afritechnews – by Angeline Mbogo
July 7, 2020

The fact that several African countries have been under the influence of the French for about 75 years now is stunning. Unable to let its colonies go, France continues to exploit African countries with unfair obligations, one of which has raised a raging debate over the years.
Dubbed the colonial tax, the infamous obligation on CFA Franc Zone members requires them to “keep 50 percent of their foreign exchange reserves in an operations account held at the French Treasury.”