Oxfam International (Africa Region)
Vous souhaitez collaborer avec cette entité collective? Vous pouvez la contacter à cette adresse:
Annonce/Action
Description de l’activité :
Africa faces a double inequality crisis. Not only is the continent and its countries among the world’s most unequal, but its governments are on average among the least committed to reducing inequality. This has created a situation in which a few people are becoming rich beyond their wildest dreams, while the majority endure increasing hardship.
- Africa’s four richest people – all of whom are men – have more wealth than half of the region’s 750 million people combined.
- Over the past five years, African billionaires have increased their wealth by 56%; the five richest African billionaires have increased their wealth by 88%.
- Nearly half of the 50 most unequal countries in the world are African.
- Since 2020, the average income of the richest 1% in Africa has increased five times faster than that of the bottom 50%.
- African dollar millionaires, who account for 0.02% of the population, own nearly a fifth of the region’s wealth, while the bottom 50% own less than 1%.
- In Africa, men own three times more wealth than women; this is the highest gender wealth gap of all regions and is double the world ratio.
- While 800 million people face food insecurity, Africa's 23 billionaires saw their combined wealth soar by 56% in five years to $112.6 billion. The wealthiest 5% hold nearly $4 trillion, more than double the combined wealth of the rest of the continent.
But there is hope. The African Union (AU) has urged member states to reduce inequality by 15% in the coming decade and has identified progressive taxation as a key tool to do so. The challenge, though, is the “how” – to achieve this target. Most African countries are not fully leveraging progressive taxation to effectively tax the super-rich and address inequality. The reasons for this are many, including the regressive policies peddled by the International Monetary Fund (IMF), the corrosive impact of illicit financial flows, and the lack of political will to confront inequality.
The proposed activity will unpack the crisis and provide some concrete recommendations to curb the worsening inequality crisis on the continent.