the involvement of the powerful anglophone countries involve. If that were to happen with the (political) Central African states, comprised of francophones, your accusation of merely change of appellation would have stood its ground.
YAHUWA Bless Afrika
I can't believe it took this LONG. It about time, they should quickly get rid of all the COLONIAL LANGUAGES TOO
my friend, colonialist control the world, your country is just one sanction away from economic turmoil, do you know where you get your medicines, your cancer apparatus, and all vaccines?
Chris Seli you have read my mind,, oh my god, how can our so called leaders were so comfortable with this??
@@calvoh9715 wat kind of question is dat? Are those for free? Wat abt the resources ur kind is loothing every day? 😎
Bjarnþór exactly
@@calvoh9715 What would happen if colonialist attempted sanctions on one AfriKan country but Afrika refused to honor the sanctions? It is easier to break a finger than a closed fist.
i really appreciate this channel. I could have used this in college! So much good information. Your channel lays out basic concepts in a very easy to digest format. Please keep it up and much respect from Minneapolis!
We should reject anything to do with France , including their language
Onesmus Muchemi are we gonna unlearn English too?
A certain Libyan leader tried this way before and look how he ended up
But would they kill 10+ leaders ...and watch over 20 million African flood Europe ....
Maybe
But Africa needs an allie cause she needs to fix this fuckery today or it will be devoured!
France must burn :/ so Africa can live
France must not burn. Like no place shall burn.
Africa must be free. Like every place should.
@@affentaktik2810 ah, i wonder what your opinion would be if you or your ancestors lived under french colonial rule? France is up there among with some other european countries notorious for MASSIVE and MULTIPLE genocides, assimilation, causing war between tribes they ruled etc. Of course you wont hear anything about these at all, because the media is mostly ruled by these very same genociders, assimilationists and colonialists. If french and many west european countries are so rich, it is partly due to those resources they leeched from the Africans.
Thanks to the U.S. interference
African CZcamsr REACTS to Stormzy - Disappointed czcams.com/video/tlTDjBLTpvc/video.html
••••••••••••••••••••
Yes it's good idea to make French leave our Africa alone
❤
watch this video.
czcams.com/video/u-6JRWy4WD4/video.html
Yeah an end to domination by anyone be it France or Nigeria.
What the u have against Nigeria?? Nigeria is the only hope the French countries have.. With the influence and economic power of Nigeria they will be free
alistair kaja has Nigeria ever dominated you or anyone else before? Maybe we should leave you to remains in your French slavery.
My heart jump for joy when i hear about about getting one currency... am over joyed that usually make my eyes tear...uts the best this africa could do for mother africa.
But not change yet still now cfa been using till today
I love the switch Empower yourselves my brothers Africa United
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
Much love, Africa. Take back what was stolen from you. You have the power.
I am from the Caribbean. I think it is an ambitious and fantastic idea. In the end its success will come down to fiscal discipline , wise economic guidance from the political directorate and Mother Africa's ability to resist the inevitable Western interference
Good luck with all that. Who is financing it all? The same bankers that control France's money control Africa's money. IMF. Meet the new boss. Same as the old boss. I do agree with you regarding what is needed for success.
you should be more worried about chinas than western influence. not to mention millions of Africans live in our countries. would you rather Europe cut its ties to Africa and instead look to RUssia? Russia has all the resources to sustain a modern industrial economy for centuries. Europe doesnt in reality need Africa or anyone else. we have everything we need between Brest and Vladivostok.
iv always advocated for a united europe from brest to vladivostok. where would africa turn for technology ? China? and what to do about the millions of Francophone africans will you give up the common language that makes communication possible over such large multi lingual countries?
Well Africans accept foreign aid. That would need to be stopped immediately if you truly wanted to be free. How many economies would completely collapse? A few I'd wager.
I just recently discovered your channel and I must say, I'm impressed. I understand the scepticism that people have for the Eco, but no matter how bad the negatives of the adoption of the Eco maybe, it will always be important and more beneficial to be a part of your economic decision than to outsource it to France or any other world power. Plus, the Eco will naturally facilitate trade in West Africa, something the existence of the CFA has hindered for so long. Great videos!
Great idea! I sincerely hope it becomes a reality. Sever all financial links to Europe. Bloodsucker! All the countries of the Caribbean should do the same too. Still have the queen's bust on our currency, yet we claim to be independent countries. Go for the Eco! I say.
Exactly ✊🏾
Fantastic idea, i love it when Africans are sharing things in common.
Look at the impact of dangote industries creating jobs all over Africa.
Tony elumelu for the past 7 years has been funding 1000 African entrepreneurs with $10,000 every year through the TEEF program.
This is just few of many examples.
And then you would realise that if Nigeria grows, Africa grows.
Nigerians have never been known to eat alone.
solomon obihan thank you for this bro
For over 50 years Nigeria has been known for using it blood and treasure to uplift west Africa and the entire Africa at large go around West Africa u see road build with Nigeria money while Nigerian's don't have good roads them self's every country in West Africa including Liberia and seria lone that is just recovering from a brutal civil war have stable light in their country's supplied by Nigeria gas while Nigerian's them self don't have light in their own homes across the entire country, so for me as a Nigerian I think it's time West Africa and Africa pay some thing for Nigeria support if this eco thing is to work. But if it's still set up to suck the hell out of Nigerian's, I don't won't it to work. because we Nigerian's have surffard enough for this African project that has worked against us from the start. there should be a garantee for Nigerian's in some way, or they should go it alone we Nigerian's don't have anything to lose, but they do because we are already an independent country, with are own strong monetary system and don't forget that as it is right now they already pay more in every way to France for keeping their money with then out of their own wishes because of the dumb deal they made with France I don't get it who where the people that made such deal with France they're supposed to be in jail right now all of then that got this most stupid deal on this planet put together. that u can keep money with another country while ur country go hungry and no interest comes with it and still they find it hard to get out from such deal, I don't know what goes in the brain of this so called french colonies? If Nigeria don't go into the same monetary union with them I think is better for Nigeria because as it is right now we already pay 70% of the coast around here, think about what it will look like when we're in the same monetary union with them? we Nigerian's are going to pay for the decades of the economic vandalism the French brought them, that is to say we always clean up there mess.,.. from my understanding this is a wrong deal for Nigeria to enter into with this countries Nigeria government needs a very good study's before u put Nigerian's in this problems we can't bring are self out from please.
@@gabaski1885 the idea is to improve the whole African countries, we wil become one African, put our money together as one country instead of borrowing money from China, France, USA etc , with higher interest. We we have enough money to develop our country and investor's can come to Africa to invest once our reserve money is high. Also it 'll brings open markets to all African, no borders closed Togolese could bring products for sale or get a job in Nigeria same Nigerian can go to any Africa country to live , work or trade, so free trade, .
I think Nigeria has enough diplomatic and geopolitical experience to know how to negotiate, give a little, receive a little, for the region to increase it's global influence and trade.
Adriano Sverko, you’re right but the political sincerity and wheel power will be key 🔑
France is killing us daily
If Nigeria like all of it's sister African countries are to grow and prosper they will have to get rid of that white poison virus plague called jesus Christ and Allah first. Real talk.
@@mushmanpeets7867 .
No conditions do what is right.
You’re videos are always amazing and well informed. You just got a new subscriber.
Love to Africa ❤️ From New Zealand
One Africa means one economy, one people. That is how we can compete with Western giants. Each African country on its ow is powerless. However together as ECOWAS, we are STRONG!
Ecowas is west African not whole of Africa
100% Agree with one currency and would go further to say the whole continent needs to adopt one currency and create to government where the old colonial boarders are wiped away & used as regional areas working for the good of all. Development of infrastructure for trade & sharing resources to enhance the lives of millions of our people.
@j t Asia has nothing to do with this topic, and would highlight the very sad stories of all colonial history caused by the same people......
And all that have kept themselves together have done very well so why should Africa be any different
@j t One must never forget the past, every battle lost or won is remembered? As with everything we learn from the past to ensure you dont make the same mistakes
Asia has done well by doing its own thing based on lessons learned from the past, as will Africa the facts remain that we are resource rich and have nothing to stop the progress to the top once we shake off the shackles of the past which means remove all the nasty remains and move forward
@j t No my friend we must do it by our selves , as it was in the start so it shall be in the end
I know all about the uk and they also never forget the past or forget, the Brexit issue has got the far right rising up currently
I just came across your page, thanks for the education of our continent - I hope that one day, one currency can be used for the whole of Africa ✊🏽
✊🏿✊🏿
all Africa needs is one currency
We are so proud of Africa.
It's time for Africa to walk in it's own light.
We are not part of the whiteman's burden...
Full support from poland. Just attention with the "yellow" and the red bear
Yes, it is a great idea, one more step towards an independent and economically viable Africa. We must not let those who have historically disrupted our continent disrupt our future. ONE love from America! ✌🏾
you are a idiot. move there.
FYI this is slavery, you'll see.
@@captainpinky8307 Ok thanks for the love ✌🏾
@@captainpinky8307 Stfu Neanderthal
It doesn’t matter where I’m from, this is the right move for our countries and I support it as long as we all prosper as a United region! The United Economic Communities of West African.
Just found your Chanel,love it💯💯💯
Happy to see a balanced view portrait in this video! I hope you reach an even greater audience soon :)
Let Nigeria take over West Africa! It's African. Why would you want a currency tied to the coloniser, to a region of non-Afrikan people. So, yes, I support this!
Cave watch this video.
the country's involved in the ECO is Britian, Netherlands, European Union (EU) and USA-AID world bank.
czcams.com/video/u-6JRWy4WD4/video.html
have you seen the corruption in Nigeria? not really sure its smart to let Nigeria control more than just its own country
@carsonc29..... Stop sounding like a white colonialist that u are innately are
The level of atrocities of France in Africa over 400 yrs Vs. The level of corruption only within Nigeria over 50yrs.
Commonsense tells me that that Nigeria is a better alternative. Let's forget that France is a promoter of this corruption in Nigeria as well as these other West African countries too !!
So in essence corruption is not limited to Nigeria alone BUT to da whole West Africa and France da instigator of it.
@@scottola2497 um no...France isnt promoting corruption..dont pass the responsibility to someone else..Nigeria and West Africa need to own up to their short comings..dont pull the victim card
Well the reason you'd want a currency tied to Europe is because Europe is probably the least corrupt place in the world. They'll keep the currency steady no matter what. Sure, it might feel weird but there's no chance of hyper inflation, embezzling or other mismanagement. If the ECO works out it'll be great but there's a very real chance it'll fail and drag every member nation's economy with it.
This is great. Please make more videos. Please discuss opportunities of business with Asia, connect topics to Balkans, Latin America, Scandinavia, Latin America, Asia Minor. Good luck brother.
Thanks for your support Adriano. We've got more videos coming down the pipeline so watch this space!
This is very useful, thank you.
Great Content. Thanks. Please keep the informative content coming.
- A New Afrikka.
Let our own blacks pple dominate ECO Nigeria
France will not accept it without a fight(I mean WAR!)
Daouda Ba which war in this modern era means there’s something to it if France so stupid to fight..
Sorry!!! I did not meant it that way.. Africa I should say
Daouda Ba we must take this idea out of our head
@@daoudaba1628 that's why fighting persists In Mali, Bukina faso where France is sponsoring terrorism to stop west Africa getting their ark together to forge a common ground.
Love it Africa will rise Africans all around the world will rise
🙏🏿🙏🏿✊🏿✊🏿
Thanks for the important information, the one currency is a great idea for West Africa
It's all starting to come together. It will be a chain reaction my queens and kings over in Africa we here in America are with you. Re.ember that we are. It these bodies but we are all energy now we must soar together.
We need to keep up this conversation
I'm a 62 year old Afrikan/Jamaican, I'm so proud to see Afrikans uniting and rebuilding, after been ravaged by White Supremists
Yea 50 years ago? ¿
@@BringDHouseDown yep
@@BringDHouseDown Interesting how europeans keep making excuses and running from their responsibility. check this for example blogs.mediapart.fr/jecmaus/blog/300114/franceafrique-14-african-countries-forced-france-pay-colonial-tax-benefits-slavery-and-colonization
@@connorlehne526 The damage still lasts afrolegends.com/2017/05/01/the-11-components-of-the-french-colonial-tax-in-africa/
@@BringDHouseDown shut up and sit back and watch who has control now.. thats the past
Great great video and great voiceover!
I think the adoption of one currency is a good idea.
We don't need CFA or Euro
All leave us in Peace.
The eco is the euro, the outlook is the same and the name similar
Like all things that appear advantageous we must be cognizant of the unintended consequences. Before implementing a single currency be sure to satisfy the three necessary criteria mentioned in the video. Also put in place institutions that will maintain regularly scheduled audits of the risk controls required to maintain the ECO as a viable single currency and market place.
Wow! This is an amazing out come!
Very informative video, thank you!
One official on CNBC said that over 70 percent of trade in Europe is intraEuropean and accounts for trillions. This video projects the Eco to increase intraAfrican trade from 10- almost 30 percent. The amount of wealth to be created will be unimaginable
I'm 100% in support of this idea. It's hight time Africans decide what's best for them, and use a single currency for the benefit of all.
you mean best for the corrupt politicians, leave that one thing under the white hand!
Just subscribed to your channel and a very educating topic. 🙌 Eco is here to stay
A step in the right direction!!❤🙏❤ Please my people, be supportive and stop putting negative predictions on the future of the MOTHERLAND! You vibes can affect change so be careful in wording your comments! THIS CHANGE IS GOING TO WORK! PRAY FOR A UNITED AFRICA WITH ONE CURRENCY FOR ALL!!!❤🙏❤💞💞💞💞
As a direct descendent of 🇨🇲 i agree the Mother land should freed of colonizers and all they bring with them. (ECO) from now on! Lets make this happen AfricAn brothers n sisters.
keep a good work Africa!! I hope all you will soon get more prosperous and stable. greeting from Indonesia!!
👍🏿
Thanks for the education, it’s a good idea, in order to improve we need to makes mistakes,im 100% sure that Africa find a away out of this oppressors...
We africans need not only our currency but our own world...
The mere changing of currency is not the solution. The behaviours of the institutions are far more important than the symbolic currency change. Our institutions should be strengthened to stand the test of time; speak truth to power and hold corrupt politicians accountable
Independence is worth the risk. The other risk is staying dependent on former colonial oppressors. The choice is obvious. Independence!!
Independence? They're already independent but loose a part of their sovereignty when they depend on others for monetary supply. This is like changing hands from one master to another! Nothing will change except instead of France, it will be Nigeria. And the Naira is still dependent on Oil so they would be dependent of the price of Oil really.
We got nothing to lose....death before dishonour
I love this channel very informative
Great job I am really educated by this post !
I am an Indian and understand your problem good work my brother
I am watching as many ads as possible to support this channel
Great video
This is truly awesome! Inspiring to see Africa's development!
Africa could be seen in the future as on nation. The United States of Africa.
That's what I'm waiting for then after that I want to see more women involved in politics not just men I want to see their laws changed towards women because women don't have no rights in certain parts of Africa and that's the only thing that keeps me from wanting to move to Africa I'll visit but I'm not going to move until I got rights and protection because I don't want no man to have no power over my body and do whatever he wants to do the things that they're trying to do here in the United States that I will not stand for
@@truthfulrating5802 do you think the hood lums that run rampant in africa would care about a law they would still do it
I don't think that possible, the division of culture, relegion, language and tradition is to big.
The reason it work for the USA is because it start from a melting pot of Europeen culture and was a natural evolution .
At minimum a division for religion I could, 2 country:
- a muslim north
- a christian south.
Adolf Hitler who cares about what you accept.
Watch it happen sucker. You can’t stop what is destined to happen.