African leaders must build a new more 'human economy' to tackle inequality and poverty, said Oxfam today ahead of the World Economic Forum (WEF) on Africa.
Africa is losing billions to corruption, poorly negotiated deals and tax dodging. Leaders must listen to their people. They must crack down on tax dodging and maximize progressive revenues to create a more human economy for Africa.
The world faces an inequality crisis that is spiralling out of control. Across the world we are seeing the gap between the richest and the rest reach extremes not seen in a century.
G7 based companies and investors cheated Africa out of an estimated US$6 billion in 2010 through just one form of tax dodging, according to a new Oxfam report ‘Money talks: Africa at the G7’, released today.
On 4 December 2014, Winnie Byanyima was announced as co-chair of the World E
Responding to the World Economic Forum's Outlook on the Global Agenda, which places "Deepening Income Inequality" at the top of its list of concerns for world leaders in 2015, Kevin R
Inequality in Africa is rising to dangerous levels and unless checked will undermine the usefulness of economic growth on the continent.
Oxfam warns that in spite of the advances made in the last decade, Latin America and the Caribbean remains the region of highest wealth inequality in the world. Its elites continue to accumulate extreme wealth and excessive power.
Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population, worldwide development organization Oxfam warns in a report published today.