Wednesday, May 24, 2017

Unequal Africa

Africa is experiencing higher levels of poverty than previously thought because decades of economic growth have only benefited a small wealthy elite, says Oxfam. Inequality is rife in Africa, which has seven of the 20 most unequal countries in the world, and a further 250 to 350 million Africans could be living in extreme poverty within the next 15 years, the report says.

Swaziland is the world’s most unequal country, closely followed by Nigeria and South Africa, where three billionaires own the same amount of wealth as the poorest half of the population — around 28 million people, the report says.

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