(December 9, 2024)
According to the bloc, the departure of Burkina Faso, Mali and Niger becomes effective one year after the announcement, in January 2025.
The trio have formed the Alliance of Sahel States after severing ties with France and pivoting towards Russia.
Gut zwei Monate nach dem Militärputsch in Niger hat Frankreich mit dem Abzug seiner Truppen aus dem westafrikanischen Staat begonnen. Der Generalstab bestätigte der Nachrichtenagentur dpa, dass der Rückzug heute losgegangen sei.
(September 25, 2023)
“We are putting an end to our military cooperation with the de facto authorities of Niger because they don’t want to fight terrorism anymore,” Macron said regarding the military leaders who took over rule of the northwest African country.
(August 6, 2023)
Niger is a target of imperialism for many reasons. Its natural resources include uranium, which supplies up to one third of France’s entire electrical grid. Yet Niger remains one of the poorest countries in the world with the majority of its over 27 million people lacking access to their own electricity. Niger also holds strategic importance to the U.S. military as a hub for its drone operations in Central Africa, used to maintain U.S. influence in the region as well as assist in French military interventions.
In addition to 1,500 French troops, there are over 1,000 U.S. troops stationed in Niger, which the U.S. government now refuses to withdraw, despite the security agreements between the U.S. and Niger being suspended and multiple European countries evacuating their citizens. The U.S. military machine is digging in, hoping to restore the pro-imperialist government by whatever means necessary.
The CFA franc zone consists of 14 countries in sub-Saharan Africa, each affiliated with one of two monetary unions. Benin, Burkina Faso, Côte D’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo comprise the West African Economic and Monetary Union, or WAEMU, founded in 1994 to build on the foundation of the West African Monetary Union, founded in 1973. The remaining six countries — Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon — comprise the Central African Economic and Monetary Union, or CAEMC.
These two unions maintain the same currency, the CFA franc, which stands for Communauté Financière Africaine (African Financial Community) within WAEMU and Coopération Financière en Afrique Centrale (Financial Cooperation in Central Africa) within CAEMC. WAEMU and CAEMC account for 14 percent of Africa’s population and 12 percent of its gross domestic product (GDP).
Gabon’s dollar bonds due June 2025 and November 2031 were the worst-performing in emerging markets on Wednesday. The 2025 notes fell 8.55 cents to 84.74 cents on the dollar as of 11:48 a.m. in London. Shares in French mining group Eramet SA, oil and gas producer Maurel & Prom SA and a listed unit of TotalEnergies SE, which all have operations in Gabon, sank in Paris trading.
The coup of the 26th July 2023 in Niger was precipitated by the stated desire of former President Bazoum to remove the head of the presidential guard. Irrespective of the reasons for the coupists seizing power, the coup, to gain legitimacy, has tapped into a festering resentment against the ex-colonial power, France. French control of Niger’s economy through fiscal and monetary means using a regional version of the Franc (CFA Franc), with the collaboration of elements of Niger’s elite, has meant that France has the scope and access to pillage the country’s resources relentlessly.
As Niger has no control over its currency, it is unable to embark upon any form of meaningful development to lift or transform the living standards of the people. The CFA Franc and the fiscal and monetary control that France has over its ex-colonies is a scandal. It represents the rawest form of neo-colonial domination.
(16. Februar 2008)
Um die Ereignisse der letzten Wochen in einer der vielen ex-Kolonien Frankreichs plausibel und zusammenhängend für die Wächter der Öffentlicheit zu machen, veröffentlichen wir eine Dokumentation mit 48 öffentlich zugänglichen allgemeinen Quellen. Wir haben Szenarien einfliessen lassen, um oft taktische und für den Betrachter verwirrende Äusserungen der beteiligten Akteure in einen subjektiven Zusammenhang als einen möglichen Vorgang hinter dem Vorhang zu setzen.
Starten wir die Suche in einer Stadt, der einst unübersichtliche, geschichtenreichen Gassen und Häuserschluchten das Herz zusammennähten und die heute zu einer innen noch ein bisschen rauschenden, aber mehr und mehr dunkler werdenden Ansammlung von Zwiebelschalen rund um die noch mächtigen Flure des Elysée-Palastes geworden ist.
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Paris: …
The currency has been criticized for making economic planning for the developing countries of French West Africa all but impossible since the CFA‘s value is pegged to the euro (whose monetary policy is set by the European Central Bank).[3] Others disagree and argue that the CFA „helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow of exports and imports between France and the member-countries“.[4] The European Union‘s own assessment of the CFA‘s link to the euro, carried out in 2008, noted that „benefits from economic integration within each of the two monetary unions of the CFA franc zone, and even more so between them, remained remarkably low“ but that „the peg to the French franc and, since 1999, to the euro as exchange rate anchor is usually found to have had favourable effects in the region in terms of macroeconomic stability“
CFA franc. These two words probably do not mean much to most readers, but they encapsulate one of the world’s most enduring – and little-known – economic experiments. In the simplest possible terms, the CFA franc is a currency used by 14 countries of Western and Central Africa, all of which are former French colonies.