• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed
    Dangote Industries is Set to Open Africa’s Largest Oil Refinery
    Head of Liberia Electricity Corporation (LEC) – Monie R Captan, conveyed assurance in Liberians taking over the electricity Operations after Ten Years of Foreign Management
    NSIA Group Strengthened its African Footprint by Bolstering Four Insurance Subsidiaries of Sanlam Group in Togo Gabon Congo and Guinea
    Easy Solar Sierra Leone climaxes as one of Africa’s ten fastest-growing companies in 2023 Financial Times disclosed

    $42.6 Billion Petitioned by the East Africa Nation – Burundi in Reparations for Colonial Statutes

    Posted On 18 Aug 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 20

    By Abdul Rahman Bangura–

    Photo Credit: Depositphotos

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Burundi which is on one of the East African nations, is an erstwhile German colony and subsisted under Belgium rule until attaining independence for almost sixty years ago. According to reports, the East African nation schedule to ask Germany and Belgium – former rulers to pay damages and not just cash to the tune of €36 billion ($42.6 billion) in reparations for colonial rule, media reports released on August 16th, 2020 let out.

    Furthermore, the government’s parliament has put concurrently a panel of specialists to evaluate the damage done during colonialism and recommend on the cost of damages, according to Radio France International. The broadcaster announced, once the amount has been agreed on, Burundi schemes to send these propositions to the German and Belgium administrations. In excursus, Burundi also aims to urge the European nations to reinstate extorted ancient heirlooms and archive paraphernalia.

    Heretofore 1890, Germany colonized Burundi which came to be part of German East Africa. After World War I, the country was ruled by Belgium until it attained its independence in 1962. During the colonial epoch, the ruling powers intensified the divide between the Hutu and Tutsi factions. This nonetheless, rendered to fatal ethnic discord between them in the 1970s and then another civil war for twelve years from 1993, which killed some 300,000 people.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The Belgium government carried out a program of kidnapping biracial children and Belgium Congo during the 1940s and 1950s. And concurrently Belgium officially asked forgiveness for this in 2009.

    Additionally, although less well-known than other colonial powers, Germany was at one time the fourth-largest colonial power in the world. In upswing to German East Africa, which was made up of present-day Rwanda and parts of Tanzania in expansion to Burundi, Germany had sovereignty in what is now Ghana and Namibia and elsewhere.

    The German administration has been in consultations since 2015 with Namibia — the government yearns for both financial reparations and an official apology from Germany for casualties sustained and crimes perpetrated during its colonial legislation. And Belgium is scheduling to set up a committee of connoisseurs to educate its government on how to rectify with its colonial history.

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia, Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    HELP FIGHT CLIMATE CHANGE
     United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org  

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Africa Development Bank Holds Virtual Meetings August 25-27 ; Election of President Key on Agenda

    Next Story

    Ghana Commission and handed AfCFTA Secretariat to African Union Commission

    20 Comments

    1. Eden August 18, 2020 at 2:45 am Reply

      Always happy to read your reports. Thank you. Toteng Botawana. Eden

      • New Africa Business News, Staff Correspondent August 18, 2020 at 2:47 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Heliyam August 18, 2020 at 2:54 am Reply

      Time past due for Germany and Europe to start paying for the devil needs they did. Shame on them. Gonder Ethiopia. Heliyam

      • New Africa Business News, Staff Correspondent August 18, 2020 at 2:55 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Esther August 18, 2020 at 3:06 am Reply

      It’s extremely sad what all these devils did for centuries. The $42.6 billion that Burundi requesting from Belgium and Germany, is should be the down payment. Time to pay what’s owe. Beautiful report. Thanks for this report. Lagos Nigeria. Esther

      • New Africa Business News, Staff Correspondent August 18, 2020 at 3:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Luke August 18, 2020 at 3:19 am Reply

      Thank you for your report, Journalist Bangura and your team. These European Countries not including UK and France, that participated owe Africa about $89 Trillion as of January, 2019. Luke in Queenstown, South Africa

      • New Africa Business News, Staff Correspondent August 18, 2020 at 3:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Yaaba August 18, 2020 at 3:31 am Reply

      Thank you for reporting. Europe need to start paying our continent, our people, the Trillions of Dollars they owe us. Accra Ghana. Yaaba

      • New Africa Business News, Staff Correspondent August 18, 2020 at 3:31 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Bernice August 18, 2020 at 3:40 am Reply

      We are asking them to pay minimal amount of $42.6 billion and pay the rest in few years time. Bujumbura Burundi. Bernice

      • New Africa Business News, Staff Correspondent August 18, 2020 at 3:40 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Imane August 18, 2020 at 3:49 am Reply

      They need to start making payment arrangements for Trillions of dollars they owe the Continent. Fan of new Africa business news. Thanks for reporting. Rabat Morocco. Imane

      • New Africa Business News, Staff Correspondent August 18, 2020 at 3:50 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Samara August 18, 2020 at 3:57 am Reply

      Am sure Europe and America will start to pay what they owe Africa. Happy to see many of our brothers and sisters coming back home. The African Diaspora. Welcome Home. Windhoek Namibia. Samara

      • New Africa Business News, Staff Correspondent August 18, 2020 at 4:00 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    9. Clara August 18, 2020 at 4:05 am Reply

      Is very sad that they owe to Africa all these money and refusing to pay. Clara in Stockholm Sweden

      • New Africa Business News, Staff Correspondent August 18, 2020 at 4:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    10. Jagger August 18, 2020 at 4:14 am Reply

      Thank you for signing me to your online newspaper’s newsletter. Happy I was signed. Johannesburg South Africa. Jagger

      • New Africa Business News, Staff Correspondent August 18, 2020 at 4:15 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    Posted On 26 May 2023

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    Posted On 25 May 2023

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Posted On 24 May 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Recent Posts

    • South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    • $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    • TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    • 650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    • …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.