5 hard facts and forecasts about poverty in Africa

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5 hard facts and forecasts about poverty in Africa
5 hard facts and forecasts about poverty in Africa

5 hard facts and forecasts about poverty in Africa

Poverty is arguably the most dreaded living condition ever known to mankind. some of the reasons everyone avoids it. But for some people, poverty remains a daily reality, no matter how much they try to wish it away.

In Africa where the world’s highest concentration of poor people is currently located, the situation is agonizingly pitiable.

FIRST FACT/ FORECAST ABOUT POVERTY IN AFRICA

In Africa where the world’s highest focus on poor individuals is situated currently. Their situation is distressingly pitiable. According to research, one in every three Africans lives below the global poverty line. This represents 422 million Africans or 70% of the world’s poorest of the poor. The continent is not poor because that’s what they wish for, but it is due to the below-listed causes;

  • Firstly, Excessive and uncontrolled inhabitants’ progress
  • Secondly, War and crises
  • Also, Unjust commerce constructions
  • Moreover, Inadequate agricultural infrastructure
  • Besides the above, Illnesses
  • Last but not least, Climatic situations

SECOND FACT

A 2016 report by the World Bank disclosed that although poverty in Africa has noticeably declined over the years, it still remains a major problem. Kathleen Beegle, a Lead Economist at the World Bank and co-author of the report, explained: “Although the data show that the share of the African population in extreme poverty did decline, major poverty challenges still remain, especially in light of the region’s rapid population growth.”

THIRD FACT/FORECAST

According to the World Economic Forum (WEF), Africa won’t remain the world’s poorest continent forever. The reason for this statement; is expected by the year 2065, only 1.7% of Africa’s population will live in extreme poverty. As against the current projection of 35%.

FOURTH FACT ABOUT POVERTY IN AFRICA

According to research by the African Union Development Agency. Poverty affected 46% of Africa’s population between 1996 and 2005. It is also projected to have affected 35% of the population between 2016 and 2025.

FIFTH FACT/ FORECAST

Lastly, the COVID-19 pandemic increased the level of poverty in Africa. This probably shouldn’t come as much of a surprise. This is because the outcome was very much expected. According to the United Nations Conference on Trade and Development (UNCTD), the pandemic has influenced poverty in Africa: “While in 2019, 478 million people lived in extreme poverty, it is estimated that in 2021, 490 million people in Africa live under the poverty line of 1.90 PPP$/day. This is 37 million people more than what was projected without the pandemic.”

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