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Briefing Note for AfDB’s Long-Term Strategy - Income Inequality in Africa
This brief examines the problem of income inequality in Africa. Specifically, it addresses its trend and variations as well as the role of the African Development Bank in tackling it. Africa accounts for a large share of the world’s people living in absolute poverty. Its share of the world’s poor rose from just below 20% to close to 25% (Kayizzi-Mugerwa, 2001). Nearly 50% of the population in Sub-Saharan Africa lives on less than US$ 1 a day today: the world’s highest rate of extreme poverty in the world.