Africa's Wealth Inequality: The rich get richer even as poverty and inequality deepen.

Many wonder why, if Africa is growing, as the “Africa Rising” story claims, large numbers of Africans are still desperate to escape to Europe at great risk to their lives.

Africa is now home to more than 160,000 people with personal fortunes worth in excess of $1m (£642,000), a twofold increase in the number of wealthy individuals since the turn of the century that highlights the problem of deepening inequality as some of the world’s poorest nations register strong economic growth.

The “Africa Rising” story is a tale that is being told virtually everywhere, and which even the Afro-sceptics are gradually coming to terms with.

However, at the same time, it is a story that has its dark side, such as the growing levels of economic inequality that have accompanied Africa’s “rise”.

Africa is the second-most inequitable region in the world, after Latin America. According to a 2012 publication of the African Development Bank, “inequalities have not diminished over time. In 2010, six out of the 10 most unequal countries worldwide were in sub-Saharan Africa, and more specifically in Southern Africa”.

While the rich are getting richer, the poor are wallowing in need, and the backlash of this trend may threaten not only the little progress our continent has made, but our collective sense of humanity and decency which defines Africa’s ubuntu philosophy – of community solidarity, care and responsibility that seeks expression in the phrase, “I am, because we are; and since we are, therefore I am”.

Inequality is not only an economic malaise; it is also a social and political liability to any society. If it is not tamed, it can consume whatever gains that the capitalist system might have accumulated.

Addressing inequality can be a win-win situation both for the powerful and powerless in society. It can create social harmony, mutual trust, and confidence between the haves and have-nots. It is a step towards a collective dream that another world – fairer and just – is possible and desirable for us all!

Dambisa Moyo: For Africa 🌍 to compete with other continents, our leaders MUST be GLOBAL Citizens.

For Africa to compete with other continents, our leaders MUST be GLOBAL Citizens. There is twice as much poorer people in India , China and Brazil , and they don't receive as much aid as Africa does and has had in the past. BUT despite no or little aid China has managed to move 300millions people up the middle class in past 30yrs. WHY not Africa?

Dambisa Moyo  criticizes the well-intentioned Western aid that is delivered to Africa every year, and how this financial aid has in fact made African governments reliant on this income, not only perpetuating the poverty cycle and inhibiting any economic growth and stability, but it hinders the local economy and supports corruption. 

For long I have been inspired and empowered by this woman, however lately after a not-founded critic from Bill Gate against her book... I decided to order one from Amazon. This morning I finished reading it and I must say I am not only full of centric knowledge about reasons for Africa's crippled economic but most of all the words GLOBAL CITIZENS OR CITIZENSHIP now has a whole new meaning to me... 

Moyo Dambisa' s Dead Aid book explains how aid continually hampers Africa’s development and the book provides alternative solutions to economic prosperity like eliminate aid and incorporate the Chinese development strategy which includes heavy focus on trade and investment. It became a New York Times bestseller and went on to be translated into several languages. I recommend it to all interested in Africa's economic prosperity.

Cameroon's Dilemma: - War Between Anglophones and The Oppressive Francophone Government

When a simple teachers' strike degenerates a secessionist protests break out, it is the whole country that trembles on its foundations. The government, which knows better than anyone the fragility of the equilibriums that make Cameroon, decides to employ big means; treating the issue as if the nation's security was under terrorist attack .

On November 21, the army was deployed to Bamenda, the largest city (700,000 inhabitants) in the western English-speaking regions. To disperse the demonstrators and ward off the demons of separatism, the soldiers carried out warning shots. At least one person was killed and a hundred others arrested in the wake.

CAMEROON HOSTED THE FIRST EDITION OF CORPORATE AWARD WOMEN IN LEADERSHIP SUMMIT

How have women fared throughout the economy? In other words, women are still struggling to obtain business chief executive leadership roles. There are still many obstacles preventing women from obtaining this leadership level or from keeping them. Reason justified in Cameroon, for the first time initiated Corporate Awards Women in Leadership. This took place on the 8th of December 2016 at Pullman. Hosting over 15 national and international speakers ( Dayo Oladele-Ilori, Terrence Brathwaite, Gundula Bom, Gwendoline Abunaw, Jacqueline Patcha, Patricia Kakou, Clemence Nwonkap, Celina Choi, Caude Panmo, Desiree Tolen, Charlie Teneg, Rachel Hale, Regine Ekwa Ngalle, Bertrand Tiotsop, Roland Kwemain), one can say for the first time, the hypocrite issue on challenges that both 21st century women face were openly discussed in detail, and awareness raised.