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Economy => Economics => Topic started by: Fiatless on August 30, 2023, 10:29:40 AM



Title: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on August 30, 2023, 10:29:40 AM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Oshosondy on August 30, 2023, 10:52:30 AM
Manganese is a major raw material used to produce steel and batteries.
In steel production, the major element used is iron which consists of 97% in steel production. Other important elements are 0.05 to 1.5% of carbon, 0.3 to 0.6% of manganese and impurities like sulphur and phosphorus in small concentrations.

The president Ali Bongo Ondimba family history as the president has been since 56 years ago, but the majority of the country lives in poverty:

Bongo's overthrow would end his family's 56-year hold on power in the resource-rich West African country

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France.
Is France government that is controlling the country? No. So why thinking like that.

What is the economic effect of the coup in Gabon on the global economy?
Everything is happening within the country, not that the country is destroyed or anything bad happened to the country. We would see what the military are up to.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on August 30, 2023, 11:07:06 AM
Manganese is a major raw material used to produce steel and batteries.
In steel production, the major element used is iron which consists of 97% of steel production. 0.05 to 1.5% of carbon, 0.3 to 0.6% of manganese and impurities like sulphur and phosphorus in small concentration.

The president Ali Bongo Ondimba family history as the president is 56 years:

Bongo's overthrow would end his family's 56-year hold on power in the resource-rich West African country

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France.
Care about the development? Is France government that is controlling the country? No. So why thinking like that.

What is the economic effect of the coup in Gabon on the global economy?
I see nothing. Everything is happening within the country, not that the country is destroyed or anything bad happened to the country.
Major raw material might not necessarily mean the highest quantity, it could be an important raw material in the production of steel.

It is in the public domain that most countries in Africa are influenced by their former colonial masters. They are not directly in control of the nation but they influence their policies through a puppet government.

Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Oshosondy on August 30, 2023, 11:20:09 AM
Major raw material might not necessarily mean the highest quantity, it could be an important raw material in the production of steel.
Just like I have once said, the major raw material used in steel making is iron. If it is iron that you aare talking about, you can say it is the major raw material. If it is manganese that you are talking about, you will just say it is part of the raw material used in steel making. The major raw material used is iron, then followed by carbon but which is still in minute quantity.


Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?
Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon.

We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Yogee on August 30, 2023, 12:16:18 PM
[....]
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy.
It's only natural that they prioritize their own interest first so no surprise if they're actually exploiting the natural resources there.

If they employ mostly locals there and pay taxes too then these companies probably help a little in their economy. The problem is we don't have the full details of the mining deals and we'll probably never know.

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Others are also stimulating  that these coups are sponsored by some external forces that want to replace France.
Highly unlikely but who knows? The French President has been very vocal about his stance against US influence in Europe so maybe there's a connection.

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What is the economic effect of the coup in Gabon on the global economy?
We'll have to wait and see what they do from here. I'm pretty sure they won't hoard all the Manganese there.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lida93 on August 30, 2023, 12:51:16 PM
Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa.
The assertion of these observers may not be entirely true it could be that the citizens are way tired of a monotonous passage rulership from father to son in the disguise of democracy which has for years undermined the development of the local economy with a rising inflation and are just seeking for a total change of governance so policies can work different for different outcomes. You can't keep doing the same thing and expecting a different result.

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The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy.
France is not the only entity guilty of this charge it's a behaviour of all the colonial order in the  African continent. The view is that it's a raw material ground and a market for their finished goods and that's why we till date after many decades  granting independence to all these colonies they still suffer from the development of  underdevelopment. The relationship is not mutual.

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Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?
External force or not I strong advise that these colonial powers should look inwardly and accept the errors they have made and still making till date in an imperialistic aspect. No people will revolt against a system that is promoting self attainment and robust economic development. So the question is was the economy of these coupist countries like Mali, Niger and now Gabon doing great before the coup?
I wouldn't be surprised it starts raining sanctions upon sanctions from the Western bloc, European bloc and the AU on the economy of Gabon in the coming days.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Hispo on August 30, 2023, 01:39:52 PM
Honestly, this was something I was afraid could happen in other African countries after what happened in Niger.
Beyond the political implications and the relationship between these countries and France, allow me to put on the table some personal theory I have.

All these countries which have been under the influence of France and part of the French industry counts on could affect the development of France when comes to generation and transmission of non-fossil energy. France is a country which is famous in Europe for their outstanding developing on nuclear reactors, unlike other countries like Denmark and Germany.

If France losses access to Uranium from Africa and other developing countries, we could argue that a higher dependence on oil and gas could ensue, which would be convenient for gas and oil producers, like Russia and the OPEC.

Very sad to see African democracy being this eaten away, to be honest. As if that continent had not suffer enough from autocrats...


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Don Pedro Dinero on August 30, 2023, 01:51:18 PM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?

The argument probably has a lot of truth to it. France is still the power it is today because of its relationship with Françafrique, where despite having accepted independence and emerged from former African colonies, the relationship since independence has often been labelled as neo-colonialism in which France exerts its influence over local leaders and profits from it.

Although I see the effect of this particular Coup on the global economy as very limited. Gabon GDP is 20 billion USD while that of France is almost 3 trillion.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Mate2237 on August 30, 2023, 02:29:02 PM
Op what you said is not far from the truth. I strongly agreed with you points. I heard the news in this morning as well, and I was wondering who is next and I am praying strongly to God that let it happen in Nigeria. According to hose who has witnessed military government or regime, the worst democratic government is better than the best military regime. In this modern days I don't think so again. The way the civilian governments are doing in the African countries are getting out of hand. And one thing you said that captivate my attention was the you said, other world powers are sponsoring these coup so that they will take over the territories, and I believed that is sure, there is a fowl play here in these coups.

And another thing that makes the military to take power is the bad leadership, there is no way a president of a country is doing well and a military personnels will just come and take over power. Even the ordinary jubilation of the citizens will tell you that the civilian governments were not doing well. Like now if military take over power in Nigeria, personally I will jubilate, even though things will not come down again I will jubilate.

The problem we are facing in these continent is the interference of the colonial masters in the African economy. And what is happening right is the manifestation of the neocolonialism.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Gozie51 on August 30, 2023, 03:02:14 PM
I read a headline on the internet referring to Ali Bongo Ondimba as Gabon life president. Ali bongo has been the third president of Gabon since they were independent in 1960 and he came to office in 2009 which means he has been in office for 14 years while they are in a democratic government. Seat tight syndrome is one factor affecting the African governance system and until a democratic government becomes democratic indeed then this revolution that is gradually sweeping the shores of the west African will not abate.

Apart from the natural resources in situ in Africa soil, the leadership is very much rotten and that is why they allow neocolonialism in their midst. It is unfortunate or fortunate that all the countries that have witnessed these coups, the people are in support of the military which is a signal that the people don't feel the presence of the government because they are not those genuinely elected but were forced in or rigged their way in.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lucius on August 30, 2023, 03:05:23 PM
There will certainly be some effect, but not only because of Gabon, but because of everything that is happening in other African countries where the interests of the West and the East are in conflict. It seems to me that what is happening right now is directly related to Russia's influence in these countries and it is in some way a continuation of the war in the sense that Russia wants to take revenge for the support that the US and the EU provide to Ukraine.

If we take into account the history of European colonization and exploitation of Africa as a continent, which continued in modern times, then we should not be surprised that some of the African countries openly showed their support for Russia, and just a few days before his death, the boss of Wagner posed with a group of excited people who wanted a selfie with him.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Majestic-milf on August 30, 2023, 03:20:08 PM

The assertion of these observers may not be entirely true it could be that the citizens are way tired of a monotonous passage rulership from father to son in the disguise of democracy which has for years undermined the development of the local economy with a rising inflation and are just seeking for a total change of governance so policies can work different for different outcomes. You can't keep doing the same thing and expecting a different result.

This coup was staged by senior members of the military who had grown tired of being ruled by a leader whose family has held power for over 56 years since gaining independence from the French in 1960..I'm sure the whole thing wouldn't have escalated to this point if these leaders had let those who won fairly rule but rather as a result of election malpractice had managed to the circle it back to themselves.
Gabon is an oil rich country and have contributed immensely to it's per Capita GDP and this is made possible due to its small population of 2.2m.
 This move by the military will surely stiffen growth and it's dollar denominated bonds have seen a downward slide as a result of this. Another major blow this can cause them if ever the coup becomes successful is that it will force investors to look the other way; also multi and bilateral lenders could change or suspend lending in response to the coup.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lida93 on August 30, 2023, 04:42:41 PM

The assertion of these observers may not be entirely true it could be that the citizens are way tired of a monotonous passage rulership from father to son in the disguise of democracy which has for years undermined the development of the local economy with a rising inflation and are just seeking for a total change of governance so policies can work different for different outcomes. You can't keep doing the same thing and expecting a different result.

This move by the military will surely stiffen growth and it's dollar denominated bonds have seen a downward slide as a result of this. Another major blow this can cause them if ever the coup becomes successful is that it will force investors to look the other way; also multi and bilateral lenders could change or suspend lending in response to the coup.
Suspension of bilateral and multilateral business agreements are incumbent to happen in the event of a coup taken place in a democratic society and to any coup junta's they are conscious of this actions from international bodies against their action. But what needs to be done needs to be done not minding sanctions that may follow thereafter.

What the outside are pretending not to comprehend is that modern democracies is not doing the African states any better buy rather the leaders are abusing the democratic process and institutions to propagate suffering even in the midst of plenty (a country that has oil wealth that can be used to develop her economy still nothing tangle to show off in the standard of living of the citizens).

IMO let a people be allowed to choose a system of government that's favourable to them through a referendum and if you ask me I think the people of Gabon are completely tired of the family rule of over 5 decades now.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Sayeds56 on August 30, 2023, 05:06:16 PM
Indeed, the history of Military coups has shown that their implications are significant for the people in which country they occur, and also for global community. The leadership of such coups often assert their aim to reestablish law, political order and stability. The aftermath typically brings about heightened instability, curtailment of civil rights and violations of human rights.

African continent has specially experienced prolonged history of  such military coups. As a result, despite ample natural resources across Africa, the general public often lives in dire circumstances.

The economic effects of such coups are devastating, not only for the country itself, but also for the region.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: uneng on August 30, 2023, 05:48:33 PM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?
It's hard to make any assumptions on these cases involving the social and economical instability in african countries, because we have little informations about it in our native countries, besides having only speculations from both sides (the government and the rebels) which we can't really trust.

The point is, can't the african country itself explore the minerals plus other natural resources and instead of selling it cheap on its raw format, rather manufacturing it into something more valuable and only then exporting to the rest of the world? Why do african nations need european countries to manufacture their raw materials?

And actually, to replace the french company by another foreigner company doesn't seem the solution for the problem... They are just going to be explored by a different group of people.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on August 30, 2023, 05:52:27 PM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?



The answer is simple. Look for who benefits.

Earlier I wrote about an unexpected "series" of coups in the belt that "crosses" the prospective project of gas supply to the EU.

https://i.postimg.cc/MHnqkvxW/F2bp-Aa1-Xs-AAWv-FI.jpg

Gabon is also in close proximity, which could become the center of "coup exports".

The second problem is natural reserves of oil, gas, manganese and uranium ore. Again, the question is who is now trying to "coshmarize" the hydrocarbon and uranium market again ? I am sure that soon there will be "rebels" running around with flags of one distant country :)

Or do you want to say that the population of Gabon, which as of 2023 is one of the richest countries in Africa with the fourth largest GDP per capita, has decided that everything is bad ? :)


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: so98nn on August 30, 2023, 06:06:47 PM
I think too much is being put on the external companies that are working in the Africa. First of all African doesn’t have proper infrastructure from the local government to do the job by themselves. Why there are hundreds of companies from outside the African continent and Africa themselves isn’t doing anything about it? I mean imagine how much money they could have earned by themselves if they started to export it to the world rather just getting taxes paid from the external forces?

Why I am mentioning all of this is because they are literally tangled up with the family presidency and they are putting everything down the line to make it right or wrong?

If you have resources then use it, why does it even matter who’s running the nation if they can create a democratic decisions about it someone need to step in or its going down the sink.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Cryptomultiplier on August 30, 2023, 08:06:54 PM
Sincerely, it is still unclear why the sudden rise of coup in an oil rich country like Gabon.  Other African countries have their problems already, but the reason for this happen to be the long tenure of the head of state.

If you follow up on the news , you will notice how joyous the citizens are, meaning they gave consent and are okay with the result.
Cameroon also has a long sitting head of state who infact resides in France from where he rules. Let's not pray the military rises up and holds a coup too.

The impact of this coup on the economy is the fact that international aids and relief packages from a country like America, some foreign ties will be severed and some investors will have to cease operations in the region. Also, the said pipe line that was to go through the region may have to pause too.
In such situations is where such countries adopt the BRICS currency to trade internationally and export as well as import products seamlessly.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Wimex on August 30, 2023, 09:25:24 PM
Analyzing this situation carefully, Gabon having the largest manganese mine in existence... It would cause the suspension of mining operations due to the coup could interrupt the world supply of this material. This disruption could affect global supply chains and potentially increase the prices of these products.

On the other hand, coups and political instability in the region may raise concerns about the security of investments and assets in these countries, which means that investors and companies may reassess their participation in the region due to the risks associated with political volatility and changes in government. In addition, foreign direct investment and trade cooperation in the region could be hindered, which in turn could affect long-term economic growth.... My only thought is that overall, the direct impact may be more limited due to because Gabon and other former colonies are relatively small in the global economy.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Rruchi man on August 30, 2023, 10:52:13 PM
What is the economic effect of the coup in Gabon on the global economy?
Countries that depended heavily on them and were exploiting them will be directly affected by the coup because the military that has taken over will not want to continue with any agreement that they may have had with the ousted government. If it was raw materials, there will be shortages, if it was food export, there will be shortage too.

For you, the countries usually taken over by a coup often issue a no-flight zone (NFZ) on their airspace, so as a person who is travelling by air and  may have to travel pass their airspace, flights may be redirected and perhaps flight fees will increase, so you spend more.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: blue Snow on August 31, 2023, 04:27:04 AM
Although I see the effect of this particular Coup on the global economy as very limited. Gabon GDP is 20 billion USD while that of France is almost 3 trillion.
Yes, I agree with you, with that GDP Gap will have no effect on France and the world economy. Maybe a different case when Gabon is the importing country, because if the country is an importer and have a connection with another country, there will be affected with the relation and maybe will have the same experience. But, if I saw all this time nothing happened so far, the world will be fine if countries in Africa have the same problem.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Kakmakr on August 31, 2023, 06:10:12 AM
I work on contract in a lot of African countries and I know how some of them operate. The leaders in the country and their family and friends are making millions from back room deals and large tender kickbacks .....and the rest of the citizens suffer.

The leaders stay in power to protect that privileged life and the wealth and power that come with that. The citizens blame the "West" and "colonization" for this, but they vote for these leaders. (Some elections are rigged and fear and intimidation are used to force people to vote for these leaders)

What would have happened if the "West" did not entered these countries and not provided jobs for millions of people? Would they have had the latest technologies (Cars / cellphones / TVs .....) if the developed countries did not use those raw minerals?

It is sad to see all that suffering and how the citizens are exploited by their own leaders.  :(


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Oluwa-btc on August 31, 2023, 06:59:46 AM

What would have happened if the "West" did not entered these countries and not provided jobs for millions of people? Would they have had the latest technologies (Cars / cellphones / TVs .....) if the developed countries did not use those raw minerals?

It is sad to see all that suffering and how the citizens are exploited by their own leaders.  :(

Crap!

This is a very selfish thing to say. Really, I don't know what grounds you have to say this shit. They provided jobs for millions of people and leave millions of people to starve, to suffer. Infact the West invading Africa has got to be worst thing that ever happened in all of Africa.
If they want those materials, then they should come correct and do things the right way just as it should be.

Now France spokes man recently disapproved the coup and calls it a bad coup. That's because a coup runned and benefits leading to the French is a good coup bit that which ends the stealing and control on natural resources and as well benefits the inhabitants of the country is a bad coup? Crazy you know. The french can cry premium tears as they want, currently, no going back.

Looking back on how they've killed millions of lives with Algeria and Congo just to get what they want, it's the perfect time to see all these happening, how can a ruling body be in power for over thirty years? It was getting to be a family business. These leaders in power are being controlled by colonial masters and if you fail to comply, you end up six feat below the group with a terrible news displaying you was a corrupt leader. ( Call Me Stupid All I Know Is That, The West and French are Nefarious Bastards! )


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Sithara007 on August 31, 2023, 07:23:50 AM
Dictators who have been ruling with an iron fist for many decades are being overthrown in countries such as Niger and Gabon. Only positives can come out of all this. Omar Bongo was one of the worst rulers in Africa. Despite the huge petroleum deserves in Gabon, the country was in deep poverty because Bongo stole all that wealth and used it to purchase luxury villas and other real estate in France. From what I have seen, people have come out in support of the new regime. The same is happening in Niger as well. Popular support is with the new leaders.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on August 31, 2023, 07:43:36 AM
Analyzing this situation carefully, Gabon having the largest manganese mine in existence... It would cause the suspension of mining operations due to the coup could interrupt the world supply of this material. This disruption could affect global supply chains and potentially increase the prices of these products.

On the other hand, coups and political instability in the region may raise concerns about the security of investments and assets in these countries, which means that investors and companies may reassess their participation in the region due to the risks associated with political volatility and changes in government. In addition, foreign direct investment and trade cooperation in the region could be hindered, which in turn could affect long-term economic growth.... My only thought is that overall, the direct impact may be more limited due to because Gabon and other former colonies are relatively small in the global economy.

That's exactly what someone's trying to do. And not within the framework of one country, but a significant part of the continent. Then they install their protégés, feed them from their hands, and they do whatever they want. But as you understand - shallow people, who got power in their hands, are unlikely to be engaged in the development of the economy, improving the standard of living of their citizens. They will receive handouts, and will do as tame dogs any orders of the "master". This is what the USSR did in the past. Compare the economies of countries that were under the "protectorate of the USSR" and the subsequent number of debts to the USSR, and those - who were in the sphere of influence of Western countries - and you will realize the repetition of whose scenario is playing out now :)


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Zoomic on August 31, 2023, 07:53:01 AM
The problem of African political system is the presence of corrupt and wicked leaders who have paid very strong allegiance to their foreign counterparts. Although their foreign counterparts have been exploiting Africa from colonial era to post-colonial era and even till date. The exploiters take a huge part of the exploitation and give the small part to the leaders which goes to them and their families while the poor masses suffer in abject poverty. I do not blame the Citizens of these countries were the coupe is happening because they have suffered for long and pushed to the wall. They have no option than to react in such a way.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: EarnOnVictor on August 31, 2023, 08:07:52 AM
Although I see the effect of this particular Coup on the global economy as very limited. Gabon GDP is 20 billion USD while that of France is almost 3 trillion.
Yes, I agree with you, with that GDP Gap will have no effect on France and the world economy. Maybe a different case when Gabon is the importing country, because if the country is an importer and have a connection with another country, there will be affected with the relation and maybe will have the same experience. But, if I saw all this time nothing happened so far, the world will be fine if countries in Africa have the same problem.
If you think the ugly trend of the African coup will not have any effect on France, then you might be missing the link, it will surely have security concerns on the entire world and economic effect on countries more than France. That if they (world leaders) didn't look for a way to quickly adjust or go back to a renegotiation table to avoid much havoc.

The assets reserve of these francophone countries are in France, they will turn the table around, but France will want to lay a restriction. Over time, if the civilian government of the junta mind wins an election, France will dare not again, and the world will talk. France buys their mineral resources at a ridiculously low price, and that will stop.

Also talking about Uranium, Niger alone supplied 18% of France's Uranium between 2005-2020. We all know how important this element is in electricity generation, nuclear-powered submarines and security (Nuclear weapons).


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Ucy on August 31, 2023, 09:13:17 AM
The effect will be positive for friendly countries if  Gabon knows what she is doing or allows those who can help to guide her. Ofcourse, Russia would be in the best position to help as this is happening because of her current role as World leader to prevent a globalist takeover of the world and have a head as guide. Those who are against her are decreasing while she is increasing... but this is temporal.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Hispo on August 31, 2023, 09:47:30 AM
Dictators who have been ruling with an iron fist for many decades are being overthrown in countries such as Niger and Gabon. Only positives can come out of all this. Omar Bongo was one of the worst rulers in Africa. Despite the huge petroleum deserves in Gabon, the country was in deep poverty because Bongo stole all that wealth and used it to purchase luxury villas and other real estate in France. From what I have seen, people have come out in support of the new regime. The same is happening in Niger as well. Popular support is with the new leaders.

The problem is that populism and military coups are not supposed to be solutions to corruption and poverty either. The population can be desperate enough to believe those military men are their saviors but if they do not call for elections after getting rid of their previous corrupt president, then what is the point?

In my country and in other Latin American republics, we had attempts of coups and even successful ones and most of them only prolonged the suffering, because those military men did not guaranteed the safeguard of human rights, translating to execution, torture and exile of citizens who were deemed to be against the new administration, that is not supposed to be future of those African republics, to end being republics...


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: iv4n on August 31, 2023, 10:47:55 AM
Just early this morning some group of soldiers declared that they had overthrown the democratically elected government in Gabon, Africa.

Gabon Coup Latest: Billions In Raw Cash Found In Ali Bongo Son Apartment! (https://www.youtube.com/watch?v=UFQYxD_dZw8)

"Democratically elected government"... I'm sure they would find even more money if only some other "democratically elected governments" could be investigated.

It seems that Africa is slowly waking up... I hope these old thieves will be replaced by someone better!


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lida93 on August 31, 2023, 10:50:15 AM

What would have happened if the "West" did not entered these countries and not provided jobs for millions of people? Would they have had the latest technologies (Cars / cellphones / TVs .....) if the developed countries did not use those raw minerals?

It is sad to see all that suffering and how the citizens are exploited by their own leaders.  :(

Crap!

This is a very selfish thing to say. Really, I don't know what grounds you have to say this shit. They provided jobs for millions of people and leave millions of people to starve, to suffer. Infact the West invading Africa has got to be worst thing that ever happened in all of Africa.
If they want those materials, then they should come correct and do things the right way just as it should be.

Now France spokes man recently disapproved the coup and calls it a bad coup. That's because a coup runned and benefits leading to the French is a good coup bit that which ends the stealing and control on natural resources and as well benefits the inhabitants of the country is a bad coup? Crazy you know. The french can cry premium tears as they want, currently, no going back.

Looking back on how they've killed millions of lives with Algeria and Congo just to get what they want, it's the perfect time to see all these happening, how can a ruling body be in power for over thirty years? It was getting to be a family business. These leaders in power are being controlled by colonial masters and if you fail to comply, you end up six feat below the group with a terrible news displaying you was a corrupt leader. ( Call Me Stupid All I Know Is That, The West and French are Nefarious Bastards! )
Any government that comes to power that's not dancing to the whims and caprice of the West and European powers they immediately use the media to tag it as dictatorship, tyrant because they refuse to sell out the interest of their countrymen to foreign foreign interest. Muammar Muhammad Abu Minyar al-Gaddafi was one of such victim of western propaganda and today Libyans are having the worst standard of living of their life while the West pillage their oil and other mineral resources. If this military coups in Niger, Gabon we're all in the interest of the France they won't have dared to term it as bad or illegal, there media would have shoveled out a word to suit the situation.

If the character that African selfish and wicked leaders live by is what those of the European and western nations have in their leaders their military would have done worst than a bloodless coup as way of bringing back their honor and dignity as a sovereign nation. 
As for @Karmakr I think he needs to go do research about where human civilization started from. And by his statement is crystal clear he has never left the shores of his  state to see the world for himself only stomaching what their media preach to them about Africa and her people.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: AicecreaME on August 31, 2023, 11:41:21 AM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France.
Is France government that is controlling the country? No. So why thinking like that.

France is not technically controlling their government but the African people government has been corrupt ever since, anything that will benefit them, they will do it because of money. That's why people in africa are starving, because they have a government that doesn't care for them, who is abusing their resources but never shared the money to the citizens.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Aanuoluwatofunmi on August 31, 2023, 12:27:04 PM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

From the recent one which happened in Niger Republic and now it's Gabon turn, if we are to look at these countries in Africa, they are a minority nation which has poor development in all aspects of the economy and the people are struggling to cope with living and affordable life, if truly the cause of this is in fight for human right and not an attempt to accomplish selfish ambition of those in power and those willing to take over, i will say that we are getting closer to the stage where people will voice out to demand for what they want, maybe this would trigger others to voice out along in Africa over underdevelopment and human rights.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: CageMabok on August 31, 2023, 12:51:16 PM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?

Residents who made such arguments were probably because they objected too much or were angry with the attitude of the parties from France who were only concerned with the exploitation of raw materials for them without considering the prosperity in the region. And it's possible that the coup had something to do with the unused workers of the people there so they woke up and made a coup to stop the operations of the company.

I think the government needs to look into this matter if it still wants the company to operate as usual because the impact on the economic sector will also be very clear if complaints from the residents themselves are not responded to and the residents also want the opportunity to work there as long as the company can still be operated. So this coup could be very bad for the economy if there is no wise solution, especially as it relates to raw materials for producing steel and batteries.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: hyudien on August 31, 2023, 12:57:00 PM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?

Global economy? I don't think it will have a big impact if every country does not depend on the supply of natural resources from there. Just like that, France may want to control or have already made large profits so a coup was carried out to prevent exploitation and greater losses to the people living in the mining environment. In every country, even though it looks peaceful, regional conflicts always occur so they don't care about foreign conflicts that don't receive any support. The impact on the global economy so far does not appear to be significant, perhaps due to a lack of information on which tasks of this kind will be received more by the respective governments.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: siniminomorocomunisakito on August 31, 2023, 02:31:24 PM
Major raw material might not necessarily mean the highest quantity, it could be an important raw material in the production of steel.

It is in the public domain that most countries in Africa are influenced by their former colonial masters. They are not directly in control of the nation but they influence their policies through a puppet government.

Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?

An interesting example from you and that because the characteristics of consumer behavior are always changing and developing in terms of motivation, expectations, perceptions and learning which are influenced by the cultural environment, geography, demographics, social, political, economic, international political constellations.

If we link them as you say, they may be interdependent and related, but what is interesting here is why was there a coup? and does the government there not read the impact of flirting with foreign parties?


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: |MINER| on August 31, 2023, 04:57:19 PM
I read some magazines and saw there have been nine military coups and coup attempts in West and Central Africa since 2020.  At first glance, this trend of coups may appear to be a backward movement of African countries.  Countries may seem to be taking an aggressive route back to military rule.  It seems that powerful people are taking advantage of the fragile situation created by Russia's presence in the region.  But the real situation in Africa is more complicated.There are more complex reasons behind the coup.  These include weak state structures, strong military and paramilitary forces, livelihood crisis due to climate change, large youth population and economic uncertainty.  All these things collectively are sowing the seeds of despair among the youth and they are losing faith in the institutions.  As a result, the strengths of charismatic characters are becoming attractive to them. The impact spreads beyond the continent to also hit the global economy and markets by significant rises in the prices of oil, minerals and agricultural crops. This eventually causes waves of global inflation.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fortify on August 31, 2023, 05:10:49 PM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?


What you seem to be missing from the story is that Russia has been instigating a lot of the instability in these countries, as they seek to expand their area of influence in Africa - because really they have very few overseas bases and lost the soft power war with China in that region for a long time. Combine that with the recent fall of Wagner, which was the mercenary group doing a lot of the Kremlin's dirty work on the ground, and what you're seeing is the fall out from those mercenaries losing any command structures and disintegrating. Anger against France, has been fomented but they did actually try to support a lot of the more democratic governments in the region and now we're just seeing military juntas take over which will be accountable to nobody and make the situation for the average person in these countries even worse.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Alpha Marine on August 31, 2023, 05:54:45 PM
Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa.

I see it as the reaction of a people who are tired of being pushed to the wall. When you push people, the keep going back until they have their backs to the wall, at that point there will be no where else to go than to push back. There is so much human and natural resources in these African countries but its leaders continue to just focus on themselves.
Military take overs like these are inevitable.
It's better it's not an uprising or a revolution where there is an excess loss of lives.

The concept of democracy in these regions is a scam. It's just a way these politicians use to subdue it's citizens. This is evident from the just concluded election in Gabon. There's no way a particular family rule a people for over 50 years while the people remain in abject poverty and a majority of the people would still vote them into power. That is just an insult on the intelligence of the people. Add that to the long list of things these people suffer at the hands of their oppressors.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy.

It is a shameful thing for a country to allow itself be at the mercy of another country. The resources are in your country, they belong to you, and should control them.
You don't give over the control of those resources to another country and expect them to take you seriously.
It's so bad because this is the situation of almost every African country. You can't allow another man control what you own, it doesn't matter what. These politicians just make deals that would put more money in their pockets while these external country squeeze out every resources in the country. There is no way the external country is to blame for this. Blame your leaders.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Aanuoluwatofunmi on August 31, 2023, 06:34:26 PM
The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?

Global economy? I don't think it will have a big impact if every country does not depend on the supply of natural resources from there. Just like that, France may want to control or have already made large profits so a coup was carried out to prevent exploitation and greater losses to the people living in the mining environment. In every country, even though it looks peaceful, regional conflicts always occur so they don't care about foreign conflicts that don't receive any support. The impact on the global economy so far does not appear to be significant, perhaps due to a lack of information on which tasks of this kind will be received more by the respective governments.

Honestly just as how the people manage to adapt the consequences of the Ukraine and Russia war which lead to wheat shortage supply among many other consequences, if anything should go wrong with Gabon, it will affect nothing in global economy, but before we go further in discussion on this, let's take a look at Gabon itself and it's economy values, world ranking, and the influence it gives to other countries that rely on them for sustainability, i know that this country is still a developing country, what are the reasons why we think many countries will rely on Gabon for economy sustainability even within Africa before we going to the global benefits.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Argoo on August 31, 2023, 07:47:34 PM
Military coups are almost always accompanied by violence against civilians and chaos in the country. If, after a short time, the military hands power over to a civilian government that respects democratic principles, then further economic progress is quite possible. If power remains in the hands of the military, it usually turns into a military dictatorship with all the ensuing consequences. External forces are certainly at work in Gabon, and it is difficult to predict anything here. But it looks like things are going to be pretty bleak.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Spaceman1000$ on September 01, 2023, 06:24:32 AM
This particular coup shows that, there is leadership failure in the country of Gabon. First during the just concluded elections, the internet space of Gabon was shutdown, just so that the deposed president Ali Bongo can easily manipulate the results and the world won't see it, because I'm sure the citizens where ready to upload those irregularities on social media.
Funny enough, the president is going for a third tenure even as he is suffering from partial stroke.
I feel the military was patiently waiting for the elections to be over before unleashing whatever they have in mind, with the hope that the president will conduct a free and fair elections.

I cannot apportion blame on France, the Gabonese leaders are the ones selling out the country to anybody, if the countries leader stand their ground and say, they won't accept some the offers been thrown at them by their colonial masters, then we won't have been here calling names.
The African continent should start fighting to make sure, they elect leaders that have the interest of their people first, before the interest of any other country.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 01, 2023, 07:15:23 AM
Sincerely, it is still unclear why the sudden rise of coup in an oil rich country like Gabon.  Other African countries have their problems already, but the reason for this happen to be the long tenure of the head of state.

If you follow up on the news , you will notice how joyous the citizens are, meaning they gave consent and are okay with the result.
Cameroon also has a long sitting head of state who infact resides in France from where he rules. Let's not pray the military rises up and holds a coup too.

The impact of this coup on the economy is the fact that international aids and relief packages from a country like America, some foreign ties will be severed and some investors will have to cease operations in the region. Also, the said pipe line that was to go through the region may have to pause too.
In such situations is where such countries adopt the BRICS currency to trade internationally and export as well as import products seamlessly.

The purpose of these coups, I will separately highlight - CONTROLLED, is DESTABILIZATION. Now huge forces of the whole world are thrown to fight the new brown plague of the 21st century - Rashism. And the carriers of Rashism do not like it. Sabotage in the EU - did not pass, sanctions are pressing ... There is only one way out - it is necessary to "divert" attention, and ideally - to influence the key players in the anti-Putin coalition. For example, France. And preferably the entire EU.  I wrote about a year or two ago - expect active provocations in Africa, expect provocations and attempts to destabilize the borders of the anti-Putin coalition countries, prepare for terrorist attacks - you are dealing with an international terrorist country. But some countries have chosen the position - let's negotiate, let's sign agreements with terrorists. You cannot communicate with terrorists. But the understanding of this comes late, and now for 2--5-10 years some African countries are waiting for very difficult times....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lucius on September 01, 2023, 10:41:50 AM
~snip~
But some countries have chosen the position - let's negotiate, let's sign agreements with terrorists. You cannot communicate with terrorists. But the understanding of this comes late, and now for 2--5-10 years some African countries are waiting for very difficult times....

The saying "We do not negotiate with terrorists" is well-known, but I think that after the withdrawal of the US from Afghanistan, it became completely meaningless, considering that the terrorists became good guys literally overnight. Even your president is starting to change his rhetoric a bit when he talks about possible political negotiations with a "terrorist state" when the conditions are met, referring to successes in the military field.

If we take into account the number of people who die in this war, negotiations are something that is logical and humane, but on the other hand, until the Ukrainian soldier stands on every meter of Ukraine and drives away the occupiers, we cannot say that Ukraine has succeeded.

Africa has always been exploited in the past, and this is the case even now, only Europe may not do that anymore, but Russia will take the main role - and the people who live there obviously do not understand that they must free themselves from all foreign influences if they finally want to start living as the rest of the world.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: kryptqnick on September 01, 2023, 10:43:43 AM
I'm really sorry for people who happen to live in such unstable countries and regions that are prone to coups. I don't think a military takeover is normally a positive thing, but they had pretty much a dynastic rule in that country, it seems, and this coup is a chance of a change. As it's a small country with a population of less than 3 million people, I don't think it'll have any economic impact on the world. As for Gabon itself, it is strongly reliant on France, so if France decides to stop trading with the country following the coup, and if Gabon loses international aid, the impact can be very negative. I know it's a bad thing that they're reliant on their former colonizer, but transitioning from that reliance to something different can take time, and a sudden cut-off can be devastating.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 01, 2023, 11:18:41 AM
The saying "We do not negotiate with terrorists" is well-known, but I think that after the withdrawal of the US from Afghanistan, it became completely meaningless, considering that the terrorists became good guys literally overnight. Even your president is starting to change his rhetoric a bit when he talks about possible political negotiations with a "terrorist state" when the conditions are met, referring to successes in the military field.

If we take into account the number of people who die in this war, negotiations are something that is logical and humane, but on the other hand, until the Ukrainian soldier stands on every meter of Ukraine and drives away the occupiers, we cannot say that Ukraine has succeeded.

Africa has always been exploited in the past, and this is the case even now, only Europe may not do that anymore, but Russia will take the main role - and the people who live there obviously do not understand that they must free themselves from all foreign influences if they finally want to start living as the rest of the world.


You do not quite understand what the "Russian world" is. Terrorism is a part. Moreover, this is the "womb" of all world terrorism. And in this case, there can be no negotiations ...
The second feature of the "Russian world" is total lies and deceit. Russia does not fulfill any treaty if it suddenly stops liking it. Moreover, it will openly lie - and we comply. It was like with my Ukraine, where an agreement on "brotherhood and friendship" was signed between Ukraine and Russia, and Russia signed an obligation to respect and maintain the integrity of the borders of Ukraine ... And it was the agreements, instead of preparing to protect the state from a crazy neighbor, that led to such huge victims in Ukraine from rashism.

The African countries are also waiting, which will "sign the treaties." At first, they will be deceived quietly and accurately, and then they will cynically steal, kill, capture, and say that "this is NATO, they provoked us, the United States is to blame for everything...." and other propaganda nonsense

Do not repeat such mistakes - save your countries, your citizens, your cities ....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on September 01, 2023, 12:32:03 PM
What would have happened if the "West" did not entered these countries and not provided jobs for millions of people? Would they have had the latest technologies (Cars / cellphones / TVs .....) if the developed countries did not use those raw minerals?

It is sad to see all that suffering and how the citizens are exploited by their own leaders.  :(
It is a known fact that the Europeans have contributed to the economic development of Africa. Without them, many resources in Africa would have been untapped and redundant. But they should do more because we have passed the years of colonialism and economic exploration. We know Europe is helping Africa to exploit their natural resources but they should all go a step further by building industries in Africa. Africa shouldn't only be treated as a raw material mine but Europeans can help to industrialize Africa. If Africa is empowered to produce raw materials and finished goods, more jobs with be created and the number of illegal immigrants will reduce.

European companies and politicians should not assist corrupt African leaders in stealing the commonwealth of Africans. Most of these leaders keep stolen wealth in European banks and they are shielded from persecution. An investigation into the money laundering and stealing against the Bongo family was dropped in France because of lack of evidence. I guess it was dropped for political patronage. Europe can help Africa limit corruption if they show a little commitment. 


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Mate2237 on September 01, 2023, 01:17:02 PM
Military coups are almost always accompanied by violence against civilians and chaos in the country. If, after a short time, the military hands power over to a civilian government that respects democratic principles, then further economic progress is quite possible. If power remains in the hands of the military, it usually turns into a military dictatorship with all the ensuing consequences. External forces are certainly at work in Gabon, and it is difficult to predict anything here. But it looks like things are going to be pretty bleak.
Military can't take over power without without violent. I just thank God all the recent coups in Africa, I didn't hear any killing though it might be but I have not heard because that is one thing they normally do to over power the security of the civilian government. They killed all the top corrupt politicians. And one thing I also discovered from this recent happenings, the citizens of the countries are more happier when the military take over power. And that is to show the level of leadership failure in Africa.

But one thing the citizens must know that, military government can't do anything like the civilian government which they were suffering. The military government is there for their own interest and not for the citizens interest. So the civilian government is still much more better than the military regime.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Yogee on September 01, 2023, 01:19:05 PM
[.....]
Africa shouldn't only be treated as a raw material mine but Europeans can help to industrialize Africa. If Africa is empowered to produce raw materials and finished goods, more jobs with be created and the number of illegal immigrants will reduce.
This is the best case scenario - extract the resources then process within the country and sell the product to France and other countries. It's probably more profitable that way but the problem is that the newly installed military leaders can't just nullify signed agreements with companies without any repercussions. Maybe they can renegotiate and add terms that will give the Gabon government more leverage.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Lucius on September 01, 2023, 01:30:19 PM
You do not quite understand what the "Russian world" is. Terrorism is a part. Moreover, this is the "womb" of all world terrorism. And in this case, there can be no negotiations ...
The second feature of the "Russian world" is total lies and deceit. Russia does not fulfill any treaty if it suddenly stops liking it. Moreover, it will openly lie - and we comply.
~snip~


I understand that phrase very well, because I felt on my skin what the phrase "Serbian world" meant when they tried to create a Greater Serbia (https://en.wikipedia.org/wiki/Greater_Serbia) in 1991, and they partially succeeded in that by occupying 49% of the territory of Bosnia and Herzegovina, which today is practically part of Serbia, although still not formally on paper.

If you look at what happened then in the area of Croatia and Bosnia and Herzegovina, you will see that Russian tactics are almost identical to Serbia's, whether it is the political or military action of both countries towards their neighbors.

What happened in my country should never happen in Ukraine, namely that 99% of all crimes were amnestied, and that war reparations were never paid, and that those who participated in the worst crimes became part of society. That's why I said that real peace and justice can only be achieved if you drive away the aggressors by military means, but for that you will have to pay the highest possible price.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: justdimin on September 01, 2023, 02:11:42 PM
Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?
Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon.

We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery.
I agree, I do not think that there will be that much of a big change in the end result as people may expect. Not in a good way or not even in a bad way, it happens in Africa all the time and that's why it's like this right now. Gabon wasn't some advanced high tech nation that was rich, it was a poor nation and it will stay a poor nation and nothing will change.

Regular people may end up with some more banned stuff and all that, but that doesn't mean their life was any better before, they were poor and starving before the coup, and they will be poor and starving after the coup as well. I think that should be the important thing, unless something fundamentally changes, that's not going to be really that important.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Mpamaegbu on September 02, 2023, 01:02:43 PM
What's happening in Africa now is long overdue. In fact, it's coming a bit late than it should've happened. The poverty and anger on the continent of Africa is such a one that is very rare. Political leaders who steal our collective patrimony continually dare us to do our worse, forgetting that they're in the minority. This tide of coup d'etat that's sweeping across nations in Africa and causing corrupt presidents to panic has been well received by the citizens of those country. We saw how Nigeriens took to the streets to celebrate the ousting of a so-called democracy. It's the same thing we saw too in Gabon, of Gabonese in full celebration of the overthrow of Ali Bongo and ending his family reign of over five decades. There are speculations that this coup could spread to other neighbouring countries like Cameroon and Nigeria with the type of undemocratic leadership going on in those two countries.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 02, 2023, 02:23:59 PM
You do not quite understand what the "Russian world" is. Terrorism is a part. Moreover, this is the "womb" of all world terrorism. And in this case, there can be no negotiations ...
The second feature of the "Russian world" is total lies and deceit. Russia does not fulfill any treaty if it suddenly stops liking it. Moreover, it will openly lie - and we comply.
~snip~


I understand that phrase very well, because I felt on my skin what the phrase "Serbian world" meant when they tried to create a Greater Serbia (https://en.wikipedia.org/wiki/Greater_Serbia) in 1991, and they partially succeeded in that by occupying 49% of the territory of Bosnia and Herzegovina, which today is practically part of Serbia, although still not formally on paper.

If you look at what happened then in the area of Croatia and Bosnia and Herzegovina, you will see that Russian tactics are almost identical to Serbia's, whether it is the political or military action of both countries towards their neighbors.

What happened in my country should never happen in Ukraine, namely that 99% of all crimes were amnestied, and that war reparations were never paid, and that those who participated in the worst crimes became part of society. That's why I said that real peace and justice can only be achieved if you drive away the aggressors by military means, but for that you will have to pay the highest possible price.


Such crimes must not be repeated. But unfortunately we have to accept the reality - international corruption, corrupt presidents, corrupt and sometimes criminal "international humanitarian organizations" and so on. Therefore, the world must reorganize and adapt to such events and learn to effectively resist "hybrid" wars, state terrorism - both military and economic, provocations.
Unfortunately, many countries and alliances, in this situation pretend that it does not concern them, and the interests of the economy, and often PERSONAL interests, above the tragedy that such regimes bear....
Therefore, I would recommend African countries not to have relations with such regimes, it will end badly, although they will tell and promise very nicely.
 
PS I am very sorry that you had to live through such events....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: moneystery on September 02, 2023, 02:58:00 PM
quite sure that the coup d'état that occurred in several countries in africa was an action based on the reason that they wanted to break away from the colonial influence of the past and the influence of external parties who incited them to carry out attacks on legitimate government for various reasons. coupled with the unstable global geo-political conditions and the increasingly strong influence of russia and china in the african region, this will trigger military rebellions against governments in various countries in africa that still have links with european countries.

actually what the military was doing was quite reasonable, because most governments in africa were still tied to their colonial countries and there was no equality in the economy to their people. however, if the coup d'état occurs repeatedly, it will hamper economic growth in the african region and it might make poverty even worse there.

moreover, russia and china are the same countries as america and europe who only want to exploit africa's natural resources, but perhaps their approach is more humane and there are big benefits that russia and china can give to these african countries. hopefully these military leaders can bring better solutions to their country and can pay good attention to improving the economy for the welfare of their people.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Silberman on September 02, 2023, 07:32:39 PM
Military coups are almost always accompanied by violence against civilians and chaos in the country. If, after a short time, the military hands power over to a civilian government that respects democratic principles, then further economic progress is quite possible. If power remains in the hands of the military, it usually turns into a military dictatorship with all the ensuing consequences. External forces are certainly at work in Gabon, and it is difficult to predict anything here. But it looks like things are going to be pretty bleak.
It is unlikely the military is going to give up their power just after they got it, and if this coup is the result of external interference then this is even more unlikely, as that external party will not want the same to happen and for Gabon to then move in the opposite direction and cooperate with their political enemies, and like always the average citizen is trapped right in the middle without any say or way to influence those events and they have no other option but to navigate them as well as they can.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Aanuoluwatofunmi on September 02, 2023, 07:39:17 PM
Military coups are almost always accompanied by violence against civilians and chaos in the country. If, after a short time, the military hands power over to a civilian government that respects democratic principles, then further economic progress is quite possible. If power remains in the hands of the military, it usually turns into a military dictatorship with all the ensuing consequences. External forces are certainly at work in Gabon, and it is difficult to predict anything here. But it looks like things are going to be pretty bleak.

Some of the African countries are taking lead to show display in the way of how they were been governed by their elected leaders, which means what the people expects is in opposite direction of what is happening with them, we don't know which country is next in line for another coup since they seemed to have all gone silenced for long over the hardship the innocent people were passing through and their leaders aren't doing anything about it, but are the military taking over too to give the expected change instead of constituting more nuisance.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: be.open on September 03, 2023, 07:10:02 AM
Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?
Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon.

We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery.
Why not compare Gabon with Ukraine? In Ukraine, in 2014, an anti-constitutional coup took place on the Maidan with the overthrow of the legally elected president. The current coups in Africa are made according to the same methodology of "color revolutions". Just because you don't see a direct analogy doesn't mean it doesn't exist.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Huppercase on September 03, 2023, 11:16:20 AM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?


What are we going to call a country that says they practice Democratic government for decades and only 3 presidents have been elected in the country in the history of Gabonese. The father rule the country as the country government for 42 years and died without any achievement in the country, no welfare, decreased and worst standard of living, the number of poor homes is more than half the population of the country. As if we that was not the end, the son took over to rule for 14 years, is that a democracy or monarchy, it would have been better if it was a monarch system of government, they need that coup than anything mate.

African countries are power hungry, once they see power, they see it as a generation opportunity to leach, embezzle and steal without thinking about the people, they rather see citizens die than put citizens tax into good use. If you have been to Gabon to see how they are been coping with this family that have been ruling the country for years now, you will support the coup and provide the ammunition to send those guys out of the presidential for another fresh election.

You see the rate at which the coup has been around African countries, it's a going to be a signed and warning to other countries that have enslaved their citizens and corrupt officials into doing bad things, if they don't change in this short time and improve, believe me this coup will reach their country and they will be brought to justice with time.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: posi on September 03, 2023, 12:47:57 PM
What would have happened if the "West" did not entered these countries and not provided jobs for millions of people? Would they have had the latest technologies (Cars / cellphones / TVs .....) if the developed countries did not use those raw minerals?

It is sad to see all that suffering and how the citizens are exploited by their own leaders.  :(
It is a known fact that the Europeans have contributed to the economic development of Africa. Without them, many resources in Africa would have been untapped and redundant. But they should do more because we have passed the years of colonialism and economic exploration. We know Europe is helping Africa to exploit their natural resources but they should all go a step further by building industries in Africa. Africa shouldn't only be treated as a raw material mine but Europeans can help to industrialize Africa. If Africa is empowered to produce raw materials and finished goods, more jobs with be created and the number of illegal immigrants will reduce.

European companies and politicians should not assist corrupt African leaders in stealing the commonwealth of Africans. Most of these leaders keep stolen wealth in European banks and they are shielded from persecution. An investigation into the money laundering and stealing against the Bongo family was dropped in France because of lack of evidence. I guess it was dropped for political patronage. Europe can help Africa limit corruption if they show a little commitment. 

But the question is the EU, especially France, really helping those African countries or are they appropriating Africa's resources? If they bring technology and knowledge to help these countries, why after all these years is Africa still a land full of disease and poverty while they are countries with abundant resources? I don't trust what the EU is doing in Africa, which is supposed to be helping the African continent develop as the western media is saying. Every coup has its reason.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Sim_card on September 03, 2023, 01:13:33 PM
OP, if you say that the president of Gabon has being ruling for 56yrs now,then I don't see this as democracy, because the people are not allowed to put the leader of their choice,so I will call such government semi-military government, sorry for putting it this way. Anybody that is fighting for power or that doesn't want to give up power for the right person to take over is a corrupt leader and will treat the people the way he likes. We have seen so many leaders in the past like this. I also heard it that the citizens are happy,it means that they have wanted such action for a very long time due to bad leadership from Former President Bongo Odimba. It is true that the Colonial masters are always after the benefits of these poor countries rather to improve the economy of that country.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 04, 2023, 08:27:07 AM
Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?
Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon.

We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery.
Why not compare Gabon with Ukraine? In Ukraine, in 2014, an anti-constitutional coup took place on the Maidan with the overthrow of the legally elected president. The current coups in Africa are made according to the same methodology of "color revolutions". Just because you don't see a direct analogy doesn't mean it doesn't exist.



Well, why are you being so obtuse and primitive FALSE, again ? :)

Anti-presidential demonstrations began in late 2013, and they were caused by a huge set of crimes of the current president - from usurpation of power, building an aligarchic government, stealing budget money, to violating the commitments made on the European integration of Ukraine. As a result, instead of trying to solve the existing problems...he simply fled to Russia. The power, according to the constitution, passed to the Parliament, as the president illegally left his post and refused to fulfill his obligations.
At the same time, the protesters did not seize the authorities, state posts, and other actions that correspond to the concept of coup d'état.

Here is what a coup d'état is: A coup d'état is a violent seizure of power in a state, inevitably carried out in violation of constitutional and legal norms currently in force, usually using force to seize centers of state control and physical isolation. its current leaders.

For the Gabon situation, yes it fits. By the way 1917 is a perfect example of a coup as well...

You must have different information ? Share your "alternative history"  ;D

PS Dear be.open ! When are you going to educate yourself already ? How long do I have to teach you and do your development on altruistic concept ? :)



Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Yogee on September 12, 2023, 12:45:39 AM
It seems there hasn't been a major global impact of the Gabon coup on the global market yet. Eramet has resumed their mining operation and it looks like there's no price increase of Manganese. It's the opposite of what's happening in Niger where Uranium's price is said to have spiked from €0.80/kg to €200/kg.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: pooya87 on September 15, 2023, 05:34:57 PM
People of Niger just arrested the French ambassador ;D This is after another french official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on September 16, 2023, 03:09:22 PM
People of Niger just arrested the French ambassador ;D This is after another french official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.
France is looking for an opportunity to invade Niger. The new government of Niger has ordered Sylvain Itte the French Ambassador to leave the country for not honoring an invitation by the new regime. The ambassador has refused to leave. This situation is a clear indication that France still sees Niger as its colony.  Every country has the right to expel diplomats without restriction but France is pushing the new government to the wall. Even French President Emmanuel Macron is encouraging Sylvain to disobey the orders of the government. France may soon claim that its ambassador has been assaulted and use it as an excuse to launch a military invasion with her allies. But the war will not be easy because this is not the 18th century.  


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 17, 2023, 09:17:59 AM
People of Niger just arrested the French ambassador ;D This is after another french official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.
France is looking for an opportunity to invade Niger. The new government of Niger has ordered Sylvain Itte the French Ambassador to leave the country for not honoring an invitation by the new regime. The ambassador has refused to leave. This situation is a clear indication that France still sees Niger as its colony.  Every country has the right to expel diplomats without restriction but France is pushing the new government to the wall. Even French President Emmanuel Macron is encouraging Sylvain to disobey the orders of the government. France may soon claim that its ambassador has been assaulted and use it as an excuse to launch a military invasion with her allies. But the war will not be easy because this is not the 18th century.  


"On July 26, 2023, soldiers from the Presidential Guard blocked access to Bazoum's residence. The president's office said on the president's Twitter account that individual guards "launched a mutiny in a vain attempt to gain the support of the National Armed Forces and the National Guard."....""

Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on September 17, 2023, 01:31:06 PM
Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....
Toppling a democratically elected government is not acceptable but it has already happened. For now, the recognized government in Niger is the military. They might not be recognized by France and its allies but some countries have accepted them. It is noteworthy to state that Niger is a sovereign nation that should be allowed to handle its affairs without external influence. ECOWAS has decided to embrace the path of dialogue but the bullying from France can truncate the peace process. We know France has enormous economic concerns in Niger but they have to recognize that change is constant and should play by the new rules of the game.

At least we just saw recently the long-term consequences of war in Libya where neglect of infrastructure has caused the death of thousands. Those dams where not maintained because of instability caused by the invasion of the US and its allies. We don't want war in Niger and France shouldn't cause one.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 18, 2023, 08:16:49 PM
Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....
Toppling a democratically elected government is not acceptable but it has already happened. For now, the recognized government in Niger is the military. They might not be recognized by France and its allies but some countries have accepted them. It is noteworthy to state that Niger is a sovereign nation that should be allowed to handle its affairs without external influence. ECOWAS has decided to embrace the path of dialogue but the bullying from France can truncate the peace process. We know France has enormous economic concerns in Niger but they have to recognize that change is constant and should play by the new rules of the game.

At least we just saw recently the long-term consequences of war in Libya where neglect of infrastructure has caused the death of thousands. Those dams where not maintained because of instability caused by the invasion of the US and its allies. We don't want war in Niger and France shouldn't cause one.


I'm gonna have to disappoint you.

1.Ogapo S. A. (Areva S. A. until 2018) is a large French state-owned company, the leader of the French nuclear industry.
2.MOSCOW, July 31 - RIA Novosti.
Orano continued uranium mining in Niger despite the military coup.
French corporation Orano continues uranium mining in Niger, the military coup that took place in the country has not affected its activities, Monde newspaper reported citing the company's representatives.
Orano has been present in Niger for more than 50 years and is engaged, in particular, in the development of one of the world's largest uranium deposits Imouraren near the city of Arlit, the reserves of which are estimated at 200 million tons.

https://www.lemonde.fr/international/article/2023/07/31/apres-le-coup-d-etat-au-niger-orano-active-une-cellule-de-crise-pour-veiller-sur-ses-mines-d-uranium-dans-le-nord-du-pays_6183940_3210.html


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on September 25, 2023, 03:05:13 AM
People of Niger just arrested the French ambassador ;D This is after another French official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.
Finally, France is going back home after a long time of protest by citizens of Niger. President Emmanuel Macron announced that the French ambassador to Niger and other top diplomats will be returning to Paris. Also leaving the country are about 1,500 French soldiers. The new government celebrated the news with joy calling it a right move towards the freedom of Niger. Burkina Faso, Mali and Niger have already signed a military alliance treaty to fight threats of terrorist groups and external aggression. Nigerians have successfully attained military and political independence, and economic and social independence will come gradually.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 25, 2023, 05:57:21 PM
Finally, France is going back home after a long time of protest by citizens of Niger. President Emmanuel Macron announced that the French ambassador to Niger and other top diplomats will be returning to Paris. Also leaving the country are about 1,500 French soldiers. The new government celebrated the news with joy calling it a right move towards the freedom of Niger. Burkina Faso, Mali and Niger have already signed a military alliance treaty to fight threats of terrorist groups and external aggression. Nigerians have successfully attained military and political independence, and economic and social independence will come gradually.

And do you seriously believe that in the wake of the illegal overthrow of the government, and the seizure of power, quality prospects are possible ?
I will not talk about the personalities who made the coup and seizure of power. I have a few questions:
1. What is the program of stabilization and development of the Nigerian economy?
2. The financial system - what reforms are proposed ?
3. tax reform - what reforms are proposed ?
4. education, medicine - what are the plans ?
5. Social program - pensions, assistance to the poor - sources of financing, and the program itself ?

I assume that there will be no answers, because the new "president" has not thought about anything but power.....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DVlog on September 25, 2023, 07:10:10 PM
After the Middle East, Africa is the most tensed era in the world, i think. This region is full of natural resources, and major powers use this regional instability to get these minerals cheap. They can be the producers of gold, diamonds, silver, and other minerals that have different uses in our economy, but we don't eat them. So as long as people are fed, there won't be much trouble on this globe. I think the Russia-Ukraine war caused more damage to the world economy.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: EluguHcman on September 25, 2023, 08:42:21 PM
Gabon has been a local community struggling to achieve her goals o
for the development stability that is majorly focuses its source on the natural resources produces. If I have to chipping about the nation Gabon disconnection it economic governance from France longing to align with another country, then I must say that this would insights grudges and exceeds an existing conflict amongst the global power holders scrambling for economic influence.

The coup could aid to yield about decisions that often creates the craving of exacerbating the political systems with an accompanyment of social conditional effects.
This also could lead a weigh down(setback) of the international communities that is affiliated with the government and of course the economy with the couped nation (Gabon) with the potentials to boosten other opposition international countries economy likely in competition with the others (France).

Moreso, such situation could proffers to a whistle blowing for diffusion of refugees and illegality indulgence for survival which spreads and crumbles to negatively affect the economy.

I will rest to say that the coup in a nation (Gabon) tends to spread a global economic threats and sanctions with the significant rises in the marketing sector overheading the economic system where inflation is staked to hit a global.



Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Cryptomultiplier on September 25, 2023, 10:19:49 PM
After the Middle East, Africa is the most tensed era in the world, i think. This region is full of natural resources, and major powers use this regional instability to get these minerals cheap. They can be the producers of gold, diamonds, silver, and other minerals that have different uses in our economy, but we don't eat them. So as long as people are fed, there won't be much trouble on this globe. I think the Russia-Ukraine war caused more damage to the world economy.
The issue I have come to understand from my own narrative is that of power or a leadership role, being in the helm of an individual for too long.
It makes growth and development into other overlooked sectors slow or insignificant, whereas the leader does what's best in their eyes and become arrogant when confronted.
New governments always have an economic effect on the country because out with old policies, comes the new, and does so with brute or smile because that's why it came into power in the first place.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: KingsDen on September 25, 2023, 10:39:53 PM
After the Middle East, Africa is the most tensed era in the world, i think. This region is full of natural resources, and major powers use this regional instability to get these minerals cheap. They can be the producers of gold, diamonds, silver, and other minerals that have different uses in our economy, but we don't eat them. So as long as people are fed, there won't be much trouble on this globe. I think the Russia-Ukraine war caused more damage to the world economy.
It is long overdue for Africans to fight for themselves and having these coups is one of the ways to fight for their freedom.  I may be asked if these countries are still being colonised till date but the answer is no. But if you look inwardly you will still understand that Africans are indirectly still under colonial rule and this time it is caused by their selfish and greedy leaders.

The mineral resources of the Africans are not refined in Africa, rather it is transported to Europe and refined there, the remnants of the refined products would be transported back to the African countries and sold to them in an expensive prices.
The corrupt African leaders rig themselves into power and their European counterparts will justify the act in order to unjustly continue benefiting from the gross impunity.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DVlog on September 26, 2023, 09:21:40 AM
After the Middle East, Africa is the most tensed era in the world, i think. This region is full of natural resources, and major powers use this regional instability to get these minerals cheap. They can be the producers of gold, diamonds, silver, and other minerals that have different uses in our economy, but we don't eat them. So as long as people are fed, there won't be much trouble on this globe. I think the Russia-Ukraine war caused more damage to the world economy.
It is long overdue for Africans to fight for themselves and having these coups is one of the ways to fight for their freedom.  I may be asked if these countries are still being colonised till date but the answer is no. But if you look inwardly you will still understand that Africans are indirectly still under colonial rule and this time it is caused by their selfish and greedy leaders.

The mineral resources of the Africans are not refined in Africa, rather it is transported to Europe and refined there, the remnants of the refined products would be transported back to the African countries and sold to them in an expensive prices.
The corrupt African leaders rig themselves into power and their European counterparts will justify the act in order to unjustly continue benefiting from the gross impunity.

Due to poor economic conditions, western countries manipulate their politics and economies. Europeans talk about human rights in other parts of the world, but when it comes to the African continent, they become blind. Why are these countries still in these conditions when they are the richest in the world in natural resources? Europeans just wanted to keep their claws in these countries to fuel their economies, nothing more.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: inthelongrun on September 26, 2023, 10:41:36 AM
Gabon has been a local community struggling to achieve her goals o
for the development stability that is majorly focuses its source on the natural resources produces. If I have to chipping about the nation Gabon disconnection it economic governance from France longing to align with another country, then I must say that this would insights grudges and exceeds an existing conflict amongst the global power holders scrambling for economic influence.

The coup could aid to yield about decisions that often creates the craving of exacerbating the political systems with an accompanyment of social conditional effects.
This also could lead a weigh down(setback) of the international communities that is affiliated with the government and of course the economy with the couped nation (Gabon) with the potentials to boosten other opposition international countries economy likely in competition with the others (France).

Moreso, such situation could proffers to a whistle blowing for diffusion of refugees and illegality indulgence for survival which spreads and crumbles to negatively affect the economy.

I will rest to say that the coup in a nation (Gabon) tends to spread a global economic threats and sanctions with the significant rises in the marketing sector overheading the economic system where inflation is staked to hit a global.



I also believe that Gabon's elections were dirty. The Bongo family has been in Gabon's power for fifty years and most of its population is poor. It seems like the huge natural resources of Gabon only benefitted those in power. The family is so powerful and France is its main solid supporter that it is impossible to beat him in an election. Usually I do not agree with any coup d'etat but let's just hope that the interim government will conduct another fresh but clean election. Maybe it can ask for help from the UN so representatives will be sent. Also, the interim government should keep the French from intervening.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Pingrapole on September 26, 2023, 11:08:56 AM
Any type of coup is a serious disease for the global economy because it is not easily managed and just as the disease does not end quickly, the effect of a coup is long-lasting.Just as the English during the colonization of different countries forced them to produce industrial raw materials from different places only to protect their factories, so now there is a coup in Africa That is the same reason why France is so concerned about the raw materials of their industry as their place of supply It was Its upheaval in the world economy will have a huge impact, with the world in such a state of turmoil due to various wars, a little upheaval will turn into terrible consequences because the raw materials for making batteries and steel A very important component of today's electrical world. Current civilization survives. It will have a huge impact on the electronic system Then people will not be able to buy at the same rate as they are buying and companies will be forced to downgrade their market position.Of course, this coup will have a big impact on the economy of the region and the world economy may not be like other wars, but it will suffer a lot and there is a big conspiracy behind it And the motives behind these events are taking place only for their own benefit and through third parties to establish their own interests.And Africa is currently being used as a playground for the Western world, for example this coup.The world economy may not be the same as the war in Russia and Ukraine But roughly it will have a good effect and the main purpose of this coup will be understood in a few days then we will understand who is actually trying to do it and what their motive could be.This is happening as a result of certain countries controlling their mines by some companies and other interested countries wanting France to keep them out.This coup is definitely bad for the people of that region. We think it might not be much of a problem, but I think it is the first tool used to destabilize the region in the coming day Their real form will be understood.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Uruhara on September 26, 2023, 01:57:12 PM
Because I may not know the real situation there. Because usually the emergence of a coup is caused by dissatisfaction felt by certain parties. But a coup can also occur because of a struggle for power. And many other types of coups. But regardless of the problem. In fact, the impact of a coup in an ordinary country may not be that big on the global economy. But if it is a country that produces raw materials from mining or similar then clearly it will have a slight impact on the global economy in terms of the type of mining material itself. It's just that maybe it won't have a big effect on other things.

What I'm worried about is that there are outside parties who actually trigger this coup to happen. So that they can enter and make big profits afterwards. But I hope it's not like what I think.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Rockstarguy on September 26, 2023, 02:55:33 PM

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.
I think the main reason for these coup in these Africa countries is because of bad leadership, from what I saw from these countries during a successful coup I see citizens celebrating.  I normally ask myself  why are these citizens celebrating which i think that they celebrate because the leadership, government have been performing very bad, because if a government is doing well their won't be celebration when a coup is successful, I think the citizens celebrate the military because they feel the military can put things better that the civilian government.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Pierre 2 on September 26, 2023, 03:19:41 PM
I think coup there mainly affects Africans and Africans only. Its so sad African countries destabilized with coup after coup or civil wars so they can't find a time to develop their countries, feed their people, study their kids. In my opinion coup makers are nearly always power hungry and most of the time even more corrupt than democratically elected presidents. So I think economic effect of it will be devastating on Africa. I see why people see coup against France good etc but coups are generally helped by other forces as well. Many people think Russia was in it. I personally don't know.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: pooya87 on September 26, 2023, 03:24:35 PM
I think the main reason for these coup in these Africa countries is because of bad leadership, from what I saw from these countries during the successful I see citizens celebrating.  I normally ask as myself  why are these citizens celebrating which i think that they celebrate because the leadership, government have been performing very bad, because if a government is doing well their won't celebration when a coup is successful, I think the citizens celebrate the military because they feel the military can put things better that the civilian government.
That's a good point. Despite what some of the propaganda has been saying about the situation in a couple of African countries, people are behind these changes and they believe that these changes can only happen with armed forces.
Besides the problem with most of these so called "civilian governments" is not wasn't that they didn't perform well. It's because they were either installed or backed by the West or both. So the only thing these governments did was to fulfill the colonizers' interests.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: philipma1957 on September 26, 2023, 04:57:49 PM
People of Niger just arrested the French ambassador ;D This is after another french official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.
France is looking for an opportunity to invade Niger. The new government of Niger has ordered Sylvain Itte the French Ambassador to leave the country for not honoring an invitation by the new regime. The ambassador has refused to leave. This situation is a clear indication that France still sees Niger as its colony.  Every country has the right to expel diplomats without restriction but France is pushing the new government to the wall. Even French President Emmanuel Macron is encouraging Sylvain to disobey the orders of the government. France may soon claim that its ambassador has been assaulted and use it as an excuse to launch a military invasion with her allies. But the war will not be easy because this is not the 18th century.  


"On July 26, 2023, soldiers from the Presidential Guard blocked access to Bazoum's residence. The president's office said on the president's Twitter account that individual guards "launched a mutiny in a vain attempt to gain the support of the National Armed Forces and the National Guard."....""

Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....

This is a classic "meet the new boss same as the boss move"

I can only hope it does not get worse with mass executions and the military pillaging the civilians.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: pooya87 on September 27, 2023, 07:41:42 AM
I can only hope it does not get worse with mass executions and the military pillaging the civilians.
Such things only happen in the Western orchestrated coups where those involved are taking orders from foreign powers and they have to suppress the people in order to be able to rule over them. In case of the coups in Africa, from what I've seen, they are coming from the people themselves not some foreign powers which means if there would be any executions it would be execution of the foreign criminals and occupiers.

But of course we have to wait and see what the future holds. So many similar previous revolutions were shut down by the colonizers by mass murdering people in order to shut it down and revert the changes.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on September 27, 2023, 03:01:49 PM
"On July 26, 2023, soldiers from the Presidential Guard blocked access to Bazoum's residence. The president's office said on the president's Twitter account that individual guards "launched a mutiny in a vain attempt to gain the support of the National Armed Forces and the National Guard."....""

Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....

This is a classic "meet the new boss same as the boss move"

I can only hope it does not get worse with mass executions and the military pillaging the civilians.

That is the essence of the problem: there is not a change of power to improve the situation in the country and the economy, but simply the seizure of power by a dubious group, who have no other goals except the goal of power and personal enrichment. Plus they believe that they can hold power by any method available to them - and this means death, destruction, further degradation of the country.... It is very unfortunate that often the population supports such coups, and then they themselves suffer from the fact that once again they did not think, but simply believed the crooks.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: sana54210 on October 01, 2023, 06:24:35 PM
Because I may not know the real situation there. Because usually the emergence of a coup is caused by dissatisfaction felt by certain parties. But a coup can also occur because of a struggle for power. And many other types of coups. But regardless of the problem. In fact, the impact of a coup in an ordinary country may not be that big on the global economy. But if it is a country that produces raw materials from mining or similar then clearly it will have a slight impact on the global economy in terms of the type of mining material itself. It's just that maybe it won't have a big effect on other things.

What I'm worried about is that there are outside parties who actually trigger this coup to happen. So that they can enter and make big profits afterwards. But I hope it's not like what I think.
I would guess that coups are usually not to make a nation better but to get into the power yourself instead. Looking at all the coups in Africa so far, majority of it didn't made the nations better, the point was never to get the nation into a better place, there are nations where coup didn't even change the daily life, it was literally nothing. Why did it happen then?

Well, politicians are politicians and they are people in suits, whereas military is military and they can just decide to take over whenever they want, even if you were a military leader and took over with a coup, new military leader could do it to you as well. That makes it the better situation and then they end up living happily with all the money they steal.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: bittraffic on October 01, 2023, 06:38:46 PM
"On July 26, 2023, soldiers from the Presidential Guard blocked access to Bazoum's residence. The president's office said on the president's Twitter account that individual guards "launched a mutiny in a vain attempt to gain the support of the National Armed Forces and the National Guard."....""

Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? :)
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....

This is a classic "meet the new boss same as the boss move"

I can only hope it does not get worse with mass executions and the military pillaging the civilians.

That is the essence of the problem: there is not a change of power to improve the situation in the country and the economy, but simply the seizure of power by a dubious group, who have no other goals except the goal of power and personal enrichment. Plus they believe that they can hold power by any method available to them - and this means death, destruction, further degradation of the country.... It is very unfortunate that often the population supports such coups, and then they themselves suffer from the fact that once again they did not think, but simply believed the crooks.

This time I think they got it right removing the government leaders of their country especially the countries in Saheel. Governments in those regions like that of Niger are backed by France. These countries are still colonized by France and they are now removing France's military from their countries. 

France embassy took terrible embarrassment when the junta cut their electricity and water supply eventually kicking them out. And they are also planning to kick out the US military too. Somehow the governments of those countries find Russia and China to be their new partners.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Smartvirus on October 01, 2023, 09:17:12 PM
The president Ali Bongo Ondimba family history as the president has been since 56 years ago, but the majority of the country lives in poverty:
I look at those numbers and wonder just how democratic they’ve been in Gabon and wonder if any of the European country truly practice such democracy?
It seems like it’s an Africa arise session and this can be done only through the military, taking back their country from the hands and plots of neocolonialism that continues in the form of resources. Before now, it was about human resource but now, it’s all natural resources. Africa can’t keep been a raw material extract epicenter.

Africa needs to develop and be able to use these resources to better Africa and the condition of living in Africa. Just how do a people produce that which stabilizes other nations and them themselves lives in poverty and unbalanced societies. Where waders prefer ruling their people from a foreign country! It’s just absurd.

I just hope these military guys don’t go corrupt as the formal democrats. It’s there’s to decide and so, let Gabon decide.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: panganib999 on October 01, 2023, 10:00:29 PM
A coup whether successful or not carries with it effects and omens in a sense. For the most part, these coups are a testament or an after-effect of a community/tribe/group of people under a single banner's dismay of the current system with which the government operates. So much so that the only thing they see that would answer this is the head of the country's leader. That itself is a symptom, the fact that they are not satisfied with what they are being given, shows that the country is either both incapable of providing these people what they want, or just simply unwilling, both unwise choices if I do say so myself.

A coup would also weaken the country's military defense, instead of investing these people to train for bigger wars, they are left to fend off the attacks, which will expend them, weaken them by the numbers, and may even cook their morale to a point that a few of them may join the militant action as well.

Coups carry with it a lot of effects, not just economic. Economy will be hit first, but it will be the last one standing as well.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on October 02, 2023, 04:52:40 PM
This time I think they got it right removing the government leaders of their country especially the countries in Saheel. Governments in those regions like that of Niger are backed by France. These countries are still colonized by France and they are now removing France's military from their countries. 
France embassy took terrible embarrassment when the junta cut their electricity and water supply eventually kicking them out. And they are also planning to kick out the US military too. Somehow the governments of those countries find Russia and China to be their new partners.

If a country's government was corrupt, cared only about its own profit and spit on the people of the country - I agree, such a government should be stripped of power.
Another question is what does the new government offer to the people?
No offense, but I have not yet seen a single coup in African countries, where as a result of such a change of power the situation would have changed really for the better, for the country, for the population, and not for the "new government".
Perhaps I have not studied history in depth, I would be grateful if you could provide other information.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Y3shot on October 04, 2023, 01:49:29 PM
This time I think they got it right removing the government leaders of their country especially the countries in Saheel. Governments in those regions like that of Niger are backed by France. These countries are still colonized by France and they are now removing France's military from their countries. 
France embassy took terrible embarrassment when the junta cut their electricity and water supply eventually kicking them out. And they are also planning to kick out the US military too. Somehow the governments of those countries find Russia and China to be their new partners.

If a country's government was corrupt, cared only about its own profit and spit on the people of the country - I agree, such a government should be stripped of power.
Another question is what does the new government offer to the people?
No offense, but I have not yet seen a single coup in African countries, where as a result of such a change of power the situation would have changed really for the better, for the country, for the population, and not for the "new government".
Perhaps I have not studied history in depth, I would be grateful if you could provide other information.
I can't really remember, their was this coup that happened recently and the new government gave the finance minister during the old government 48hours if not mistaken to come and give account on how money was spent during the old government regime which he was crying on a live television because he doesn't know how to go about to give account.  From the coup we have been  seeing so far we see the reactions of the people how happy they are, I know most coup haven't change the system totally but a transition government is far better than previous government in terms of corruption.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on October 04, 2023, 04:18:48 PM
I can't really remember, their was this coup that happened recently and the new government gave the finance minister during the old government 48hours if not mistaken to come and give account on how money was spent during the old government regime which he was crying on a live television because he doesn't know how to go about to give account.  From the coup we have been  seeing so far we see the reactions of the people how happy they are, I know most coup haven't change the system totally but a transition government is far better than previous government in terms of corruption.


I saw that video too. And the reaction of the "Minister of Finance" is quite expected - working in a corrupt scheme, it is difficult to give an honest report, and not giving one is a death penalty. In short, they will be shot either for corruption or for hiding corruption. There should be punishment, and it should be such that it would be more profitable not to commit a crime than to be punished for it.
But "showboating" As a technician, I can say a phrase that well describes my thought: it is not so important the error of the system as the reaction of the system to the error. I.e. what we need from the new government is not a "show with punishment", but a real plan to bring the country out of the critical situation of corruption and a declining economy. But... I haven't heard a word of such a plan from the "new president". I'm afraid it will end with the next coup, where the current government will be punished... and so on in a circle.....


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: uchegod-21 on October 04, 2023, 09:12:39 PM
This time I think they got it right removing the government leaders of their country especially the countries in Saheel. Governments in those regions like that of Niger are backed by France. These countries are still colonized by France and they are now removing France's military from their countries. 
France embassy took terrible embarrassment when the junta cut their electricity and water supply eventually kicking them out. And they are also planning to kick out the US military too. Somehow the governments of those countries find Russia and China to be their new partners.

If a country's government was corrupt, cared only about its own profit and spit on the people of the country - I agree, such a government should be stripped of power.
Another question is what does the new government offer to the people?
No offense, but I have not yet seen a single coup in African countries, where as a result of such a change of power the situation would have changed really for the better, for the country, for the population, and not for the "new government".
Perhaps I have not studied history in depth, I would be grateful if you could provide other information.

Coups in Africa are usually for selfish reasons.  No Successful coup has benefited the common man. There is no guarantee right now that the new government will do better. The citizens are already enduring the harsh economy of the the state. Restricting some of their fundamental rights (which is very common in a military regime) is another burden altogether. No one is certain about what the new day brings as the military head of state can issue a decree any moment to counter what the previous government had on ground.

Businesses cannot strive in such an environment.  Foreign investors and tourists will not find the country attractive for business or recreation. The whole political and economic environment is tensed up. No coup has worked in favour of Africa


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Yogee on October 05, 2023, 12:10:32 AM
[....]
Coups in Africa are usually for selfish reasons.  No Successful coup has benefited the common man. There is no guarantee right now that the new government will do better. The citizens are already enduring the harsh economy of the the state. Restricting some of their fundamental rights (which is very common in a military regime) is another burden altogether. No one is certain about what the new day brings as the military head of state can issue a decree any moment to counter what the previous government had on ground.

Businesses cannot strive in such an environment.  Foreign investors and tourists will not find the country attractive for business or recreation. The whole political and economic environment is tensed up. No coup has worked in favour of Africa
I am not well-versed in the history of coups and in Africa but what I want to ask is would you rather have a country that is being run by "puppets" than by a nationalistic leader? I mean it's been pretty much established that the former President is heavily influenced by the French Government. No military takeover succeeded before as you said and maybe that's because they didn't get support from other countries. It could be different this time with the increasing presence of China.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fiatless on October 05, 2023, 09:03:05 AM
If a country's government was corrupt, cared only about its own profit and spit on the people of the country - I agree, such a government should be stripped of power.
Another question is what does the new government offer to the people?

I will accept that the focus of any government (military or civilian), should be to uplift the living conditions of the people.  But we have seen in Africa is the opposite because most military coups brought more suffering to the people. It brought corruption and extra judicial killings.

Quote

No offense, but I have not yet seen a single coup in African countries, where as a result of such a change of power the situation would have changed really for the better, for the country, for the population, and not for the "new government".
Perhaps I have not studied history in depth, I would be grateful if you could provide other information.
But your stance that no coup in Africa has led to the development of the country is not factual.

You need to read about the coup carried out by Thomas Sankara that turned Burkina Faso into a Pan-African state
https://en.m.wikipedia.org/wiki/Thomas_Sankara

Check the coup of Jerry Rawlings that improved the Ghanaian economy. https://en.m.wikipedia.org/wiki/Jerry_Rawlings

Libyans are still regretting the killing of Muammar Gaddafi by a Western-backed insurrection. Libya was better than some European nations when Gaddafi was in power and he will be forever remembered as a great military leader.https://en.m.wikipedia.org/wiki/Muammar_Gaddafi

Murtala Muhammed is celebrated as one of the best Nigerian leaders but he was a military head of state. He changed almost all the sectors of Nigeria positively in a few months.
https://en.m.wikipedia.org/wiki/Murtala_Muhammed


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: trendcoin on October 05, 2023, 11:10:15 PM
In my country there have been many coups by fascists in the past and we are still facing this danger. Each coup took our country back 10 years in terms of economic and social life. Thanks to God, there has not been a coup for the last 20 years and the last coup was stopped by our people standing against the tanks. Some of those who stood against the tanks lost their lives. We really fought a great struggle and won our freedom.

https://image.yenisafak.com/resim/upload/wiki/198f2eeb6c3fbe8fresized_a9dbc6852fa6fasasa_.jpg

We cannot talk about peace unless we send the barbarians who do not respect the results of democracy to the bottom of hell. Damn all coups, whether pro-Western or pro-Eastern. There is no sign that the new government that comes with a coup will be better than the old one. We can only survive if we preserve the culture of democracy and make it widespread.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: gabbie2010 on October 08, 2023, 12:37:13 PM


The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?

From my own point of view I agreed with some public opinion which are of the view that France had continue to exploit those countries resources without replicating it with massive infrastructural development instead they continue to enrich the few corrupt civilian rulers this had been going on for years, civilian leaders are very corrupt using all their mineral proceeds obtained from France by investing in abroad at the expense of growing numbers of unemployed youths, rapid infrastructural decay without redress this is absolutely unacceptable and consequently brought about the coup that had taken place which was widely accepted by the citizens in those countries.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Fortify on October 09, 2023, 08:46:39 PM
Just early this morning some group of soldiers in Gabon (https://www.google.com/amp/s/www.aljazeera.com/amp/news/liveblog/2023/8/30/gabon-crisis-live-news-soldiers-seize-power-cancel-election-result) declared that they had overthrown the democratically elected government in Gabon, Africa. President Ali Bongo Ondimba has been placed under house arrest and there are also celebrations on the streets of the capital  Libreville.

Some observers believe that these coups in these former French colonies like the Central African Republic, Mali, Burkina Faso, and Niger is to reduce France's economic influence in Africa. Gabon has the largest manganese mine in the world and it is controlled by the French mining group Eramet. Manganese is a major raw material used to produce steel and batteries. The company that employs about 8,000 workers has suspended its operation due to this coup. There have also been concerns about the continuity of uranium mining by French-based Orano after the coup in Niger. Niger supplies about controlled 15% of France’s uranium needs.

The argument from the citizens of these African countries is that France is only concerned about exploiting raw materials and doesn't care about the development of the local economy. Others are also stimulating  that these coups are sponsored by some external forces that want to replace France. What is the economic effect of the coup in Gabon on the global economy?


Sadly at this point, another coup has an almost negligible effect on the general prosperity of Africa. It seems to run through the veins of the continent that even democratic leaning countries are so fragile, they can be overthrown with pressure applied in the right (or wrong) places. To countries like Russia, where the governments are considered either vulnerable to manipulation or can be setup for a coup, they benefit from injecting their mercenaries in and profit from the highest bidder - almost as if it's a new industry they are creating. They'll definitely get paid first as well, when they are positioned to "guard" key locations like diamond mines or similar, so the politicians simply get brushed aside if they do not agree.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Y3shot on October 10, 2023, 04:06:45 PM
What is the economic effect of the coup in Gabon on the global economy?
Countries that depended heavily on them and were exploiting them will be directly affected by the coup because the military that has taken over will not want to continue with any agreement that they may have had with the ousted government. If it was raw materials, there will be shortages, if it was food export, there will be shortage too.

For you, the countries usually taken over by a coup often issue a no-flight zone (NFZ) on their airspace, so as a person who is travelling by air and  may have to travel pass their airspace, flights may be redirected and perhaps flight fees will increase, so you spend more.
This is if the military will really do what the civilian government couldn't do because for sometime now I have heard about some military coup that had taking place in some countries in Africa but I haven't heard any significant change in this country.  To me I feel the reason for most of the coup happening in Africa is as a result of revenge or disagreement between military and the government,  it wasn't done because they have good agenda of rebuilding the economy. It was only some years back that I know of coups in Africa that affected the economy for good, but this recent coup no good change or effect in the economy.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: uchegod-21 on October 10, 2023, 04:39:01 PM
[....]
Coups in Africa are usually for selfish reasons.  No Successful coup has benefited the common man. There is no guarantee right now that the new government will do better. The citizens are already enduring the harsh economy of the the state. Restricting some of their fundamental rights (which is very common in a military regime) is another burden altogether. No one is certain about what the new day brings as the military head of state can issue a decree any moment to counter what the previous government had on ground.

Businesses cannot strive in such an environment.  Foreign investors and tourists will not find the country attractive for business or recreation. The whole political and economic environment is tensed up. No coup has worked in favour of Africa
I am not well-versed in the history of coups and in Africa but what I want to ask is would you rather have a country that is being run by "puppets" than by a nationalistic leader? I mean it's been pretty much established that the former President is heavily influenced by the French Government. No military takeover succeeded before as you said and maybe that's because they didn't get support from other countries. It could be different this time with the increasing presence of China.

They always make us believe that the new government will do better but at the end, they turn out to be like the former or even worse. How will things go well when there is no separation of power? There will be too much power vested in the hands of the military which is not healthy for any government. It will only be fair if the new government will do things constitutionally for the benefit of all.
Let's just keep our fingers crossed.  Who knows, this might be a turning point for Gabon and other African countries who have experienced coup.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on October 12, 2023, 08:23:16 PM
If a country's government was corrupt, cared only about its own profit and spit on the people of the country - I agree, such a government should be stripped of power.
Another question is what does the new government offer to the people?

I will accept that the focus of any government (military or civilian), should be to uplift the living conditions of the people.  But we have seen in Africa is the opposite because most military coups brought more suffering to the people. It brought corruption and extra judicial killings.

Quote

No offense, but I have not yet seen a single coup in African countries, where as a result of such a change of power the situation would have changed really for the better, for the country, for the population, and not for the "new government".
Perhaps I have not studied history in depth, I would be grateful if you could provide other information.
But your stance that no coup in Africa has led to the development of the country is not factual.

You need to read about the coup carried out by Thomas Sankara that turned Burkina Faso into a Pan-African state
https://en.m.wikipedia.org/wiki/Thomas_Sankara

Check the coup of Jerry Rawlings that improved the Ghanaian economy. https://en.m.wikipedia.org/wiki/Jerry_Rawlings

Libyans are still regretting the killing of Muammar Gaddafi by a Western-backed insurrection. Libya was better than some European nations when Gaddafi was in power and he will be forever remembered as a great military leader.https://en.m.wikipedia.org/wiki/Muammar_Gaddafi

Murtala Muhammed is celebrated as one of the best Nigerian leaders but he was a military head of state. He changed almost all the sectors of Nigeria positively in a few months.
https://en.m.wikipedia.org/wiki/Murtala_Muhammed


Thank you for the information, I really didn’t know about some people and their contribution to the DEVELOPMENT and CHANGE of their countries.
But there are nuances...
1. Thomas Sankara. I agree, he launched reforms in the country...but was soon killed by the “Durg” Blaise Compaoré. After which many more coups took place in the country, as a result the country can hardly be called changing for the better.
2. Blaise Compaoré - I completely agree here, the man managed to improve the economy and wisely manage the country's rich resources. Not perfect, but compared to many others it’s very good.
3. Murtala Muhammad. I found no information about his reforms. But I found an explanation for the temporary positive effect - “Having become the head of state, Murtala Muhammad inherited a huge amount of oil and petroleum resources, as well as huge but untapped reserves of natural gas.” . Perhaps you can clarify what reforms he led and carried out?
4. Muammar Gaddafi is a very controversial figure. On the one hand - the “father of the nation”, on the other hand, the man behind the beautiful picture had a lot of grief. Killed by his own “loving citizens”... I read a lot of different stories about him, some positive but also many very negative.

These are 4 characters for the entire continent, for the entire 20/21st century. Most of the other coups unfortunately did not produce anything positive. I looked for information, but couldn't find it...

Please do not take my answer as an attempt to offend you, this is just the overall picture. It seems that there were individuals who wanted to bring benefit and progress to their countries, but there were really only a few of them, and the further situation did not develop in the best way.

With hope for understanding!


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: usekevin on October 12, 2023, 10:19:02 PM

They always make us believe that the new government will do better but at the end, they turn out to be like the former or even worse. How will things go well when there is no separation of power? There will be too much power vested in the hands of the military which is not healthy for any government. It will only be fair if the new government will do things constitutionally for the benefit of all.
Let's just keep our fingers crossed.  Who knows, this might be a turning point for Gabon and other African countries who have experienced coup.

The coup always target the government and build the new government using the people and army support.But the problem in the coup is they act like the monopoly and military rule in the country,for certain things the military government will be good.But the coup are less knowledge about the administration,So they can’t hold the government for the longer period.The best way of the government to the people is  democratic government,but the government should work for the people.But most of the democratic government was running for the self benefit.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: Joshapat on October 14, 2023, 01:31:42 PM
It will indeed be difficult for Africa to have peace, this is because the economic gap is very high, and in my opinion the conflicts that occur in several countries will certainly make economic problems even more complicated, it is natural that inflation in many African countries will increase significantly and what will the countries that once colonized do? like france is for its own sake.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: superman184 on October 14, 2023, 04:46:02 PM
It will indeed be difficult for Africa to have peace, this is because the economic gap is very high, and in my opinion the conflicts that occur in several countries will certainly make economic problems even more complicated, it is natural that inflation in many African countries will increase significantly and what will the countries that once colonized do? like france is for its own sake.
Countries in Africa are only making improvements in the economic sector so that they can become better so things like peace may be ignored by most of the countries there. Because their main goal is to eradicate difficulties in the economic sector by continuing to manage the important resources that exist there, especially now that inflation still occurs frequently in most countries, making some countries have to try to continue fighting this with their own abilities.


Title: Re: Another Coup in Africa: What is the economic effect?
Post by: DrBeer on October 17, 2023, 06:25:31 PM
I can only hope it does not get worse with mass executions and the military pillaging the civilians.
Such things only happen in the Western orchestrated coups where those involved are taking orders from foreign powers and they have to suppress the people in order to be able to rule over them. In case of the coups in Africa, from what I've seen, they are coming from the people themselves not some foreign powers which means if there would be any executions it would be execution of the foreign criminals and occupiers.

But of course we have to wait and see what the future holds. So many similar previous revolutions were shut down by the colonizers by mass murdering people in order to shut it down and revert the changes.

Take Pol Pot for example - Cambodian politician and statesman, General Secretary of the Central Committee of the Communist Party of Kampuchea (1963-1981), Prime Minister of Kampuchea (1976-1979), leader of the Khmer Rouge movement. Tell us how he was brought to power by the US ?

The Massacre at Vučitrnu (Alb. Masakra e Vushtrrisë, Serbian Masakr u Vučitrnu) was a massacre of Kosovo Albanians carried out by Serbian police officers on the evening of May 2, 1999. Serbs - State Department officials?

Genocide in Rwanda, officially called genocide against Tutsis (Rwanda) - genocide of Rwandan Tutsis April 6 - July 18, 1994, carried out by order of the Hutu government. Is this the hand of Britain ?

Central African Republic and Jean-Bedel Bokassa is a typical representative of France ?

.....

I could go on for a long time, but you don't want the truth, you want empty air and accusations of the Western, developed world....



Title: Re: Another Coup in Africa: What is the economic effect?
Post by: uchegod-21 on October 18, 2023, 10:19:17 PM

They always make us believe that the new government will do better but at the end, they turn out to be like the former or even worse. How will things go well when there is no separation of power? There will be too much power vested in the hands of the military which is not healthy for any government. It will only be fair if the new government will do things constitutionally for the benefit of all.
Let's just keep our fingers crossed.  Who knows, this might be a turning point for Gabon and other African countries who have experienced coup.

The coup always target the government and build the new government using the people and army support.But the problem in the coup is they act like the monopoly and military rule in the country,for certain things the military government will be good.But the coup are less knowledge about the administration,So they can’t hold the government for the longer period.The best way of the government to the people is  democratic government,but the government should work for the people.But most of the democratic government was running for the self benefit.

Democracy originally is the government of the people. Whether the administration is fair or not. The masses have every right to speak up. This cannot be achieved under a military rule where rights and freedom are restricted.  No matter the form it comes with, military government should not be an option.  The primary duty of the military is protection of lives and properties of citizens. They should stick to their duty. A country will do well where there is separation of power.  No institution of government should be made powerful.  Abuse will become inevitable if any institution is made powerful.