Hybrid Wars 8. Strategies Against Africa (1B) | Oriental Review
Other than the divisive military-security perspective and ‘dark
scenario’ forecasting that’s been hitherto applied for understanding
African geopolitics, there’s also the more unifying and positive
approach of analyzing the continent’s financial, economic, and
integrative institutions.
Financial Institutions:
Africa is home to two separate but very closely related currency
unions, the West African Franc and the Central African Franc that are
institutionalized under the West African Economic and Monetary Union (WAEMU) and the Central African Economic and Monetary Community
(CEMAC), both of which comprise former French colonies (with the
exception of the erstwhile Spanish-held Equatorial Guinea in the latter)
whose economic unit of trade is still directly controlled by Paris. The West African Monetary Institute
(WAMI) incorporates the remaining countries in the region under the
West African Monetary Zone (WAMZ) and has future plans of unveiling its
own unified currency, the Eco, by 2020, and aside from the once-French colony of Guinea, it is entirely formed by states that used to be colonized by the UK.
