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Let me get a few things off my chest... Just a little more than a year before the Sirte, Libya decision to create the African Union 9/9/99, the African states gave complete control of the African Development Bank, a bank that Nkrumah look to provide capital for Africa, WITHOUT western interference and criminal connivance, to these very same western financial and commercial entities. I quote from the UN's Africa Recovery site: African governments are looking for at least a $3 bn replenishment of the African Development Bank's soft-loan fund in negotiations with financing institutions. This follows tortuous negotiations at the ADB's 27-29 May annual meeting in Abidjan of a 35 per cent capital increase (about $7 bn) for the bank and new voting rules on its board favouring the non-regional (predominantly Western) shareholders. After late objections from Nigeria and Libya had been overcome, the non-regionals backed the capital increase, took an extra 7 per cent stake in the bank and won a veto on executive board decisions. … There is also the increasing tendency for bilateral aid to be targeted to promoting private sector initiatives -- even in infrastructure projects in such areas as telecommunications and electric power generation. "Donors will ask what value-added does the African fund contribute," one non-regional official argued. Another said it is too early to comment on non-regional support for a $3 bn replenishment. The agreement on the bank's capital increase and new voting procedures signals a "new stage in the partnership" between the non-regional shareholders and African governments. He added that while the core governance issues at the ADB and ADF had been addressed, negotiations would focus on the operational efficiency of the ADF, its effectiveness in reducing poverty, and its ability to promote gender and environmental criteria in the projects it supports. From Africa Recovery, Vol.12#1 (August 1998), page 13 African bank secures more funds Non-Africans get veto power; soft-loan facility back in action By Patrick Smith* in Abidjan * Editor of Africa Confidential, based in London. African bank secures more funds Given such rank capitulation by Africa on such a vital issue, the finances, economic development and general independence of Africa, is there any wonder that the western power believe they can overthrow any African state they choose? Zimbabwe, Sudan, Libya…all of Africa indeed, is fair game for poaching as far as the western powers are concerned.. Look at the recent news from southern Africa for example. There is increasing financial and economic pressure being put on South Africa. Now, South Africa is already a neo-colonial state. The overwhelming majority of Africans are still deeply impoverished, there are still many of the actual freedom fighters, from both Umkhonto we Sizwe (ANC) and especially AZNLA fighters (that is PAC's military wing), still languishing in prisons, while the criminals who ran and financed the settler state are still free to reap "hugemongus", obscene profits. This is thinly disguised by terms such as second and first tier economy. But we all know the deal, the racists, imperialists, get richer and more powerful, and the people grow poorer and poorer, and even more politically impotent because of the haze and tom-foolery of so-called universal suffrage. Nevertheless, the South African financial sector is reeling the key banks such as Standard have bemoaned the negative climate as recently as within the last few hours.. "South African financial services firm Sanlam expects to report a 20-25 percent drop in first-half headline earnings per share due to volatile debt and equity markets, it said on Tuesday, hitting its shares. "The company said in a statement normalised headline EPS for the six months to end-June were expected to be between 55 and 60 percent lower, adding it was particularly hard hit because it was overweight in poorly performing financial and industrial stocks. "Sanlam said it expected its core earnings for the period to be slightly higher than in the corresponding period in 2007. "Sanlam shares were trading down 2.74 percent at 17.40 at 1436 GMT, underperforming the Johannesburg Top-40 index, which was down 2.03 percent at 24,220.51 points. "The group said in April volatile markets had hit its business and said on Tuesday those conditions had continued in May and June. The company previously warned 2008 would be tough as higher interest rates, inflation, a power supply crunch and market volatility took their toll. "South Africa's central bank has raised interest rates by 500 basis points since June 2006 in a bid to deal with inflation. "Absa, Nedbank and Standard Bank all warned of rising bad debts and slower business in their retail units when they recently released their interim results." Sanlam will release its results on Sept. 4. (Reporting by Serena Chaudhry, editing by Will Waterman) "Sanlam sees H1 headline EPS down 20-25 pct" Business Feed Article | Business | guardian.co.uk What's more there is new pressure on the rand relative to the dollar and other currencies, as commodity prices, particularly gold and platinum are manipulated down. So, what is billed as Africa's leading economy is heading further and further into problems. And the Fishmongers Group is doing their level best to continue applying the pressure on Zimbabwe. Having suffered a serious setback by the defection of the smaller of the two MDC factions, led by Mr. Arthur Mutumbara's ,who signed an agreement with the ZANU-PF government, the west has all its mouthpieces in London, the US, Africa and elsewhere, warning that without the western bailout Zimbabwe is doomed, and that it cannot get the bailout without the dismantling of the ZANU-PF elected government. As one UK rag put it: "The EU, including Britain, is ready with a multi-billion-pound rescue plan, but the funding will only be forthcoming if Mr Tsvangirai takes a leading role in running Zimbabwe and the chances of that are diminishing by the day." Mugabe Clings To Political Power Sky News UK Emma Hurd, Africa correspondent http://news.sky.com/skynews/Home/Wor...haring%2BTalks Another mouthpiece of the UK put it this way: "A deal acceptable to international donors could usher in some $1.5 billion in aid and ease political risk across the region, boosting the rand and prompting a re-rating of South African equities, particularly those with Zimbabwe exposure." … "The barriers to investment in Zimbabwe are huge: the banking system is in disarray, power shortages are acute and hyper inflation would have to be tamed. A World Bank report ranks Zimbabwe in 152nd place of 178 countries for ease of doing business, and analysts urge caution until the terms of a deal and Mugabe's role in it are clear. "If there is a coalition controlled by Mugabe then it means donors are financing his crazy economic policies," Moeletsi Mbeki of the South African Institute of International Affairs, said. "There will be no economic rescue." " S.African firms set to cash in on post-Mugabe deals By Rebecca Harrison (Additional reporting by Phakamisa Ndzamela and Serena Chaudhry; Editing by Louise Ireland) Business Feed Article | Business | guardian.co.uk All this in despite of the fact that the agreement between the smaller MDC group and the government represents the majority of the as yet to be convened parliament, and thus speak for the majority of Zimbabwe people. You will note that there is now talk about the need to convene the parliament. So much for democracy, what it all means is that even with the adroit diplomacy of Messr. Mugabe and Mbeki, the west still intends to screw them. That is why the regional solution cannot work, even when they do their level best to do a reasonably "right thing", they do not have the clout to stand up to our adversaries. However the west reaction should not surprise anyone given the fact that they had Botswana boycott the whole SADC session. The weaknesses of the regional approach pursued are very obvious … for example the position of Zimbabwe, and to a lesser extent, southern Africa is being compromised by the neo-colonial onslaught against the ZANU-PF government. They have manipulated the Zimbabwe economy via World Bank, IMF and their other financial institutions, their control of the mining sector, agricultural sector, manufacturing, and other industrial and commercial elements and now that they have crippled the eagle's wing so it cannot fly as Malcolm X wrote in Zionist Logic, they are "white-"mailing Africa. Get rid of Mugabe or face economic disaster they say. As I have said, so far, the team of Mbeki and Mugabe has managed to exploit the split in MDC, very adroitly. But the chorus from the Fishmonger press maintains the same position. Apparently a deal with one faction of the MDC is not considered democratic enough, even though, as we have said, as confirmed by the March election results, which everyone including the larger MDC faction agreed was accurate, the ZANU-PF and MDC spin off faction hold the majority in parliament. So they have every right to convene parliament whatever the MDC faction the west favors most agrees or not. But again, when has the criminal, especially imperialism, which makes most crimes look like playground shenanigans, cared about things like that? They only wanted control of the wealth. And that is all. No what Africa needs the necessary clout to beat these beast back into the wilderness from whence they came. For the necessary clout, as Nkrumah told Africa over and over again, you need a Union Government, not a hat in the hand begging club of confused and / or corrupted "leaders". The formulation of a Union Government gives Africa the command, control, communication and intelligence capabilities it needs to respond to attacks, because that is what these things are, attacks on African interest and more to the point the sovereignty of Africa, by means picking off certain "unruly" countries, for unruly read, not willing to obsequiously bow to western power and we know that Zimbabwe is not the only target. Isn't it time the leaders woke up to this? If they don't the people will have no choice, but to shove them aside…we fervently hope that some of the leadership on the continent will take note of how things are going. And really do the right thing. Further, Nkrumah was crystal; clear on economic development, we had to do it quickly, we had to utilize industrial development to promote agricultural development, we had to have structures in place to acquire capital from outside sources while preventing the compromise of African political power and independence, we must assimilate the latest forms of science and technology, including nuclear power, automation, cybernation and the like. But he constantly reminded us that none of this could happen without the foundation of Union Government. Yet the AU is still talking about gradualism, regionalism via regional economic groupings, like SADC and the rest of that drivel. Now we all recognize that economics are important. Many of our people have prescribed economic solutions, for example in the diapora, alone, we know that Booker T. Washington, Hon. Marcus Garvey and UNIA-ACL, Hon. Elijah Muhammad and the Nation of Islam, Dr. King and SCLC's Poor Peoples Campaign and the offshoot Operation Breadbasket – now evolved (or devolved, depending on your perspective) into Push – Rainbow Coalition…and numerous others have proffered economic solutions to our situation. Of course the overwhelming number of these programs, organizations, movements, institutions and what not had only minimal, negligible success and indeed those which that were most successful, were not strictly speaking merely economic in their / its focus. For example the UNIA-AC, Garvey movement, for instance put the establishment of an all-African government as the prime preoccupation, as well as political and other questions. The Nation of Islam, SCLC, both addressed social, moral and directly or indirectly political issues. Booker T. Washington also, as his main institutional base used the black university model, Tuskegee, which is essentially his creation and he emphasized more than industrial and related education, for example there was a heavy emphasis on moral and spiritual matters as well as physical fitness. . That this is true does not surprise us one iota, as history makes it abundantly clear that economic solutions alone are not sufficient and indeed cannot stand on their own. Which is precisely why even primarily economic efforts and movements, have to include non-economic matters on their agenda. Objectively speaking history agrees with Dr. Nkrumah, Seku Ture, Omowale Malcolm X, Kwame Ture and countless others, who held that economics is in reality a function of politics and not the other way around. That is the political control of the land mass, the people, the state, the physical institutions, and non physical ones, such as the laws, is the basis of economic power. If you control the politics, you can determine the fate of the land; you can dominate and manipulate the people, you own the state, because you create and sustain it, as long as you have the political power, that is, if you control the politics you control the schools, the social welfare system, legislation, morality and so forth. While it is true that these things are often seen as economic phenomena, because that is when most people become aware of it, when resources are taken from them and used for purposes other than those which benefit the people or the individual, it is in fact the political power that the thief has which allows the theft to happen in the first place. As Kwame Nkrumah wisely (and courageously I must add) observed: "While we are assuring our stability by a common defence system, and our economy is being orientated beyond foreign control by a common currency, monetary zone and central bank of issue, we can investigate the resources of our continent. We can begin to ascertain whether in reality we are the richest, and not, as we have been taught to believe, the poorest among the continents. We can determine whether we possess the largest potential in hydroelectric power, and whether we can harness it and other sources of energy to our own industries. We can proceed to plan our industrialization on a continental scale, and to build up a common market for nearly three hundred people." " Common Continental Planning for the Industrial and Agricultural Development of Africa is a vital necessity. " "So many blessings flow from our unity, so many disasters must follow our continued disunity, that our failure today will not be attributed by posterity only to faulty reasoning and lack of courage, but to our capitulation before the forces of neocolonialism and imperialism. "The hour of history which has brought us to this assembly is a revolutionary hour. It is a hour of decision. For the first time, the economic imperialism which menaces us is itself challenged by THE IRRESISTIBLE WILL OF OUR PEOPLE. "The masses of the people of Africa are crying for unity…" "It is this popular determination that must move us on to a Union of Independent African States…" Address to the Conference of African Heads of State and Government, May 24, 63 can be found at page 243 of the book Revolutionary Path That was in 1963 at the very first meeting of the then fledging OAU. But unfortunately there were too many stooges among the leadership to see the logic in Nkrumah's reasoning. Yet, in another millennium, another century, we still face this same set of circumstances. Look at the majority of the AU – the successor organization to the OAU, what has been their achievement to date on the subject of Union Government? What has been their posture on the matter? We all know the answer, constant procrastination, stalling, hedging, hemming and hawing, filibustering, in short, to use a legislative term, the issue is continually tabled, or if not tabled, sent to a committee for further consideration from which recommendations will be reported, but alas when these recommendations are reported, what happens then? Why we start all over again…it is nothing but the old Coussey Commission approach, make appear as if there is progress being made but never quite getting down to the real nitty-gritty. It was the last straw that broke the camels back – the camel being the unity between the radical wing of the UGCC, led by Nkrumah, who was by the way excluded from the Coussey Commission set up by the British Colonial government, the only UGCC leader to be excluded, in fact, and the reaction in the UGCC. This was the birth of the mighty Convention Peoples Party (CPP), As you know, the CPP went on the offensive, against both the Coussey Commission and the UGCC…and the people of Ghana, led by their Party, won the independence .they sought and fought for. As we also know, the real goal of the Nkrumah led movement was not too form a small enclave on the west coast of Africa but to serve as a base for the liberation of Africa. Now, given everything, the people of Ghana and the Ghanaian state of the era, did a remarkable service for the entire African world, and indeed the world in general. But the reaction in Africa, ranging from more sophisticated types such as Nyerere to Senghor to the overt button men such as the Tshombes and Mobutus made the real goal impossible. Today there are still such people occupying official seats of power in Africa. Clearly, as long as they are in the way Africa, nor Africans any where in the world, will make any progress. For example the AU's emphasis on NEPAD is misplaced and inappropriate, and what's more it makes it less likely that Africa will be able to establish good trade, that is beneficial for Africans, relations with the former colonial powers, who are in fact now the neo-colonial powers. Instead of following Nkrumah's advice, you know fight neo-colonialism, so you can keep your independence, they – a large chunk of the leaders of the AU-- have too often run to the neo-colonialist asking, begging even, for some small token, some measly crumb, that they could use to show that indeed the ex-colonials are now friends. The whole process is just a disastrous sham. Now, what can we learn from that? It would be better if they were man and woman enough to go it alone and build up the internal capacity of the continent, trade and otherwise deal with elements not as anxious to stick it to Africans, such as they are doing with China and to some extent others, and then, with whatever institutional power they can create internally and with less predatory trading powers offer the predators a deal formulated by and for the interest of Africa. -RWalker
__________________ Nov 2, 2009 "Assata Shakur Liberation Day" marks 30 yrs of freedom for our Comrade Assata Shakur, Our Warrior was liberated from a NJ prison by Comrades In The Black Liberation Army click here to read more or here www.assatashakur.com |
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Im The Truth (08-30-2008) | ||
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