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Africa Has the Gold, the West the Benefits — How to Break Free?

Malian economist Modibo Mao Makalou shared with Sputnik Africa a strategy to break free from the extractive model keeping Africa dependent.

🔑 Key points from his vision:

🟡End the “extractive economy”: “African countries are reduced to exporting raw materials and importing manufactured goods.” → Solution: process raw materials and focus on higher value-added sectors.

🟡Strategic vision & leadership: “Africans must think for themselves” before signing contracts, ensuring real independence.

🟡Unity over division: Build common strategies to resist “divide and conquer” tactics by external powers.

🟡Revised partnerships: “The CFA franc is obsolete” — time to move beyond outdated monetary agreements.

🟡Convertible national currencies: Intra-African trade thrives when currencies are interchangeable.

“When Africans trade among themselves, that’s when they prosper, transform their products further to create added value, and generate jobs in Africa.