Contrary to what we may believe, the exploitation did not cease with the end of colonialism. This is most evident in the recent happenings in the
Democratic Republic of Congo. A nation blessed with abundant natural resources, including
cobalt, an essential component needed by the West for the production of electronics. According to the
World Bank, despite it being resource-rich, the DRC is among the five poorest nations in the world. The Congolese who do not benefit from their nation’s natural resources endure displacements from their villages, which have been and continue to be bulldozed over to make room for large mining concessions. The DRC is a nation where the working populace, children included, has been subjected to what can only be described as modern-day slavery. Parents grapple with the choice of sending their children to school or taking them to the toxic mines to work and increase their income, which stands
at one dollar a day. Siddharth Kara, an author, researcher and activist on modern slavery, in a 2023
interview with Fresh Air, stated that the degradation and exploitation are comparable with old-world slavery. Profits from the DRC’s resources are not used to develop the country but mostly go to the West which further solidifies the claim that Africa is indeed funding the West. Similarly, the financial arrangement between France and the 14 African francophone countries using the
CFA franc currency is questionable. These countries are required to deposit 50 per cent of their foreign exchange reserves in the French treasury.
Critics argue that the CFA franc is a relic of a shady past and it keeps these African countries on a leash.
Ndongo Samba Sylla, an economist and professor at the University of Paris, has argued that the CFA franc is an anachronism which demands orderly and methodical elimination. This financial dynamic alongside
reports of France buying uranium from Niger at a relatively low price contributes to the ongoing exploitation of Africa by the West.
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