A few billionaires and millions of hungry people: These are Africa’s seven most unequal nations

January 15, 2020 at 01:00 pm | Money Moves

Nii Ntreh

Nii Ntreh | Staff Writer

January 15, 2020 at 01:00 pm | Money Moves

Wealth inequality has been identified by social scientists as one of the biggest issues the modern world faces even as millions have been lifted out of extreme poverty in the last three decades.

The practicality of this threat stems from the fact that the cost of decent living has spiraled out of control for many.

According to the 2019 Oxfam report on inequality, the world’s 26 richest people are in possession of more wealth than about 3.8 billion people.

Some of the reasons for this intriguing phenomenon have been given from the avoidance of tax on the part of rich people to the refusal of governments to tax wealth.

Unfair trade practices have been mentioned too.

As such, the situation seems direr for Africa, where most of the world’s poor live.

Economic booms have not trickled down to the poorest African people in recent times. More and more people are dangerously losing faith in the idea that education can guarantee a better future.

As follows are seven of the African countries with the worst wealth inequality ratios.

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