In 2017, what can be said about the democratic situation in African States? Whereas some countries are strengthened year after year; the democratic benefits often obtained come with difficulty and lots of sacrifices
Mina lives in Sahuyé, 70 km away from Abidjan. Since 2008, she has been using a mobile money account which she uses to send money to her aunt in Ouagadougou and to save a few bucks each month. Along with 100 million other people, Mina is now able to have access to basic financial services, which she did not have before. To what extent do FinTechs allow financial inclusion on the continent?
« And no doubt our time … prefers the image to the thing, the copy to the original, representation to reality, appearance to being … What is sacred to him, Illusion, but what is profane is the truth. Better still, the sacred grows in his eyes as the truth diminishes and the illusion grows, so that the height of illusion is also for him the height of the sacred. »’ Feuerbach (Preface to the second edition of The Essence of Christianity)
During the 27th African Union summit in Kigali of 18th July 2016,King Mohammed VI declared that ‘’Morocco is already the second investor in Africa but aims to become the Continent’s foremost investor very soon”. Indeed, between 2003 and 2013, more than 1.5 billion dollars have been invested by Moroccan companies in West and Central Africa. This only represents half of the direct foreign investments launched by Morocco, in the last few years.
The Iroko project is the first crowdlending platform in West Africa. The objective is to allow individuals to lend their savings directly to small and medium-sized companies in West Africa, for a fixed term and interest rate.
Pateh Sabally, a 22 year-old Gambian refugee, died in the Grand Canal of Venice on Saturday 21st January. After the death of the Nigerian, Emmanuel Chidi, in July 2016, who was beaten by racists in Fermo, Italy, Italy has again become the theatre for another barbaric racist act. Pateh Sabally’s death conveys something about our time; it demonstrates what Hannah Arendt called “the banality of evil”. In 2017, a young man drowned while bystanders and tourists were laughing. They let him die while hurling racist insults at him. No one attempted to rescue him, but some picked up their phones to shoot the scene, you know, to “be there when it happens”. Inhumanity has reached a scary dimension through the mediation of cruelty.