Africa must no longer tolerate unconscionable foreign investment agreements

The Committee on Foreign Investment in the United States (CFIUS), consists of a group of U.S. federal agencies that investigates foreign investment in business deals that could threaten American national interests. Brilliant.

As we speak, it is being deployed, to counter the perceived threat posed to the U.S. by Chinese-owned Tik Tok.

The question to ponder over as wise and aspirational Africans is: Sould it not be the case that every African nation ought to have such a body in place, too, to protect its national interests, and ensure that no secret clauses are inserted into foreign investment agreements for example (such as the iniquitous agreements that France forced its former colonies in Africa to sign after granting them independence, which enables it to suck out as much as over US $400 billion annually from those ex-African colonies, such as that with Niger, for the exploitation of its uranium deposists), which are detrimental to their country and the welfare of its citizenry?

Ditto the foolish so-called hybrid oil agreements Ghana has in place, which enable oil companies to rip-off the Ghanaian nation-state, in such egregious fashion, and profits only the nation's state-capture rent-seeking, self-seeking big-thieves-in-high-places, amongst its greed-filled hard-of-hearing ruling-elites?

No unconscionable foreign investment agreements should be allowed, or tolerated, once they come to light, anywhere in Africa, any longer, oooo, Ghanafuor. Full stop. Case closed. Haaba. Yoooooooo.