Africa must emerge from its dyptych. The transition between a conquering Russia, an uninhibited and determined African youth, and a declining imperialist, marks an opportunity for Africa to free itself from the futuristic slogan and rediscover its ancient governance by dealing with the BRICS.
The author suggests 4 facets to delegitimize African powers. In order to respond to ecological issues, the demands of peoples, political and institutional orientations, the author advocates environmental, popular, political sovereignty and the ethos of yesterday’s solidarities. He illustrates his audit with the case of ECOWAS, whose extinction is inevitable, if it does not revise the fundamentals of its sovereignty. “He defends the idea that Africa can emerge from dependence and become master of its destiny. He criticizes neoliberalism and the withdrawal of Pan-Africanism.”
From dependence to sovereignty, what impact at the intra-African financial level and with one of the flagship countries of the EU and with two giants of the BRICS? With one, a need to turn away from an instrument of inertia of the African economies of the franc zone. With the other two, a legitimate choice to conquer monetary sovereignty. In order to allow Africa to be an actor in all the levers of the financial mechanisms of their country.
The reader learns about the three options for a new African currency, its deployment, and its roadmap for its implementation.
In conclusion, the author proposes two levers: neo-sovereignty, via the asymmetry of North-African trade relations, which must find pragmatic answers. And, neo-protectionism, sector by sector, which I invite you to discover by reading this visionary work.
Kako Nubukpo, is an economist and director of the Sub-Saharan Africa Observatory of the Jean Jaurès Foundation.
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