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!
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