Posted by: Armel | April 10, 2008


The WADE FORMULA  (Pt-29)Qt=St was invented by the Senegalese President Abdoulaye Wade who’s also an Economist and a Mathematician along with other Senegalese Scientists.

The application of the formula intends not only to alter the negative effect of the oil price increase on African economies, but also to find a better path to economic stability based on the current rise in the price of crude.

The formula has been invented using 3 variables:

-The excess profit made by the oil companies operating in Africa

The royalties or Revenues obtained by the oil-producing African countries

The surcharge sustained by the Non-oil Producing African Countries when they import oil

Here is Wade on France24 News channel explaining it all (go to 10:18 mark)

 For in depth details go to THEWADEFORMULA.COM



  1. […] [2] […]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: