The importance of tackling inequality in Africa cannot be overstated. Inequality is undermining growth and threatens to reverse the gains that have been made in the fight against poverty. Four of the world’s five most unequal countries are in Africa.
In South Africa, three billionaires own the same wealth as the poorest half of the population. Decades of unprecedented economic growth have bypassed millions of Africans, all too often women and youth, Winnie Byanyima, executive director of Oxfam International, wrote for News24.
Oxfam’s new report, ‘Starting With People’, sets out how African leaders can do this. It starts with governments that are accountable to their people; that prioritize public services, and those economic sectors, new technologies and tax systems that bring the maximum benefit to society, particularly the poorest.