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Commentary

(March 2018) ; "Are We Witnessing a 'New Scramble for Africa'? | Africa | Al Jazeera."

https://www.aljazeera.com/indepth/opinion/witnessing-scramble-africa-180324124416405.html.
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Debt ?

Ex-colonial powers have all too willingly been blind to the actual size of the debt they owe
Africa and Africans.

"The rich rule over the poor and the borrower is slave to the lender."

The Christian Bible, "Proverbs 22:7"
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Profits from the slave trade

The value to Britain in terms of the profits derived from the slave trade and its West Indian
plantations has been estimated as being equal to 5% of the economy during the second

half of the 18th century.

How much of that m’zungu wealth should be regarded as rightfully due to today’s

Africans ? How much value was lost to Africa’s own wealth creation by this vast loss of

human capital?

Pre-independence infrastructure was shaped around m'zungu needs

Territories designated as Peasant, Settler or Plantation economies and infrastructure
development such as transport limited by this

‘...although I can call Paris from my office telephone here in Lomé, I cannot place a call to Lagos in
West Africa only 250 miles away. Again, while it takes a short time to send an airmail letter to
Paris, it takes several days for the same letter to reach Accra, a mere 120 miles away’.- Sylvanus
E. Olympio, Foreign Affairs - October 1961

How much value to the African economy was lost due to the under-development

during colonial rule?

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Millions of Africans were killed under colonial rule. Millions more died either directly or
indirectly because of the m’zungu world wars.

In a mature economy such as the UK, governments actually put a monetary value on each

death. It’s a way of acknowledging that each death represents an economic loss to society
as a whole.