Thursday, September 15, 2011

Frances writes off Tanzania's $56.2 million debt!

Now, anyone who has any knowledge of history knows that the Western Superpowers gained their wealth off the backs of African labor and resources. In some ways, it is still as true today as it was 100 years ago. So why is it that pimp organizations like the International Monetary Fund and the World Bank continue to harrass our African countries with the so-called debt that we owe to them and all the things we have to sacrifice as a people to make sure that they get paid...for something that they basically stole from us and sold it back to us in our vulnerable state? Well for one, certain superpowers would rather continue to exert their will and power on our continent by holding this so-called debt against us. However, this is now not the reality for France. Note that in the past, the Netherlands has also taken this same step. In the latest news article by, France recently wrote off Tanzania's remaining Tsh. 92 billion debt to France, which is the equivallent of USD $56.2 million. I really commend them for doing this one selfless act, and I recognize the good that they've decided to do in the midst of power-hungry and greedy superpowers. That is something that deserves much kudos in my book.


  1. You are right. The world has to come together, recognize it's fault and change or things will not get beteter. Edmund