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MALEMA EXPOSES FRENCH COLONIAL TAX
Watch how Julius Malema, president of South African Pan-Africanist party Economic Freedom Fighters, exposed the French colonial tax several African states pay because they are required to place their reserves in French banks and use the CFA franc as their currency. CFA stands for 'Communauté Financière Africaine,' or African Financial Community.
Ultimately, this means certain African countries don't control their economies, nor their resources, to which Western powers often have first dibs.
As several of France's colonies, such as Burkina Faso, Mali, Niger and Guinea, cut ties with French institutions, a grassroots thrust has emerged to create African economies and pan-African policies that have been weakening France's neocolonial influence across the continent.
Let us know what you think of Malema's remarks during this 2016 lecture at the Oxford Union in England.
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