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Single Currency: African Union (AU)? Ecowas? Reasons why not


Recently the AU have been talking about a single currency, while I like the fact that they have raised the topic, I think the AU should just plan for such only looking ahead , and when I say I say ahead, I mean 20-30years ahead. Many reasons have lead me to the above conclusion, some of which is as a result of studying the EURO currency reasons it has succeeded and about to fail (possibly).




  1. Conflict-resolution Mechanism: Does AU have a strong voice in resolving in-house conflicts between countries, and within regions in an African country? 
  2. Rallying point: some African still perceive themselves as superior, this can't be solve though. 
  3. Language barriers: this is an issue for EURO zone countries with a handful of languages, talk-less of AFRICA with over how many countries. Greek and Portugal had underlying issues the EU was not aware of in its context. And bringing it back home for example (Angola may have issues that only the locals may understand it as it grows, the Angolan government may present it in another way to the AU. the AU may not comprehend in full. until it becomes a full blown out crisis like Greece now.
  4. Trust: Mutual trust is expensive in Africa, I have not yet seen anything that will make me believe otherwise. This will spill into AU single currency decisions. 
  5. Control: AU has Egypt, SA, Nigeria, as the big 3. Their population, GDP contribution may feed the other 40+ African nations. Will other countries agree that these countries takes control of such a currency? while this is feasible; just as it is in the EURO zone, any problem from the other smaller nations will affect the GDP distribution of the big3 internally.
  6. The Missing African Mind: So many differences in the mentality among African nations, with the situation in SA (Xenophobia); I am aware of the ideological/philosophical aspect of a single currency; As a continent primarily filled with Black people and even whites who are proud Africans, only embracing this can forge a Single currency that will work. 
  7. Interest Rates: Interest Rates will never be equal, again using the EURO currency zone as a case-study, interest rates never balanced up, either too high for some or low. Resulting to job loss in some areas, reduced economic activities. I don't think the case for Africa will be different, especially as African nations are indebted via numerous Aid deals from EU/US. 
  8. Transportation/Mobility: This is my main point, without which I’d say “AU just forget the it”. AFRICA is not CONNECTED. West Africa needs connection to north, South Africa, East Africa. Connected Flight between national carries should increase. Inter-Country trade routes, Educational exchange programs between universities. E.g. the cost to have a vacation to visit 7 European countries might be higher than the cost to visit 3 African countries apart (Research Needed Here). 

With the above not tackled, why the single currency? Is it just a copy-cat thing'y or well thought of as a medium to drain some other nations? Lastly, AU’s response to African issues are alarming, it took them 8 months to respond to Ebola, we allow the Europeans, Asians and Americans to take the lead in such issues, thereby building up their leverage on the continent and increasing their ability to drain us when they need. Please forgive me to say I do not think AU has imposed herself as powerful/industrious enough to sustain a single currency amongst over 40nations, Though I wish they will ASAP

This article is an amateur summary of the state of things.

$10Billion Hope City in Accra come 2015

The Ghanaian Government will in 3 years build Africa's tallest building that is will be modeled like the traditional Ghanaian round thatched houses used long long time ago.


System of bridges linking all 6 Towers and protecting basic amenities


Hope city will be modeled like the Old houses
 The 75-story, 270 meter-high building that is expected to be the highest in Africa. A system of bridges at different heights will link the towers together, creating a circular connection between the buildings' functions and public amenities. OBR co-founder Paolo Brescia says the project's goal is to create a living place of discovery and exploration that reflects the trad



It will cost the Ghanaian Government US$10Billion to set up the tech Hub in Western Africa come June 2013. The newly warmly acceptably elected President John Dramani Mahama has re-emphasized the importance of growth to the country's economic sector via private sector RLG Global has partnered with the Ghanaian Government for the mind blowing innovation. The $10 billion high-tech hub is aimed towards the attraction of major players in the Global ICT industry to the and enhance technological growth. One thing that gives me joy in this project is the short time frame i.e {June 2013 to 2015} if the project can actually speedup to completion then for sure, Ghana has done more than enough in sending a loud message and also that will consolidate Mahama's position as the president.

Well it is obvious Ghana wants to move away from dependence on Gold and Timber into Technological advancement 'to my mind' it is a giant stride i like, i want to see more of this

From the acronym of Home Office People Environment the city will be named Hope city and it will have the capacity to house 25000 people also ensuring job availability for 50,000 people. This is a nice way of using many birds to kill one stone i just can't wait till 2013 when the project will be complete

2.8 Million Square meters of land reclaimed by sand dredging to signal completion of first phase Eko atlantic
Numerous African countries have embarked on such expansive projects, with the Tinapa resort Center in calabar Nigeria already a reality, the Eko Atlantic city in Lagos in which i have gone through some of these projects and it is interesting how difficult claiming of land is, i must congratulate the lagos state Government for the feet achieved and i hope that all these projects listed will be completed in due time for the enhancement of the African community at large.

Also in recent times at Kenya was a ground breaking ceremony for Konza City also an ICT Hub that will cost the Kenyans  over $14 billion

There are many more large scale projects like this and i will be updating weekly about others i've not written about or you can simply comment below to inform me so i add it up in summary.

I hope during one of my trips to the Model and Statutory improving country: Ghana, i will have to lodge in Hope city come 2015.


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Do you think this project will be completed?
is Hope city just another propaganda to wallop more Ghanaian cash?
Do you know about any other large scale state or country project in Africa of these sought?
let us know your view
Source | Source 1 | Source 2 | Source 3

BIG BROTHER AFRICA Star game (OPENING SHOW) WATCH LIVE STREAM

Note: Refresh link if it stops.

    Big Brother Africa Star game!!!!!!!!
schedule : 6th May 2012 - 22nd July 2012, 24/7 (91 days)
Dstv channel 198
Starring housemate from 14 African countries.
Live stream up till 6am


http://bigbrotherafrica.dstv.com/Live/default.aspx .

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