Africa’s Inequality Crisis and the Rise of the Super-Rich
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Africa's Inequality Crisis and ...
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Africa’s Inequality Crisis and ...
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Publication date
2025-07-10Country
AlgeriaBenin
Bolivia
Chad
Egypt
Ethiopia
Ghana
Kenya
Morocco
NigerNigeriaSenegalSomaliaSouth AfricaSouth SudanTunisiaUganda
Metadata
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Oxfam InternationalDocument type
Briefing paperDescription
Africa is facing a double inequality crisis: extreme inequality alongside weak commitment among its governments to fight it. But there is hope. The African Union has urged member states to reduce inequality by 15% in the coming decade and has identified progressive taxation as a key tool to do so. The challenge, though, is the “how” – to achieve this target. Most African countries are not fully leveraging progressive taxation to effectively tax the super-rich and address inequality. The reasons for this are many, including the regressive policies peddled by the International Monetary Fund (IMF), the corrosive impact of illicit financial flows, and the lack of political will to confront inequality.