colonial tax

Colonialism officially ended decades ago, but its effects are still felt in some African countries in form of colonial tax — a system where former French colonies pay money to France. These payments, created during colonial times, continue through agreements made at independence. This system allows France to take about 85% of the annual income from its former colonies. As a result, these African countries struggle financially and have to borrow their own money back from France’s central bank as loans. They can only request up to 20% of the money they sent, and if they ask for more, it…