???? They call it “aid”—but it’s a TRAP! Foreign powers are looting Africa’s gold, oil, and minerals through predatory “resource-for-infrastructure” deals. This is how we BREAK FREE from debt colonialism and reclaim our wealth!
???? In This Video:
? The Hidden Contract Clause – How loans backed by your country’s resources turn sovereignty into modern-day slavery.
? China vs. West – Why BOTH are guilty of “debt trap diplomacy” in Africa.
? Ghana’s Fightback – How one nation renegotiated a toxic bauxite deal (and how YOUR country can too).
? The African Union’s Secret Weapon – The Debt Review Board that could nullify unfair loans.
? What YOU Can Do – Petition leaders, expose corrupt deals, and protect your nation’s future.
?? WARNING: Foreign powers don’t want you to share this. LIKE & SHARE before it’s buried!
Strategy
???? Join the Movement:
???? LIKE if you demand AFRICAN RESOURCES FOR AFRICANS!
???? COMMENT your country below – we’ll expose its worst debt trap!
???? SUBSCRIBE for uncensored investigations into neocolonialism.
???? Hashtags:
#DebtTrapExposed #ResourceJustice #CancelAfricanDebt #StopTheLoot #EconomicLiberation
?? NOTE: This is not anti-development—it’s about fair deals that don’t mortgage our grandchildren’s future!
#TheAfricaWeDeserve ?????????
The crushing weight of external debt is crippling Africa’s poorest nations, prompting a coalition of former African leaders, backed by seven ex-heads of state, to push for a new debt relief programme. Their proposal mirrors the Highly Indebted Poor Countries (HIPC) initiative of the 1990s, aiming to ease financial pressure from private, bilateral, and multilateral creditors.
The UN Development Programme has also called for urgent action, highlighting that a 60% debt reduction could save the world’s 31 poorest countries nearly $80 billion. But will global creditors respond?
Joining us to break it all down is Oladipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham. Stay tuned for expert insights!
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In Africa’s Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments.
Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. More than half of the money borrowed by African governments in recent decades departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these “odious debts” from which their people derived no benefit, and that the international community should assist in this effort.
A vital book for anyone interested in Africa, its future, and its relationship with the West.