If Looters Had Built On Old African Technologies

 By Farouk Martins Aresa

What discovery, institution, plant or industry has these billionaire politicians established? They pick and choose billionaires that make returns as kickbacks. It is an insult on African Youths' intelligence when those choosing politics for retirement home promised to be the one to revitalize the economy after destroying the same all their lives.

When Virgin Airlines could not stomach the money, shares and partnerships demanded in kickbacks from politicians that had absolutely nothing to contribute, they ran out of Nigeria. Though, Airlines are still making money, they cannot take their profits out forcing local travelers going abroad to purchase their tickets in the U.S dollars.

Intellectual properties have been patented as the most guarded secrets because of the billions collected when copied and improved for local use. What is lost in the claims at the World Trade Organization and the local courts is how these technologies move from one country to another. The Americans are making billions from these claims as they accused the Japanese and the Chinese of stealing their intellectual properties.

Battle Of The Sexes Proxy For Sexual Abuse

By Farouk Martins Aresa

Professor Blassey Ford is not Hauwa Liman an African woman the last time we checked but she carried all the stigma of Boko Haram girls that were sexually abused or killed. She predicted the pain and psychological trauma she would go through if she ever came forward. Nevertheless, she never predicted the threat to her life! Even worse is the fact that nothing would happen or change because her harasser would be believed over her.

In terms of equality between men and women, we might as well look towards Western Europe and Canada since Africans cannot count on the story and safety of American women. However, African women are pulling their weight everywhere. Many of them are just as highly educated as men but the opportunity to move to the highest level still comes through politics. This is the place where most women are missing in Africa.

The Cry For Rescue From Abused African Ladies In Saudi Arabia

By Farouk Martins Aresa

News about domestic helps abuse in Saudi have been around for a while but they are mostly from Philipino house helps. There was a report about abuse of Kenyan women as far back as 2015 that was reported locally and on BBC. The bad news we get from Saudi Arabia are from Africans on pilgrimage and some abusing their visa conditions to commit deplorable crimes, especially Nigerians despite the severe punishment of beheading. 

Nigerians young ladies and other Africans are crying out from Saudi Arabia! These are young women that neither had any desire to sell their bodies by taking oath nor did they swear at the shrine in order to become prostitutes. They paid agents good money with the hope of securing decent jobs in Saudi Arabia. Unfortunately, ladies include very young girls let go by unscrupulous parents. There are African agents in many cities including Abuja, Accra and Nairobi recruiting domestic helps into Saudi Arabia as slaves.

African Oil Producers Cannot Think Beyond Crude Oil

By Farouk Martins Aresa

Why do Africans wait until it is too late for our rescue? Right now most African oil producing countries are still fighting about which regions produce more oil. Areas that are not producing oil are exploring other regions for oil. Many of us lost our thinking faculties in hedonism, greed and are spread all over the world beyond value to Africa. So, No Thinking Beyond Crude Oil!

Only in Nigeria do looters go to court to recover loots or oil blocks! Oil became a curse in Nigeria. Many now wished oil were never discovered around their areas because of the devastating effect it had, leaving their land an environmental swamp. Farmers cannot cultivate crops and fishermen have been idled. Parents watched children restlessly forming gangs of kidnappers, thugs used by politicians and militias as a way to make a living and use the poor’s plight to enrich themselves.

Yet, all the planning to divest away from oil have not materialized after many years. Right now, it is a race against clean energy. Many countries have promised to stop producing automobiles that are powered by oil in about ten years or less. While fear has griped right thinking Africans, we are still waiting for African innovation in automobiles powered by other forms of energies like electric, water, hydrogen or just air. Our scientists are too busy looking for the next meal.

Fulani Cross-Country Cattle Grazing Menace

By Farouk Martins Aresa

Cattle grazing should not be a cross country menace across West Africa with Fulani’s philosophy that only God owns land. No ethnic group does in this century; because they only provide a marginal amount of Africa’s meat supply. It is about time their masters who are the real owners of the cattle measure up. They either provide modern facilities to feed their cattle where they are or face massive outrage in each of these countries treating them as cross-country terrorists.

The appeasement of granting grazing rights on properties that do not belong to them deprive the owners their wish to use their land as they see fit. It is myopic, dense and opportunistic. One would expect better cerebral solutions from the Schools of Agriculture in the universities and colleges of any country. Are they going to each country to negotiate land or just creating attraction for other Fulani into one privileged country until they run out of grazing land again?

Another philosophy within Fulani is that the life of a cow is more precious than that of human. If that philosophy is limited to their communities, as if that is not bad enough, extending it to their hosts in each of the country they invade raises a moral problem apart from economic and precious loss of lives. It becomes a clash of cultures, religions and laws.

The Hausa in Nigeria have been dominated by Fulani for over a century now. Hausa are proud people with their own indigenous civilized way of life and religion that ruled some of the Great Empires of West Africa. Today Hausa children of kings and queens are most of the impoverished talikawa in West Africa. Generally spread but mostly prominent in Nigeria as Fulani dominate the Hausa. Unfortunately, Hausa have taken to the philosophies and religion of their captors.

Foreign Portfolio Investors Are Plundering Africa

                                                                                                           (pix: mgafrica)

By Farouk Martins Aresa
If you have your own resources like gold, diamond or oil that brings steady income, why gamble for leverage? Businesses have a good reason for using Other People’s Money OPM to establish and split the profit with risk takers on the long run. If the business fails, owner of the business is protected from personal liability and shareholders also absorbed a loss. In case of governments, Africa’s liability multiplies since countries do not fold, even when they defaults on odious loans.

It is well known that the advantage of stocks and bonds as part of financial portfolio has its gain in long-term profits. This is where capitals are raised for most projects with the hope that the project would produce gain for the investors on the long run. The only beneficiaries of short-term trade, acquisition and corporate raiders are funds managers and black knights in hostile take-over. They now descend on African countries, to make quick cash or profit in Nigeria.

Politicians send loot out while our domiciliary foreign cash account gamble in devalued naira. Dollar account and loot cannot enhance local development. Instead of relying on whatever we have by making sure our foreign reserve is not drained by foreign portfolio investors, we place faith on FPI intention. It’s pennywise pound-foolish to stake foreign income as collateral loan.

Unfortunately, each time these foreign portfolio investment fund managers pull their money out of stocks and bonds at a convenient and opportune time, the government of the day is blamed for bad economic policy driving foreign investors away. In the first place, they are not in our countries for local interest and their local partners furnish them inside information on our policies. Foreign ratting agencies look after the interest of their partners, not local beneficiaries.

Foreign portfolio investors have gravitated towards funds manager seeking their interest for maximum profits around the world. While this is a legitimate pursuit to increase shareholders’ return on investment, it devastates poor African countries trying to get on their feet by seeking long-term investments for infrastructures and capital projects. It could be a win-win situation if the foreign investors do not seek short-term gain at the expense of their hosts.