About Afrikan Co-operative Union

THE FOUNDING GROUP

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A Group of Afrikans across the globe came together in April 2010 in London after a programme on Galaxy Radio, they resolved the way forward was to become self-sufficient and elected to create a Co-operative Union for Afrikans.

Like ants, the group agreed there is no value in borrowing from external sources, because to borrow puts the borrower at the mercy of the lender.

They agreed that the funding for the Afrikan Co-operative Union Ltd had to come from issuance of shares, sold to Afrikans or those of Afrikans decent from all income groups as an investment. The cost of the share would be low enough to attract the lowest paid.

The founding group was made up of 31 people, later trimmed down to 9 as the interim executive.

The group does not claim originality for this idea, as there have been many pioneers before that have worked hard to bring unity and independence to the Afrikan people. Marcus Garvey and others have laid plans for Afrikans to work with.

The group resolved very early that instead of using all the seven – Nguzo Saba – principles the group elected to focus on one, namely, “to instil racial self-help” as to invigorate “economic independence” of the Afrikan people, known as the Ujamaa principle.

Through this principle, which is founded on the idea of self-help as in the story of the ant, the group seeks to make a profit for the benefit of the many.

Over the years, brothers and sisters have started organisations with a view to help the Afrikan people but floundered often through lack of clarity of purpose. Most end up treating it as a job opportunity or an exclusive source of income for their families and friends. The ACU is bigger than any individual or group of people.

When recruitment to an organisaton is not done on the basis of competence the end result, is an early death to that organisation because the people running the it struggle and lose focus.

The group’s challenge is to persuade Afrikans to invest in the Afrikan Co-operative Union Ltd where everyone has an equal opportunity to influence the business of the Afrikan Co-operative Union Ltd. The group decided that the role of the executive committee in the Afrikan Co-operative Union Ltd is to provide the vision.

The group recognised what everyone has known, throughout the ages success comes to those who agree to work together as a collective with a shared vision. There is no doubt that working together in unity as Afrikans “WE HAVE POTENTIAL” to succeed.

The group took the initiative to ensure we realise our potential as a people.

Historically during slavery and colonialism, our people have psychologically waited for others to rescue them. Afrikans under dictatorships look to the USA and Europe for help. This has to end.

We have the capacity to solve our own problems, we must find ways of instilling this belief within all our people, informed by economic and other considerations.

This is a new vehicle that is independent, developmental, and progressive. We have given it the rightful name, the Afrikan Co-operative Union. It is owned by it’s members, not the founders or the Executive.

Some have perpetrated the lie that Afrikans cannot, for example, be trusted with money, many of our own people fully endorse this lie.

Be that as it may the group sought to create a transparent organisation accountable to its membership, which amongst others:

 

  • Is developing a structure that meets the approval of the membership and the regulatory authorities;
  • Is developing a structure that records and monitors all financial transactions, which must be available for inspection, on demand, to the membership;
  • Is developing a structure that records and accounts all income and audit-trails all procedures for every type of expenditure;
  • Is developing a structure that requires of the executive to prepare monthly returns, which are made available, on demand, for viewing by members;
  • Is developing a structure that identifies competence gaps and prompts appropriate training.

 

 

 

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