Africa’s wealth disparity has reached unprecedented levels, with just four billionaires now holding more wealth than 750 million people combined – half the continent’s population. According to a report from Oxfam entitled Africa’s Inequality Crisis and the Rise of the Super-Rich, released on Thusday, Nigerian billionaire Aliko Dangote, South Africans Johann Rupert and Nicky Oppenheimer…
In 2000, Africa had no billionaires. Today it has 23 whose combined wealth has soared by 56% in just the past five years, reaching a staggering $112.6 billion. Africa’s richest 5% hold nearly $4 trillion in wealth – more than double the combined wealth of the rest of the continent. Despite soaring poverty, African governments…
Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…
The Middle East is bracing for another protracted conflict after Israel’s surprise bombardment on Friday of Iranian nuclear and military sites killed several of the country’s top generals and nuclear scientists. Iran has responded with strikes on Israel. As the situation escalates, there are concerns about the global impact. RFI asked a specialist on geopolitics…
The Vice President, Professor Naana Jane Opoku- Agyemang, has called for a renewed fight against corruption across Africa, using Ghana’s experience as an example of both early leadership and ongoing challenges. Speaking on the theme “Revitalising the Anti-Corruption Architecture in Africa: Ghana’s Accountability Journey,” on Friday in Accra, she highlighted the urgent need to strengthen…
