By my reckoning, the rebranding of Central African Franc (CFA), which was the relic of the colonial French rule in Western African states. During the last few 48 hours, there is news of a new currency, which has implications, but also imperfections.
The ones praising this move is naive. The reason is simple, Emmanuel Macron or the French is still not giving way to power nor influence. They are still having their hand in the cookie jar. They are still involved with the inner-works of the financial sphere of the former colonies. They are maybe stopping the control directly from the National Bank of the French.
This move is to ease the pain of the past, but still the French and the European Union will have their stakes in it. As the pegged currency will be accordingly traded towards the Euro. A Euro, which the French has influence over in the EU. Therefore, the former colonies and the ones accepting this “ECO” Currency are accepting control from Paris and Brussels still.
They are maybe done with the regulations of CFA and the banking system as known today. But the ECO will be measured after the Euro. This is all a condition, that still benefits the former colonizer. If it wouldn’t, he wouldn’t have accepted it. Not like the French wants to loose influence nor the ability to easy trade with former colonizes. Why do you think most of the cars in Tunisia is French and not a random Skoda?
With that in mind, the ECOWAS was not launching this, but Macron was. Therefore, the whole thing seems like ploy to leave one relic behind, hoping people would be so happy that they don’t look into the mechanisms of the new currency. Not like the French would ever drop influence nor their strong hand over Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal & Togo. All of these will still be semi-controlled by Paris.
I have a hard time believing the intent of the French is to give way. No, this is just a shift to extend their power and find new measures to secure it. By remaking the former currency and the monetary union these nations have. Not like they are suddenly creating their own or having 8 separate ones. If they did that, then it might been significant. Where the own national banks, together with Ministry of Finance would make and ensure the safety of own national currency accordingly and necessary for their own Republic.
To remake and rename, only questions the motives behind the move. Other, than trying to clean the dirt of your hands and call it good days work. After years of questioning the currency and the stranglehold of these Republics. By having appointed men in their National Banks and having their gold in Paris.
I lack faith, but I am also very cynical about it. I’m not easily buying into it. I am hopefully wrong. Until the measures, until the mechanisms are all out and the proof of a vital change. It just seems like a small ploy to trigger hope for a difference, when its really just a new name and the same landlord over it. Its still the same farm and the same output, but the master just renamed the land differently. Peace.
Yesterday, I dropped two pieces on this. Today it will be continuation and repetition. Since some of the facts remains the same, but it will more flesh to the bone. Because, the piece on the land grabbing of ex-President Yayah Jammeh of Gambia was from the White Paper yesterday. The volume 9 has more detail. Therefore, even if this will be brief and short in one way. Because, all the heists and all the siphoning of monies are grand schemes in itself. Which shows that the President misused his authority and his place in the state to eat and grab funds. That he wasn’t entitle too.
The ex-President with all his various schemes and tricks of his trade, while in office, makes him liable to repay the state back with the amounts of 1,065,012,512.17 GMB, $267,348,358.89, €29,475,269.00, £2,250,000.00 and finally 618,400.00 CFA. All of this monies was taken by the ex-President.
Like for instances the ex-President set up a lot illegal businesses in his time. List consist of Kanilai Family Farms (KFF) Kanilai Group International (KGI), Unique Transport Systems Company Ltd. (UTSCO), Sindola Safari Lodge (Sindola), Mineral Company of the Gambia Ltd, Westwood Gambia Ltd. (Westwood), Westport Logistics, Green Industries, Observer Company, Alhamdulillah Petroleum and Mineral Company (APAM). All of these companies grabbed land, used public accounts to run them and so fourth. They were all illegally set up and some even spent international grants given to The Gambia. This was the way the President operated.
Also, the Ex-President used his charities to siphon funds, he used government grants from Exim Bank (ROC), Japanese Grants, Nigeria Budget Support and others, which was supposed to go to development projects, but instead money went unaccounted for and went missing. He spent it and withdraw cash from the accounts, either himself or with help from loyal associates.
To continue with his illegal enterprises, the ex-President also took funds from State Owned Enterprises, these consisted of Gambia National Petroleum Company (GNPC), Social Security and Housing Finance Corporation (SSHFC), Gambia Ports Authority (GPA), Kanalai Culture Centre (KCC), Youth Development Enterprises Limited (YDE), Gambia Ferry Services Company (GFSC) and GAMTEL/GAMCEL. All of these state owned companies was used, taken monies from and embezzled at one point to the advantage of the President.
As the schemes goes along, the land grabbing needs to addressed. The ex-President took 19 TDA lands from the public. 114 free allocations of public lands in his disposal. That was in total a hundred and 139 land titles, which consist of 10 islands and 26 Wildlife Parks and Reserves.
This shows how he misused his power, taken vast amount of sums. This only what he did and not what his associates and family members did as well. Because, that would be to overwhelming for one small article. Still, this shows what sort of megalomania the ex-President did in his time from 1994 to 2017. As he spent time getting more and more funds, instead of governing.
Yayah Jammeh was busy finding new ways of earning profits, building businesses and taken the state for granted. Embezzling, siphoning and grand theft. This was his heist, a business model that he continued to work-on until his final day in office.
The ex-President wasn’t a bank-robber, but he emptied the accounts and the state machinery blessed him with it. He was the Head of State and no one questioned him. Until now, its two years since he was in office and now his sins is put into system. We see how man took it all and got away with it.
Let’s see if he repays the state, while in exile in Equatorial Guinea. Peace.
There will come one day, when every dictator and tyrants acts comes into steady reports and reveals their actions. Today is one of those days. We are not seeing how the threaten and assaulted freedom, liberty and justice in Gambia. We are instead seeing how the previous head of state misused his power, how he earned money on his time in office and how he opened certain accounts to earn funds.
Here is just a snippet of the Volume 9 of the Janneh Report. What scope I am looking at is just what his directly taken from PUBLIC ACCOUNTS and nothing else. This is the money he took from public accounts and spent on himself. Nothing else. So consider this as one way of thieving.
Which is stating a lot of facts by just saying that. It is showing what he did and to what extent. This is briefly stated to show it. I am only mentioning Jammeh, even if he got help form the rest of his ministers and secretary generals. Therefore, there are plenty more who has to repay the state for their ill gotten gains. But I am just focusing on the head of state, the one in-charge and how he misused public accounts. Just look!
In 1995, the government took out $35m loan from China Exim Bank. At this very moment, the President associated diverted funds and also took out direct cash-deposits. But the state hasn’t repaid on the debt during the tenure of the President. To top it off, $27,732,000 is not accounted for. Therefore, because of interests and need for back-pay, the ex-president is liable for $35,556,442.42.
In 1999, the former President opened up an foundation account at the Trust Bank Limited. Where he was given bribe of $2,555m and illegal authorized payments of $3,013,615.47. Which is both funds the state want have returned.
In 2007, the President diversified and misused profits made by selling shares in the state owned enterprise GAMTEL/GAMCEL. The President took $7,948,025.73 to buy 31 buses to start his own bus-company and other projects he had.
Another in 2007, Taiwan (Embassy of ROC) gave funds for treatment of asthma, HIV/AIDS and diabetes. This was a grant estimated to be used between 2007 and 2011. However, the President diverted the funds, which amounted to $8.3 Million.
In 2011, the former President and his associates stole a public grant from the Kingdom of Qatar in toal €3,999,893, which his now liable for.
In 2012, the former President and his associates opened up an National Security Project Account, which got direct funds from Gambia National Petroleum Company. Where the Ex-President diverted the funds to various projects at the time. This amounted to $1,056,841.77, which he is liable for.
In 2015, the President set up a scheme with the Minister of Petroleum and the withdraw funds from a petroleum account. Which was illegal and therefore them both a liable to the funds of $3,768,448.
Another theft was the Vision 2016 Account, where the source of funds was through the MGI Telecom AG and the International Telecommunications Gateway. Where the President and associates illegal open an account and is now liable for $18,016,434.80.
Total funds which the ex-president is liable for is $84,156,492.64, €4,609,893 and GMD516,925,313.17.
Just think about it, he did to a poor state, with bad service and lack of proper institutions. He was eating of the plate of everyone and taking bribes, taking direct state funds and spending fortunes of the gains done by state owned enterprises. This was all done with the help of ministers and their closest associates, who also got a cut. This was a Grand Heist and Jammeh enjoyed the lavish life on the expense of The Gambia. When I look through more tomorrow. The signs of how he operates will appear. This is just second piece, which really shows a lot already. Peace.
The White Paper of the Janneh Report in Gambia on illegal and illicit activities of the former President Yayah Jammeh is now out. What it reveal is interesting, but not shocking evidence of corruption, misuse of funds or whatnot. That was anticipated. However, the scope of the investigation. Shows what the previous Head of State did while in office. He was busy enriching himself. What I am showing here with brief numbers and such. To give you feeling of what he did, while he was in office.
For instance, the President during his tenure in office registered through his companies, his accounts and by his associates the amount of 131 properties. Also that the he operated the amount of 89 bank accounts in his name, companies and foundations. However, the report proves that during his tenure as President he did acquire 281 properties. One of these properties was in the United States and the other was Morocco. 51 of these properties was bought of the sum of £1,150m.
Also, President Jammeh was also in possession of 29 properties, which was not bought from the state or acquired through an authority, neither bought by purchase. Meaning, he has seized 29 properties in his portfolio.
He also owned and leased several properties in the Tourism Development Area, that was approved by the local authorities, but the state nor local authorities have never received any payment for such leases. To continue with this sort of behaviour, the President also leased islands, forests, lagoons, reserves, parks, which is public land that was approved by the local authorities, but the these local authorities never received any payment for such leases.
The President also acquired community land, where he appeared to own the title of the land, as gratitudes gifts from the communities. This was a direct land grab and misuse of authority from the President to do.
The President was in the process of acquiring 30 more properties. This was land either surveyed for the President himself or his company the Kanilai Family Farm Limited (KFF).
This here is briefly and part of what the President and his closest associates did during his time in the Presidency. But it shows a pattern and also to an extent how he used his power. That he would amass all this land and acquire it, even without proper procedure and such. Therefore, grabbing land on the intent of commercial gains, agricultural output or pure greed.
This is just a beginning into the megalomania of Jammeh. Peace.
“African leaders should not turn the continent into a giant collector of donations and loans from wealthy nations—they must find other plausible means to help established their economic security so as to minimize poverty. This incoherent blunder on the mainland must be scrutinized.” – Duop Chak Wuol
As The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) is scheduled to happen on the 2nd and 3rd December 2018, there is time to remember how the Chinese is operating on the African Continent. The Chinese isn’t coming with empty giving hands of donations or even charity. They come with intent of interests and needs of resources from the continent, by offering loans, serving and building through state owned enterprises (SOE) in various of countries, whether it is roads, ports or railroads are built by Chinese Companies, by Chinese Workers and often on Chinese loans. Therefore, they might end up as Chinese owned enterprises, whose vital for transportation and export of needed minerals and whatnot from the continent.
Instead of coming with loans and direct-aid with strings like Western Powers has done over the last few decades, the Chinese are coming with friendly loans, but the Heads of State should know that the Chinese doesn’t play. They want value for money and expect a return, if it doesn’t they might snatch the new crown-jewel or anticipate to get perks from the state. If that is some sort of trade-off or licenses to extract mineral resources or even minor taxation like toll-roads, where the piece of cash will be sent to Beijing and not the capitol of the country where the road is built. That is how these people operate. They are not in it to play or be giving, but gain advantage and have the upper-hand.
This can be shown by what the State Media in China writes in Xinhua Net wrote today and what a CARI report on the same funds are saying. The Chinese portray the funding as investments on the Continent, as the funds are most likely pushed as loans, which burdens the states and that they have to repay. Loans are not given, but issued because of lack of direct funds to build those infrastructure and investments done. So, what I am saying isn’t mere speculation, but a narrative that has to sink in.
“China’s investments into Africa surged by more than 100 times from 2000 to 2017. In the past three years, annual Chinese direct investment into Africa was about 3 billion dollars on average. By the end of 2017, China’s investments of all kinds into Africa totaled 100 billion dollars, covering almost every country on the continent” (Li Xia – ‘Facts & Figures: China-Africa ties: cooperation for shared future’ 02.09.2018 link: http://www.xinhuanet.com/english/2018-09/02/c_137438845.htm).
“From 2000 to 2017, the Chinese government, banks and contractors extended US $136 billion in loans to African governments and their state-owned enterprises (SOEs). Angola is the top recipient of Chinese loans, with $42.2 billion disbursed over 17 years. Chinese loan finance is varied. Some government loans qualify as “official development aid.” But other Chinese loans are export credits, suppliers’ credits, or commercial, not concessional in nature. China is not Africa’s largest “donor”” (China Africa Research Initiative – ‘DATA: CHINESE LOANS TO AFRICA’ Version 1.1 August 2018).
They might try to conceal the reality, just like make-up is used on the face to fade the age or even marks that shows stress or pimples. However, the Chinese cannot be able to lie about their intent. They would not offer these sums of cash, without expecting a turnover or even profits. The Chinese wouldn’t allow all these billions of US Dollars spent on these nations to be spoiled and lost on the streets of Lome, Harare, Addis Ababa or Nairobi. They anticipate a return on the loans, either straight cash or getting pieces of the built infrastructure to advance the value of the Belt and Road Initiative (BRI).
That the Heads of State in Africa should be concerned as they are getting in debt traps, instead of being in cycle of positive growth, they are getting new loans to pay the old ones. They are using the same creditor to secure new loans on top of the old-debt. That is how it will continue, until a point where they cannot pay the defaulted debt and the Chinese would then come to snatch something of value to recoup the failing debt. Because they don’t want to write-off the big money without having anything in return. That is what the Chinese has done in Sri Lanka and might start elsewhere. There might be soon more control of port in Djibouti or railroad of Kenya, even the Ethiopia-Djibouti railway line too. As they want their value of money.
They might be all smiles and photo-ops in Beijing these days, the smiles and added loans to dozens of countries. The added “investments” and deals struck, but the Chinese will not do so without getting something in return. To think otherwise, is to be naive and think they don’t have an agenda by doing it.
There is nothing like a free-lunch and the people will learn that, the Heads of State will not directly pay the debt, but the states will do so. Maybe not in this decade or next 5 years, but sooner or later. The bill for the coffee and biscuit will come. Than it is all eaten, but tab still has to be cleared. Peace.
“The basic confrontation which seemed to be colonialism versus anti-colonialism, indeed capitalism versus socialism, is already losing its importance. What matters today, the issue which blocks the horizon, is the need for a redistribution of wealth. Humanity will have to address this question, no matter how devastating the consequences may be.” – Frantz Fanon
The true value and who runs it is proven when the former head of the Commonwealth for decades has been Queen Elisabeth II, which of yesterday put the mantle of leadership to her son Prince Charles of Wales. The Statement from ‘ Commonwealth Heads of Government Meeting 2018 – Leaders’ Statement’ said: “We recognise the role of The Queen in championing the Commonwealth and its peoples. The next Head of the Commonwealth shall be His Royal Highness Prince Charles, The Prince of Wales” (Commonwealth, 20.04.2018).
We can also know the perspective the Great Britain has for the organization, as Boris Johnson wrote so clearly in March 2018: “The good news is that when we leave the EU, we will regain the power to sign free trade agreements with our Commonwealth friends, allowing the UK to make the most of thriving markets. Brexit will give us the ability to open a new era of friendship with countries across the world. A key theme of the London summit will be how to boost trade within the Commonwealth. We’ll also discuss how to improve security co-operation and take joint action to protect the world’s oceans, bearing in mind that the Commonwealth includes island states in the Pacific, the Indian Ocean and the Caribbean” (Boris Johnson – ‘Commonwealth has key role to play in the bright future for Britain: article by Boris Johnson’ 12.03.2018, Foreign & Commonwealth Office (FCO)).
It shows that the United Kingdom own problems and issues is key for the Summit. The others are more a circus that the old empire can play into it. That happen and the Commonwealth Declaration on the 20th April 2018 named ‘Declaration on the Commonwealth Connectivity Agenda for Trade and Investment’ part of it says: “We, the Heads of Government representing member countries of the Commonwealth and one third of the world’s population recognise international trade and investment
as an engine for generating inclusive and participative economic growth and a means to deliver the 2030 Agenda for Sustainable Development” (…) “In particular, we recognise the importance of the multilateral trading system in ensuring the integration of small, vulnerable and least developed countries and countries in sub-Saharan Africa, the Caribbean and the Pacific into the world economy, and welcome initiatives which will support greater and more effective participation of these countries in international trade” (…) “To promote the realisation of these goals, we hereby launch the Commonwealth Connectivity Agenda for Trade and Investment. This Agenda will be guided by the principles that: co-operation should be pragmatic and practical, leading to credible results; take into account regional integration initiatives; take into account the needs of small and vulnerable economies and least developed countries; avoid duplication with initiatives where other organisations are already working; add value in areas of engagement; and adopt a progressive approach towards a long term vision for closer trade and investment ties. It should also recognise the vital role of the private sector in delivering the 2030 Agenda and facilitating the promotion of the blue and green economy” (Commonwealth – ‘Declaration on the Commonwealth Connectivity Agenda for Trade and Investment’ 20.04.2018).
We can see that Boris Johnson’s goals for the Commonwealth Head of Government Meeting (CHOGM) appeared on the last day, yesterday, as this declaration is to anticipate the Commonwealth secretariat and the Foreign and Commonwealth Office (FCO) will work on this now. To make sure the former Colonies are more connected. Not only to themselves through trade, but also to the United Kingdom. This is to give the United Kingdom bigger trade and partners through the use of the former colonies. To look at it differently, is to be naive. The other agreements is to make the public perception positive, but this here was to grease the wheels of United Kingdom, who are soon losing the trade-agreements through the membership of European Union, because of their silly decision to leave the Union.
We can see that the Commonwealth all benefits the United Kingdom and the others just has a place multi-nationally to be represented, though a loose organization, that isn’t to formal. But is a place to make them look better and get exposure through the perspective of their former colonial master. That is why they still has the inter-connected ministry FCO. It is a reason why even Zimbabwean Non-Governmental Organization was petitions the Department for International Development (DFID), so the former colony could have funds to hold Presidential Candidate National Television Debate before the General Election later in the year.
Well, that was a sidetrack, but very fitting. Because, the Commonwealth, still seems like a UK based organization, where it is all because of the mercy of the UK. The Commonwealth communiques, declarations and the meetings is because of UK leaders. Not because of the Kenyan President wanted it or the Indian one wanted some. We know there are someone even questioning it, the Bangladesh PM has been stating this today:
“LONDON, April 21, 2018 (BSS)- Seeking inclusion of representative from Asia in the High Level Group to review the Commonwealth Secretariat’s Governance, Prime Minister Sheikh Hasina yesterday suggested making the Group more representative with inclusion of member states of different regions. “We value the knowledge and expertise of the Secretariat for furthering work of the Commonwealth. However, we believe that views of the member states through appropriate representation, is equally important,” she said” (Bangladesh Sangbad Sangstha – ‘PM suggests making CW high-level group more representative’ 21.04.2018).
This is what I started it, and it is made like this because the Commonwealth are made for the needs of United Kingdom, then the second interests. That is why the head of the Commonwealth has to be the Royalty of the UK. Now it is the Prince of Wales, which was nudged in by the Queen. The same happen to Prince Harry, who was appointed by the Queen to become the Commonwealth Youth Ambassador. We can see that the Commonwealth is a UK enterprise. The view can be seen that way, the way the Royal family has key roles and that the FCO is involved. Therefore, the meetings and statements coming from Boris Johnson with everyone he could. Making photo-ups with anyone he could during the CHOGM.
We will clearly see the Commonwealth Secretariat work on the Declaration, especially now that the UK is gearing up for the Brexit and leaving the Union. They need new secure trading partners and what better, than using the informal body of Commonwealth to get trade with. That is what even Johnson has been writing and proves his ideas. That is why he has been so diplomatic and kind with words. Because some of the nations and state leaders he has meet these days, he has written in the past ill-words of their republics and their kind. Therefore, we know he has sudden swift change of interests. That interests being the benefit of London and not of the former colonies.
The Commonwealth seems more like a savior and needed trade-partners right now, because of the problems coming with the loss of the EU membership. FCO and Commonwealth member-states with this declaration are opening for negotiations. Something that Johnson has been hoping for all along. Since he wanted that and hoped that CHOGM would deliver. However, it did that in some respect with the Declaration.
Seemingly again the Commonwealth is made for the benefit of the UK and their needed gains. If it was otherwise, than the Bangladesh PM wouldn’t asked for what she did after the CHOGM. That proves the problems within the Commonwealth Secretariat and with the Declaration itself. Since in that one in question isn’t mentioned even directly in the declaration.
Hope I am wrong, but as long the British Royalty is running it and is the heads of it. Their interests will be in line of London, not being for all the members of the Commonwealth. To think otherwise to be naive. Peace.
There are some men of Nobel character out there, but they are usually hidden and in silence. Today, I will have to write of one of them. This has actually happen back-in-January of 2017, but only gotten a whiff of it this week.
The world knows of the democratically elected opposition leader and Presidential Candidate Adama Barrow of the Republic of The Gambia. That in the midst of January 2017 he was sworn-in on the 19th January, as President Yayha Jammeh fled to Equatorial Guinea. It didn’t look like he would leave, but international pressure and also resignation of his own cabinet members forced this. That ECOWAS sending forces from Senegal into Gambia, also gave the former President no-hope of a longevity of his presidency. Jammeh had a dictatorship for 22 years, even killed his opposition and harassed them.
But this is all well-known facts about the state of affairs in Gambia. That the one winning election and the who had to sworn-in in Senegal and needed Ecowas troops to get rid of the 1994 Coup d’etat General Jammeh who never wanted to leave his post. Even if someone else won over him with a coalition victory years after.
Now today after months in-charge and the dictator disposed. The act that the new president did, shows his character and his real quest to power. It shows that he can actually prove his manhood and bravery. Adama Barrow should never be underestimated. Because he came to Gambia after fleeing on the 26th January after swearing-in on 19th January 2017 in Dakar, Senegal.
So what was so noble and great happen on 30th January 2017, when Gambia Gazette No. 4. on 31st January says this:
“Whereas by Section82(1)(a) of the 1997 of the Republic of The Gambia, the President may exercise his Prerogative of Mercy in respect of any person convicted of any offence” (…) “And Whereas His Excellency the President considers the circumstances of the convicted prisoners named in the schedule, as warranting the exercise of his Prerogative of Mercy” (…) “Now Therefore, I Adama Barrow, the President of the Republic of The Gambia, in exercise of the powers conferred on me by section of 82(1)(a) of the Constitution of the Republic of The Gambia, do hereby grant pardon to the persons named in the schedule hereto” (…) “Done at Banjul this 30th Day of January 2017” (Gambia Gazzette No. 4, 31.01.2017).
This here proves that someone was pardoned by the newly elected President, just days after he was returned and sworn-in. Just starting his rule and his first term in power. The peacefully elected President decided to pardon 39 people. Of these 39 people, one person is a standout, one person who has looted the Republic and been a torn in the flesh of the people. The one they couldn’t stand or be the head of state anymore. The 25th Person who was pardoned by Barrow, was no other than Yahya Jammeh!
Barrow who has nothing to win by doing this, who has nothing to gain, still gave way for Jammeh and even as he is in exile in Equatorial Guinea with his wealth. He still hasn’t have to fear the law or repercussions from law-officials and law-officers of Gambia. Since he is pardoned. He is a free and rich man in exile, that is the gift Barrow gave him, just days in power and as Commander-in-Chief. Barrow had no need to do this. He could have prosecuted him and tried every single way of freezing the accounts and get the tax-funds looted back to Gambia. Instead he pardoned him and let him go. So that Jammeh should have less grievances against the now ruler of Gambia. There shouldn’t be anything personal or anything that creates friction between them.
The one in exile should kiss his pinky-ring. He should watch over his estate and his wealth in joy. The people of Gambia should know what sort of man they have elected. There we’re no need to act this swift and give this pardon. But he did for his reasons. Clearly, the wise man forgives, but never forget. Barrow seems smart, but hopefully will not be conned. He was saved by ECOWAS and the International Pressure on Jammeh. Now he has showed his character and it deserves praise. Not because Jammeh deserved it. He didn’t he should been behind bars and paid-in-full. But Barrow gives way and shows hope of a better future. Since the leadership of this way. Gives hope for a tomorrow. Peace.