Punitive US sanctions have spurred some countries to move away from using the US dollar exclusively for their foreign reserves. That’s the finding of a study by Invesco, an American investment management company.
According to the report, countries have also begun repatriating their gold reserves from Western countries to their own central banks.
This development tallies with recent calls for African countries to de-dollarize - that is, to reduce their use of the US currency in intra-African trade transactions.
From presidents to political activists and scholars, a dominant message in recent months has been that it’s high time for African nations to trade with each other using their own currencies.
Kenya's President William Ruto is leading the charge for African countries to ditch the greenback. But the trend is part of a wider phenomenon, with similar calls coming from other Global South nations and groupings, such as BRICS.
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According to the report, countries have also begun repatriating their gold reserves from Western countries to their own central banks.
This development tallies with recent calls for African countries to de-dollarize - that is, to reduce their use of the US currency in intra-African trade transactions.
From presidents to political activists and scholars, a dominant message in recent months has been that it’s high time for African nations to trade with each other using their own currencies.
Kenya's President William Ruto is leading the charge for African countries to ditch the greenback. But the trend is part of a wider phenomenon, with similar calls coming from other Global South nations and groupings, such as BRICS.
Hear Us Roar: https://news.1rj.ru/str/AfricanStream
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Continued -
It’s a response to what many see as the weaponisation of the dollar by the US government to enforce its foreign policy objectives through the use of punitive, unilateral economic sanctions. Critics point out that dependence on the dollar also leaves Global South nations at the mercy of US fiscal and economic policies, thereby robbing them of economic independence.
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It’s a response to what many see as the weaponisation of the dollar by the US government to enforce its foreign policy objectives through the use of punitive, unilateral economic sanctions. Critics point out that dependence on the dollar also leaves Global South nations at the mercy of US fiscal and economic policies, thereby robbing them of economic independence.
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French Cops Attack Diaspora
With France still reeling from the police killing of a teenager with Algerian roots in the Paris suburbs, officers have unleashed more violence on the African diaspora - this time, at a memorial event in the capital for a man who died in police custody back in 2016. His brother was among those on the receiving-end of the officers’ batons. African Stream was filming when the police moved in on the gathering.
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With France still reeling from the police killing of a teenager with Algerian roots in the Paris suburbs, officers have unleashed more violence on the African diaspora - this time, at a memorial event in the capital for a man who died in police custody back in 2016. His brother was among those on the receiving-end of the officers’ batons. African Stream was filming when the police moved in on the gathering.
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SUDAN WAR: AIRSTRIKE KILLS 22
The city of Omdurman has become the latest flashpoint in Sudan’s civil war. A stronghold of the Rapid Support Forces, it was targeted by army jets this weekend in the deadliest attack of its kind since the start of the conflict. Twenty-two people were killed - the army claiming it took out rebel fighters. Omdurman is critical to the RSF’s operations. The paramilitary uses the West of the city to bring in reinforcements from Darfur.
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The city of Omdurman has become the latest flashpoint in Sudan’s civil war. A stronghold of the Rapid Support Forces, it was targeted by army jets this weekend in the deadliest attack of its kind since the start of the conflict. Twenty-two people were killed - the army claiming it took out rebel fighters. Omdurman is critical to the RSF’s operations. The paramilitary uses the West of the city to bring in reinforcements from Darfur.
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REPARATIONS FOR SLAVERY
Will reparations ever be paid to descendants of enslaved Africans in the United States? Richard Sudan digs deeper and asks whether American politicians like President Joe Biden have been cynically using the issue of reparations to win votes, without any intention of taking real action.
Leave your thoughts below.
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Will reparations ever be paid to descendants of enslaved Africans in the United States? Richard Sudan digs deeper and asks whether American politicians like President Joe Biden have been cynically using the issue of reparations to win votes, without any intention of taking real action.
Leave your thoughts below.
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FRANCE’S RACE PROBLEM EXPLAINED
France has a problem with race: it refuses to recognise its existence! While a policy of colourblindness - treating everybody equally, regardless of skin colour - sounds great in theory, the way France has been doing it has proved a disaster in practice. African Stream's Roqaiya explains how it’s actually enabled racism (the very thing it was designed to counter) to flourish in the country’s police force - with deadly consequences.
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France has a problem with race: it refuses to recognise its existence! While a policy of colourblindness - treating everybody equally, regardless of skin colour - sounds great in theory, the way France has been doing it has proved a disaster in practice. African Stream's Roqaiya explains how it’s actually enabled racism (the very thing it was designed to counter) to flourish in the country’s police force - with deadly consequences.
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SUDAN’S ARMY BOYCOTTS
PEACE TALKS
Sudan peace talks got off to a rocky start, with one of the warring parties - the Sudanese military - refusing to participate. It objects to the negotiations being chaired by Kenya, which it accuses of harbouring RSF rivals. The paramilitary itself only sent a representative to the talks. Some progress was made, though: consultations will be held with the African Union on potentially sending in East African peacekeepers to ensure civilians are kept safe and receive aid.
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PEACE TALKS
Sudan peace talks got off to a rocky start, with one of the warring parties - the Sudanese military - refusing to participate. It objects to the negotiations being chaired by Kenya, which it accuses of harbouring RSF rivals. The paramilitary itself only sent a representative to the talks. Some progress was made, though: consultations will be held with the African Union on potentially sending in East African peacekeepers to ensure civilians are kept safe and receive aid.
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ROAD RAGE: VICE PREZ’S MEN ATTACK
A video showing four police officers, who are part of the deputy president’s security guard, assaulting motorists has sparked public outrage in South Africa. The officers are facing charges of assault, while the deputy president’s office has distanced itself from the incident. The incident is reminiscent of South Africa’s dark past where apartheid police used to beat Africans with impunity which is why it has caused such an uproar online.
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A video showing four police officers, who are part of the deputy president’s security guard, assaulting motorists has sparked public outrage in South Africa. The officers are facing charges of assault, while the deputy president’s office has distanced itself from the incident. The incident is reminiscent of South Africa’s dark past where apartheid police used to beat Africans with impunity which is why it has caused such an uproar online.
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HOW ETHIOPIA BEAT ITALIAN COLONIALISTS
Have you ever wondered why Ethiopia was never colonised? The Italians had a good old go at it. But they were outsmarted by the African side. As a result, they suffered a humiliating defeat at the Battle of Adwa. Losses in the Italian army amounted to over 6,000 killed, and around 1,500 wounded soldiers were forced to retreat into Eritrea. Our sister Tanaïssa breaks down how Ethiopia accomplished this feat, which caused the incumbent government of Prime Minister Di Rudini to resign on this day, July 12th, in 1896.
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Have you ever wondered why Ethiopia was never colonised? The Italians had a good old go at it. But they were outsmarted by the African side. As a result, they suffered a humiliating defeat at the Battle of Adwa. Losses in the Italian army amounted to over 6,000 killed, and around 1,500 wounded soldiers were forced to retreat into Eritrea. Our sister Tanaïssa breaks down how Ethiopia accomplished this feat, which caused the incumbent government of Prime Minister Di Rudini to resign on this day, July 12th, in 1896.
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AFRICAN SKULLS IN EUROPE
We’ve seen a string of Western leaders lecture Africa about human rights. But their astonishing hypocrisy doesn’t go unnoticed.
The most morbid example being the skulls of Africans kept by foreign museums and their refusal to repatriate them. Many are the heads of those who fought against brutal colonial oppression. Often jam-jarred and given a front-row seat for the public to gawp at.
One of the most well-known is Chief Mangi Mali, from Tanzania, whose remains have been held by Germany’s Prussian Cultural Heritage Foundation.
It’s estimated up to 95 per cent of Africa’s cultural heritage is hoarded by major museums outside Africa - with France having nearly 100,000 artefacts. However, the fight to bring them back home continues.
Dr Arikana Chihombori-Quao is calling for a worldwide alliance of Black people to fight for justice and reparations.
And here she is doing what she does best.
Laying out the facts plain and simple at a recent National Action Network Convention.
We’ve seen a string of Western leaders lecture Africa about human rights. But their astonishing hypocrisy doesn’t go unnoticed.
The most morbid example being the skulls of Africans kept by foreign museums and their refusal to repatriate them. Many are the heads of those who fought against brutal colonial oppression. Often jam-jarred and given a front-row seat for the public to gawp at.
One of the most well-known is Chief Mangi Mali, from Tanzania, whose remains have been held by Germany’s Prussian Cultural Heritage Foundation.
It’s estimated up to 95 per cent of Africa’s cultural heritage is hoarded by major museums outside Africa - with France having nearly 100,000 artefacts. However, the fight to bring them back home continues.
Dr Arikana Chihombori-Quao is calling for a worldwide alliance of Black people to fight for justice and reparations.
And here she is doing what she does best.
Laying out the facts plain and simple at a recent National Action Network Convention.
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The Western Money Trap
Former US Secretary of State Henry Kissinger famously said, 'Who controls money can control the world.' And guess what? Western financial institutions control the flow of money in and out of Africa and everywhere else. Pan-Africanist, P.L.O. Lumumba , explains how the global money system gives ultimate power to the US and Europe. But is it about to change?
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Former US Secretary of State Henry Kissinger famously said, 'Who controls money can control the world.' And guess what? Western financial institutions control the flow of money in and out of Africa and everywhere else. Pan-Africanist, P.L.O. Lumumba , explains how the global money system gives ultimate power to the US and Europe. But is it about to change?
Hear Us Roar: https://news.1rj.ru/str/AfricanStream
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MALCOLM X: ONLY STRONG AFRICA WILL GET RESPECT
The Chinese have long faced racism but they also now command respect. According to Malcolm X, they became strong under Mao Zedong and are now a force to be reckoned with - culturally, economically and militarily. Malcolm X believed there was a lesson here for us Africans: unite! Just like the Chinese state could unite a population of over 1 billion, Africa needs a unified state to unite our growing population of over 1 billion! Watch him make the point by explaining how a particular racist saying quickly fell out of use once the Chinese became powerful.
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The Chinese have long faced racism but they also now command respect. According to Malcolm X, they became strong under Mao Zedong and are now a force to be reckoned with - culturally, economically and militarily. Malcolm X believed there was a lesson here for us Africans: unite! Just like the Chinese state could unite a population of over 1 billion, Africa needs a unified state to unite our growing population of over 1 billion! Watch him make the point by explaining how a particular racist saying quickly fell out of use once the Chinese became powerful.
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TULSA MASSACRE VICTIMS DENIED COMPENSATION
A US court has thrown out a case seeking to pay reparations to the last three living victims of 1921's Tulsa massacre. Hundreds of Africans in America were killed when a White mob invaded a booming Black town. Thousands of homes and businesses were razed and looted.
The ruling has been slammed as making a mockery of the American government’s talk of justice for the country’s diaspora community, especially when its military spending is astronomical while its reparations spending is zero.
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A US court has thrown out a case seeking to pay reparations to the last three living victims of 1921's Tulsa massacre. Hundreds of Africans in America were killed when a White mob invaded a booming Black town. Thousands of homes and businesses were razed and looted.
The ruling has been slammed as making a mockery of the American government’s talk of justice for the country’s diaspora community, especially when its military spending is astronomical while its reparations spending is zero.
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Thinking Beyond Colonial Boundaries
Ever contemplated the artificial nature of African borders? Here's a little history from Ghanaian Journalist Kwesi Pratt
Picture this: European leaders gathered around a map, yet no African was present. They casually drew pencil lines, made dots and dashes, which have now become our national boundaries. It's a shared past that is undeniable. But what about the future? Kwesi Pratt emphasises the importance of pan-Africanism - a beacon of unity in our diverse continent.
These borders shouldn't be seen as barriers, but as bridges connecting our diverse cultures. With the shifting sands of global economic power, it raises an intriguing question: When is Africa's moment to rewrite history?
A thought worth contemplating.
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Ever contemplated the artificial nature of African borders? Here's a little history from Ghanaian Journalist Kwesi Pratt
Picture this: European leaders gathered around a map, yet no African was present. They casually drew pencil lines, made dots and dashes, which have now become our national boundaries. It's a shared past that is undeniable. But what about the future? Kwesi Pratt emphasises the importance of pan-Africanism - a beacon of unity in our diverse continent.
These borders shouldn't be seen as barriers, but as bridges connecting our diverse cultures. With the shifting sands of global economic power, it raises an intriguing question: When is Africa's moment to rewrite history?
A thought worth contemplating.
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RIOTERS BAD -WAR CRIMINALS GOOD?
In this episode of Africa in 90 Seconds, our man Ahmed Ghoneim takes on the French public and media's double standards when condemning rioters and ethnic minorities, versus when their own government commits war crimes. And he has a good old dig at Macron for ‘doing a Nero’ (dancing while Paris burns - at an Elton John gig!).
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In this episode of Africa in 90 Seconds, our man Ahmed Ghoneim takes on the French public and media's double standards when condemning rioters and ethnic minorities, versus when their own government commits war crimes. And he has a good old dig at Macron for ‘doing a Nero’ (dancing while Paris burns - at an Elton John gig!).
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KENYANS RAGE AT TAX HIKES
At least six people have been killed as thousands of Kenyans took to the streets of the country’s main cities, demanding that their government bring down the sky-high cost of living. Unofficial sources place the death toll as high as 15. Stone-throwing protesters clashed with police in what was a second round of demonstrations in less than a week. African Stream got reactions from some of the protesters.
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At least six people have been killed as thousands of Kenyans took to the streets of the country’s main cities, demanding that their government bring down the sky-high cost of living. Unofficial sources place the death toll as high as 15. Stone-throwing protesters clashed with police in what was a second round of demonstrations in less than a week. African Stream got reactions from some of the protesters.
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Continued - Kenyans Rage At Tax Hikes
President William Ruto last month signed into law a finance bill, hoping to generate more than $2.1 billion a year for the government’s depleted coffers. The Finance Act introduces new taxes and increases on basic goods such as fuel, food and mobile money transfers, as well as a controversial levy on all tax-payers to fund a housing scheme. The administration says the taxes will help to create jobs and reduce public borrowing. But as soaring food prices pile pressure on households, many Kenyans say they are angered by Ruto’s government for not only failing to deliver on election promises to improve their economic situation, but also for overtaxing low-wage earners.
A Kenyan court ordered a suspension of the implementation of the legislation, pending a legal challenge, but the government has raised petrol prices anyway. Although there is a cost of living crisis in many countries around the world, Kenya’s situation is atypical in that the government is introducing hefty additional taxes during an already devastating economic crisis.
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President William Ruto last month signed into law a finance bill, hoping to generate more than $2.1 billion a year for the government’s depleted coffers. The Finance Act introduces new taxes and increases on basic goods such as fuel, food and mobile money transfers, as well as a controversial levy on all tax-payers to fund a housing scheme. The administration says the taxes will help to create jobs and reduce public borrowing. But as soaring food prices pile pressure on households, many Kenyans say they are angered by Ruto’s government for not only failing to deliver on election promises to improve their economic situation, but also for overtaxing low-wage earners.
A Kenyan court ordered a suspension of the implementation of the legislation, pending a legal challenge, but the government has raised petrol prices anyway. Although there is a cost of living crisis in many countries around the world, Kenya’s situation is atypical in that the government is introducing hefty additional taxes during an already devastating economic crisis.
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GOOD NEWS FRIDAY: EPISODE SIX
Let's recognize and celebrate the outstanding achievements of Africans in different areas such as art, culture, science, and business. Their trailblazing efforts are inspiring and will contribute to a better future. We should appreciate and acknowledge their excellence together.
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Let's recognize and celebrate the outstanding achievements of Africans in different areas such as art, culture, science, and business. Their trailblazing efforts are inspiring and will contribute to a better future. We should appreciate and acknowledge their excellence together.
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IRAN COURTS AFRICA DEALS
Middle Eastern heavyweight Iran is on a three-country Africa tour. The first stop was Nairobi, where bolstering trade opportunities dominated the talks. Iranian Present Ebrahim Raisi also visited Uganda and is expected in Zimbabwe.
Kenya's hosting of Russia's Lavrov, Eritrea's Afwerki and now Iran's Raisi calls into question claims that it's in the West's camp. The recent high-level visits by anti-West figures exemplify Kenya's sovereignty. Following Russia’s invasion of Ukraine, the West has pressured countries to break ties with its adversaries.
Iran is among the most sanctioned countries in the world. The visit is seen as an attempt to diversify its economy. Rich in energy, minerals and technical expertise, Iran-Kenya cooperation carries immense potential for developing both countries. The political goodwill is there - the rubber just need to hit the tarmac.
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Middle Eastern heavyweight Iran is on a three-country Africa tour. The first stop was Nairobi, where bolstering trade opportunities dominated the talks. Iranian Present Ebrahim Raisi also visited Uganda and is expected in Zimbabwe.
Kenya's hosting of Russia's Lavrov, Eritrea's Afwerki and now Iran's Raisi calls into question claims that it's in the West's camp. The recent high-level visits by anti-West figures exemplify Kenya's sovereignty. Following Russia’s invasion of Ukraine, the West has pressured countries to break ties with its adversaries.
Iran is among the most sanctioned countries in the world. The visit is seen as an attempt to diversify its economy. Rich in energy, minerals and technical expertise, Iran-Kenya cooperation carries immense potential for developing both countries. The political goodwill is there - the rubber just need to hit the tarmac.
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MUSEVENI‘S INSANE NATO
STORY
Watch Uganda’s president share an anecdote that will make you laugh but also cry - if not your blood boil.
Yoweri Museveni relates how six African presidents had decided to fly over to Libya to mediate peace. But NATO stopped their plane mid flight and ordered them to turn back - even though it was going from Africa to Africa via African airspace!
The impromptu peace mission was conceived at the residence of the president of Mauritania, who was hosting other African heads of state at the time, including the chair of the African Union.
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STORY
Watch Uganda’s president share an anecdote that will make you laugh but also cry - if not your blood boil.
Yoweri Museveni relates how six African presidents had decided to fly over to Libya to mediate peace. But NATO stopped their plane mid flight and ordered them to turn back - even though it was going from Africa to Africa via African airspace!
The impromptu peace mission was conceived at the residence of the president of Mauritania, who was hosting other African heads of state at the time, including the chair of the African Union.
Hear Us Roar: https://news.1rj.ru/str/AfricanStream
Continued MUSEVENI’S INSANE NATO
Museveni tells his audience it’s a sign of just how much contempt the West has for us. The fact that the plane did as it was told, he says, shows how weak some African leaders still are. It’s the kind of weakness that saw us colonised in the first place, he claims.
He peppers his tale with a few jokes to take the sting out.
Libya is still suffering today from NATO‘s actions in 2011. Next time, will the African Union be strong enough to stop it from happening and mediate its own peace on African soil? Let us know what you think.
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Museveni tells his audience it’s a sign of just how much contempt the West has for us. The fact that the plane did as it was told, he says, shows how weak some African leaders still are. It’s the kind of weakness that saw us colonised in the first place, he claims.
He peppers his tale with a few jokes to take the sting out.
Libya is still suffering today from NATO‘s actions in 2011. Next time, will the African Union be strong enough to stop it from happening and mediate its own peace on African soil? Let us know what you think.
Hear Us Roar: https://news.1rj.ru/str/AfricanStream