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EXECUTIVE INTELLIGENCE AFRICAN ECONOMY COUNCIL (EIAEC`S)
BOARD OF DIRECTORS
C.SODLO S. KHOZA Z. SITHOLE P. KOKA T. MAGEZA A. MAGNUSSON OK OSAREMHEN
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The foundation of Executive Intelligence African Economy Council is based on the implementation of new Monetary and Currency policies, and this purpose shall serve to provide the sufficient economic coverage for Africans. To achieve this, there is a need of a new African economic constitution in the order to make African Monetary and Currency Policies. Until today Africa has no Central Bank, which takes care for the needs of economic development in the continent. All African countries are under economic ties and control by IMF and the World Bank. The agents of these of institutions have set up economic re-colonization, after the passing of the independence bill from the previous colonial powers politically. They have assumed to decide African economic affairs, and this has almost caused Africa to be in poverty and underdeveloped. Within the wealth African countries acquire, and mineral resources African countries posses, it is nearly possible to create economic stability but these resources, are commercially under control by the institutions described herein. They succeeded to do that together with various former colonial powers. Currently after the political colonization, the IMF and the World Bank, is involved in another African economic re-colonization indirectly.
The Key issue for economic stability to develop Africa is to rely on the formation of a new monetary and Currency Policy because, the previous Monetary and Currency Policies, of the then colonial times still exists. The problem with these systematic policies is that, they are favorable to those colonial idea African countries were under. The World Bank and the IMF are favorable of the old Monetary and Currency System to hinder from the economic growth and development in our continent. The World Bank and the IMF mandate such economic re-colonization rules to take place and this, does cause conflicts to spread in Africa because of the economic re-colonization rules which are creating poverty.
The Democratically voted Government in power couldn’t keep their political promises, due to the effects caused by the flaws described. The present system encourages political problems instead of economic solutions. The system created in African Countries by the World Bank and the IMF cuts the budget planned for the individual countries to jeopardize them economically. The policies stipulated in Africa are the real cause of civil wars, and other internal conflicts. Many African courtiers are systematically forced, to use their own natural resources and their countries product to benefit these economic re-colonization rules and thereby, be robbed from the benefit of their own property.
Therefore during all these years, the new born African States are in the hands of politicians, who were not able to make-Monetary and Currency Policies, who were not able to derive from precious economic values, of the property of their own countries in respective to their countries economy, and they were not able to master economic policies for Africa.
Unfortunately the dependent central banks created by the newly independent countries, existed to serve the interest of the states only, as defined by local politicians and dictators. Unfortunately, almost in most of the cases all such countries became efficient engine of the inflationary finance, holding back rather than accelerating their country’s economic development as the worst case has occurred in Africa. The central banks which caused so much damage in Africa are nearly in all cases established with the active assistance from the central banks of developed countries, and from the international agencies set up after the Second World War, notably the IMF. The thinking in all these institutions was strongly influenced by the dominant trends in international fashions.
The advice offered by the western economists Africa is well meaning but breathtakingly naive. For from a start, they assumed that, all African countries would remain faithful pupils for the western-mister democracy-where a few transitional difficulties were inherited from the bad old colonial system.
The kind of such inherited bad and old system, to run economic affairs of the new born African States after colonial powers, was full of old wise saws offered to the new central banks and governments. In which they believed would work harmoniously to produce economic growth, more developed banking systems and welfare provisions for the citizens. Unfortunately it failed! They had simply no idea of the horrors that were to come in Africa. The systematic debasement of the currency, the incapacity of many countries to provide stable legal systems, or provide law and order, or prevent regression to more permissive forms of social and economic behavior, lacking constitutional constraints, monetary expansion came to depend almost entirely, on the whim of political rules. The power of corruption was also enhanced by the availability of central bank credit that let average inflation out of control and rises steadily for decades to hyperinflation in most African Countries.
The Executive Intelligence African Economic Council is a non- political and non-critical organization. Our aims and objectives remain faithful and confidential. EIAEC`S endeavors, is to establish economic stability in Africa, to create and accomplish economic development and to create economic revolution in countries across Africa. Political terms and its confirmed regulations, to interfere economic affairs shall not achieve this. The economic order pursued by EIAEC`S is to forward the safe implementation of the Monetary and Currency Policy Union, based on the Monetary Unitary Value for Africa, to serve the of the public and governments, and the economic independent of Africa to sink down in economic Re-colonization Sea without rescue.
In order for Africa to move into such globalization policy needs first: to develop the African Economy Union (AEU) to match the other continental standards developed in the EU community. The European countries have upgraded their own economic stability, therefore it is reasonable and obvious for them or other global continent to talk about the globalization policy, but such policy would not be applicable for African countries at the moment.
Stephen Khoza founded EIAEC in Sweden, although initiated in South Africa, EIAEC`S has a board of councils who serves in the capacity of directors. The reason why EIAEC is founded in Sweden is due to the fact that, Sweden has no reputation of looting Africa economically, EIAEC proposes countries like Sweden, Norway and Denmark and other to help EIAEC achieve the goals and aims to create new Monetary and Currency Policy order. This is the only way and appropriates to elevate Africa from continental economic re-colonization. Currently Africa has civil wars, internal conflicts and other problems caused by the rules of economic re-colonization order, which is promoted by overseas private companies, by highly paid mercenaries, criminal’s agencies and their bosses.
The solutions of the flaws described are based on the formation of the African Economic Union (AEC) which would serve the purpose of African economic rights. To achieve this, we propose to establish an African Economy Parliament (AEP) which would stand for African Stand for African Governments, and to establish, the Parliamentary Economic Standing Committee (PESC) to exercise power and authority on economic affairs, such power should be given to it by the African Governments, and endorsed by their participation in making economic decisions for economic policy development.
The Executive intelligence African Economy Council is committed
1) To establish African Economy Union-AEU through African Single Market Act, African Monetary Institution, to promote open market System and eliminate custom charges among member countries of the union, to form a new African Economic Policy and new Economic Constitution. To base the practice of such policy and constitution on exchange rate policy and price stability.
2) To establish African Economy Parliament-AEP for Government Parliamentary Economic debates, to make rules and decisions on African economic policy, for economic development in all levels of the preside needs. To further Science, Technology, Arts and Culture, Health, Education Policies, Housing and project re-search etc.
3) To establish a parliamentary Economic Standing Committee-PESC to preserve economic rights to develop Africa economically. The Monetary and Currency Policy shall be implemented with a purpose to establish the African Central Bank-ACB. There shall be joint ventures and working relationship of the ACB with all National Bank members Countries of the AEU, to serve the rights of lending borrowing money by African business institutions, to help economic development. And these borrowing rights shall be based on the terms and regulations, which shall be related to the economic constitutions of the new policy to be implemented in Africa. The PESC shall have a given mandate and authority, to exercise, the economic core of conduct. This core of conduct is a rule, which shall be used, in economic constitution and economic policies by all member countries of the African Economy Union-AEU. The economic core of conduct, after being established shall be adopted to be a legal system in practice by all member countries. Then the Parliamentary Economic Standing Committee-PESC shall have access to help to resolve political economic cases attached with, the political economic behaviour in all member countries states of the AEU.
4) To establish the African Central Bank, to base its own operations on its own asset, in accordance with the African Monetary Policy Union Order in practice. The standard of such practice, shall base on mutual countries approved standards by all member countries of the AEU.
5) To establish a co-operation between, Governments and African Central Banks-ACB without political background of individual countries, the economic policy for Industrial productivity should be pursued for economic development to be safeguarded. And all members’ countries of the AEU should adopt this kind of co-operation.
6) To establish the Single Currency Board, to exercise the Currency order and the Policy mandated in practice, to base its own asset on a legal tender. This legal tender shall be accepted in terms of payment by all member countries of the AEU in which the legal tender shall be based on Human Resources and be valued in practice by Monetary and Currency Policy to be set-up in Africa. The Single Currency Board shall serve only, the purposes of currency issue rights. These rights shall be contracted with the African Central Bank-ACB for the currency issue and the printing.
7) To establish a co-operation between African Central Bank and the public, through making the public aware of the Monetary and Currency Policy in practice and understanding the operating of such policies by the ACB. The understanding shall be achieved by creating economic workshop to motivate the public through economic education.
8) To establish economic neutral policy from politics, for non-political interference in the working and operations of ACB and its alliance the AEU. But only be the Government shared decisions with the Executive Intelligence African Economy Council- EIAEC and the AEU shall be accepted. These shall include making decisions even on governmental cases attached to political economic sensitivity.
9) To establish the independent working system of the ACB not to be under Governments control, and Government should give the ACB the tools to do its works, to control its own balance sheet, liability, and asset in foreign exchange rat policy. And to base its operations on the price stability, in order to create money surplus when there is a need to do so, and to create open Market Operations. These shall be the rights to be given to the ACB.
10) To establish the legal tender, (ZIFRA) the currency names. The currency shall base its operations value, on Human Resources and as a legal tender, it shall be accepted in all business transactions to be the means of payment.
11) To establish economic development as a tool to forward Science, Technology, Education, Agriculture, Nuclear Energy, Transport, Communications, Broadcasting, other Media, Arts, Culture, Microeconomics Institutions, Films Industry, Entertainment Industry, Music Industry, Sports, Recreations, Health and Housing, these shall be established in all member countries of the AEU.
12) To establish in all member countries of the AEU a commercial co-operation of the National Banks, to engage with the ACB since the aim of the policy is to base on the Monetary Unitary Values of the Currencies to forward economic development. This shall serve to create national Banks, to exercise the credit in profitable businesses, trade and Investments, The co-operation with the ACB and with the National Banks shall serve to develop macroeconomics policy and to take the care of the individual countries National economic development.
13) To establish International and National credit Committee. To serve the purpose of African International Community cares, in the economic development of Africa. To provide financial services control, of the National Budget. To finance projects which are to develop country, by the Government interest rate income which would be regarded as to be have been banked at the ACB to be government National Security Asset. The asset would generate an income, which would be used by Governments for National spending Budgets, to finance the public credit. And the interest refereed herein shall be in accord with the Monetary Policy System to be implemented on the bases of Human Resources and production.
14) The conditions laid out in this policy proposal shall be valid only for the member countries of the AEU. The countries shall be allowed in their National central Banks, to appoint people to serve in different positions of the AEU. Especially in the matters related to Monetary and currency Policy. The appointees shall serve in by a written approved contracts, from the African Economy Parliament-AEP and by the Executive Intelligence African Economy Council-EIAEC
While this undergoing process EIAEC proposes Sweden Norway and Denmark to help EIAEC succeed in this initiative. The involvement of the country proposed in the EIAEC projects will yield profits in the long term prospective. The proposed project by EIAEC to involve Scandinavian Countries would serve to support to improve the promotion of economic development of the partnership Africa project started by the Swedish Government in which EIAEC is to develop the following: Transport Industry system, telecommunication system, microeconomics system, Nuclear Energy, Infrastructures, and water supply. These are resources available to be developed in partnership Africa project within the project started by the Swedish Government the area mentioned is need to be invested for, to develop Africa economically.
1) In the beginning EIAEC shall lay the ground, to create African Economic Integration and economic reforms, EIAEC shall invite African Institutions Non Government Organisations to organise conferences and to invite African Government and interested countries to attend the EIAEC issue. This shall be achieved by using the network system to contact all African Governments leaders. In the conference, the foundation shall be laid, for the formation of the African Economy Union AEU
2) From the year 1999 there should be economic change in Africa by the implementation of the AEU project, and the formation of African Economy parliament- AEP. The parliament shall represent all African Governments, to serve the purpose of achieving economic stability and development. The parliament shall exist with the parliamentary standing Committee PESC which shall serve in making practical ruling decisions, for African economic affairs, to be able to conduct the practice of the economic policy in all member countries of the AEU to base such practice, on the African Economy Constitutional basis of the economic policies.
3) After the formation of the AEU all African countries shall set up, a date to nominate people who shall serve on the capacity of AEP and PESC. Those who shall be nominated, the others, they shall serve in the different positions of EIAEC and AEU. They shall serve only by the qualifications required and demanded in the accord with the rules by EIAEC. The EIAEC shall oversee these appointments. All countries shall participate democratically in voting for those who will serve in organisation’s departments to be developed. In each department occupation there shall be 24 people to serve in as a compliment of the standard required.
4) After the formation of the AEU and PESC. EIAEC shall move to implement the beginning of writing the African economic constitution. The constitution shall be based on the criteria to be formulated on Monetary and Currency Policy Union to be implemented in Africa. All African countries interested shall participate in writing the constitution, which shall decide the future of African economic development.
5) Later on process, the African Central Bank-ACB shall start to operate. The ACB`s emerging to function should be developed between the midis of 2000 next century.
6) By the next century the single currency should be in use, by all member countries of thee AEU to inaugurate (ZIFRA) as the Single Currency based on the Unitary Values, price stability, and the exchange rat policy.
1) EIAEC`s plan of action basis on the co-operation with all countries in Africa and with their respective Government in participation. To establish a network system, in order for EIAEC to move in the initiative process. And EIAEC shall need the funds to start this ambitious project.
2) The reason why EIAEC need the finances is to forward the work administration and to develop a policy document in advance which is underway process to be presented to all African Governments and their respective National Banks. And the document in being developed shall be presented on the third phase conference, for discussion purposes. The discussions shall be concretised for a final document. And the final discussions to be debated shall be concretised for Market Act System, Single Currency and Monetary Unitary Values, Custom duty free, and Microeconomics Policies.
3) By June 1999 a meeting shall be held as top conference by African Countries and EIAEC shall organise a date in which all interested countries shall attend.
4) All interested countries to transform African Economic affairs into development notably, the EIAEC´s purpose, shall invited to se up African Economy Union-AEU. And the countries interested in this policy proposal shall be asked to pay minimum fee to accept as member. The fee are to be used to finance the implementation of the African Economic Union-AEU, African Economic Parliament-AEP, and the Parliamentary Economic Standing Committee-PESC in order, for this serve to establish the Africa Central bank-ACB
WHY DO REQUIRE AN OFFICE IN STOCKHOLM?
1) Due to the fact that Sweden has a neutral political policy
2) Due to the fact that Sweden has a reputation for aiding and supporting developing countries financially.
3) Due to the fact that Sweden has never exploited Africa in any way for a selfish gain.
4) Due to the fait that Sweden has never colonised Africa.
5) Due to the fait that Sweden is a member in the European Union.
6) Due to the fait that Sweden is being approached to finance this project.
7) Due to the fait that we would like to already in the beginning of this project establish prospective long-tern relationship between Africa, Sweden and EU projects for, research purpose in Europe.
1) Office materials, computers, and travelling expenses will cost US$ 70 00 per annum Multiplied by 5 years time period.
2) An office is to be set up in Stockholm including expenses for renting at a cost of US$ 30 000 per annum multiplied by 5 years time period.
3) Marketing, publicity advertising and promotion activities, will cost per annum US$ 80 000.
4) Other expenses will cost up to US$ 10 000 per annum multiplied by 5 years time period.
5) EIAEC shall require US$ 10 000 per annum to pay salaries, for three people who will be fully employed at monthly cost of US$ 3 000 per person multiplied by 5 years time period, the total amount for 5 years time period comes to cost of Total US$ 1. 490 000.
EIAEC`S is an organization, combining unit for the following departments under its jurisdiction, EIAEC stand for EXECUTIVE INTELLIGENCE AFRICAN ECONOMY COUNCIL. Its headquarters are presently located in Stockholm Sweden. Mailing address being Box; Ålgrytevägen 131 3TR, 127 31 Skärholmen, Sweden.
EIAEC function is to oversee that that the following units shall work in harmony with the rules set here to accomplish the Monetary and Economic balance in our continent. EIAEC shall oversee and have the final voting power on matter, which shall be specified in the descriptions for each department. EIAEC shall establish the functioning rules and regulations. EIAEC shall regulate the membership rules as well as the monetary contributions to help this organization to function. Any bookkeeping, payments and alike shall be regulated and done by the EIAEC and it shall use approved CPA`S (Certified public accountants) to oversee the transactions. Calling the members to meeting, voting and the number of votes needed to establish a matter shall be as specified herein.
The area of development is to elevate Africa from its economic colonization in order to create economic stability and a faire social welfare distribution of all resources of African countries for its people benefit.
1) This organization shall be run by appointed persons, who are be selected by the EIAEC Standing Committee and they are to serve in their designated positions within the Council for the individual departments. Participating Governments will make the recommendation for such persons and they have to be approved by the Non Governmental organization (NGO). These two organizations shall participate in this selection of candidates. EIAEC Standing Committee and the council shall make the final decision for the appointments.
2) The Board Members, who run the organizations, shall participate in these selected positions of operations. This shall remain as the avenue of operations through out the organization. The Board Members, who fails to fulfil the role of the office, he/she have been selected to operate, shall be relinquished from his/her duties by the EIAEC Standing Committee with the written mandate from the council.
3) All those who have been appointed to work as The Board Members are entitled to be paid monthly and are seen as salaried employees. Those Board Members who in voluntary positions will be paid on commission basis and toward receipt of their respective expenses during any 6-month period. Each receipt shall be subject to negotiations by the council and Board Members. In case of the Board Members sickness or any other approved absence, he/she shall receive the agreed amount for the approved time period. Any supplemental persons hired shall receive the agreed amount for the approved time period shall be paid in a similar commission basis and this shall be specified in heir contract.