Seven richest Africans have more wealth than the poorest half of the continent’s population

Oxfam – 15 Jan 2024
Africa’s richest 1 percent own nearly half of the continent’s total financial wealth.
A tax of up to 5 percent on Africa’s super-rich could generate an annual amount of $11.9 billion, nearly enough to pay for the 2023 humanitarian requirements for Eastern and Southern Africa
Oxfam urges a new era of public action, including public services, corporate regulation, breaking up monopolies and enacting permanent wealth and excess profit taxes.

Africa’s seven richest men own more wealth ($52 billion) than the 700 million people who make up the poorest half of the continent’s population, reveals a new Oxfam report on inequality and global corporate power…