With global political and business leaders gathering for the 44th annual World Economic Forum in Davos, discussions will be centred on the impact of slower economic growth across different regions, unemployment and income inequality, challenges Nigeria is also grappling with on the home front
The World Economic Forum’s chief economist has linked the Scottish independence debate to growing concern about inequality around the globe. The forum, whose annual meeting in Davos takes place next week, warned that the chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade
The poor in East Africa largely live in rural areas or in the slums of major towns and cities, with a sizeable number of the fortunately employed receiving a wage just below the poverty line. Health or medical care is an elusive matter with no health insurance cover while children face a 40 to 80higher chance of dying before their fifth birthday compared to their richer compatriots
The magnitude of the problem of inequality in our country, compounded by the painful reality of unemployment and poverty, will hobble any future development prospects unless we seriously debate the efficacy and appropriateness of our policy responses in post-apartheid South Africa
Statistics on growing inequality amoung East Africans on Tuesday worries leaders at the launch of the State of East Africa 2013 report in Dar es Salaam. Analysis in the report showed that the poor control about $12.7 billion of the region’s combined gross domestic product which is a small 15 per cent of the total $83 billion for the five countries .
The richest 100 South Africans now own a collective total of R198.6 billion, up by 10 percent from the previous year,” said Congress of SA Trade Unions spokesman Patrick Craven
Various studies have shown that Botswana is one of the most unequal countries in the world. Botswana’s income inequality, with a Gini Index in excess of 0.5, is one of the highest in the world.
At present, the highest paid senior public servant is the Permanent Secretary to the President (PSP), Eric Molale, who earns P47,380 per month. With the three percent increase, Molale will earn about P48,801.40. Permanent Secretaries currently earn P41,200 per month. With the three percent salary increase, they will smile all the way to the bank to rake in P42,436. This is in contrast to what the lowest paid public workers are remunerated. If these workers are lucky to get the three percent, they will have only P41 more than what they have been earning
Quick facts of inequality in Kenya
By international standards, extreme poverty or destitution is relatively low in the countries of North Africa. According to the World Bank, the number of those living below 2 USD a day was 13.9 percent in 2008, which would make the region of Middle East and North Africa (MENA) the fourth poorest region in the world after sub-Saharan Africa, South Asia and East Asia.