Africa is a huge congregation of entrepreneurs, political leaders, and analysts. Although there has been sufficient growth in Africa’s economy over the past few decades, there is a mixed concern about the situation. The drastic reduction in poverty level globally in the last two decades is indeed good news. But this statistics does not reflect the real scenario in sub-Saharan Africa as the number of poor people is on the rise. Political Issues is one of the main reason in increasing poverty.
Africa’s inequality picture is a complex one. Three out of five countries that are regarded as the most unequal are in Africa, with the majority of them in the southern part of the continent. Indeed, inequality in Africa is not higher than elsewhere in the world. Nonetheless, the number of exceedingly wealthy people is on the rise. Occupation and education inter-generational mobility have improved, but they remain lower than expected.
Hold on, what causes poverty in these Developing Countries?
There are many causes of poverty in Africa and are classified as either man-made or natural. Lately, some of the causes of poverty include:
- Political instability and war: Undeniably, Stability , Politics and Security are essential for subsistence economic growth and success. Without stability, farmers, entrepreneurs, and business owners cannot safely invest, thus leading to poverty in the developing nations such Somalia.
- Social inequality and discrimination: Inequality in African countries has led to poverty increase by barring groups with social status from accessing the tools and resources to support them. The inequality in income distribution and access to productive resources, basic social services.
- Vulnerability to natural disasters: Exposure of developing nations to natural disasters such as floods and drought has worsened the poverty levels. When these disasters occur, properties are destroyed, and the impoverished people become refugees within their countries, thus being forced out of their living spaces and becoming almost completely dependent on donors for survival.
- Colonialism and its legacies: These are conditions created by Political leaders in the developing country’s that prevent her citizens from accessing land, capital, education and other resources that allow people to support themselves adequately.
- Lack of education: Insufficient education has led to high levels of illiteracy in the society which eventually leads to poverty.
- HIV/AIDS and Malaria Epidemic: The government spends donor and tax money to purchase drugs for such epidemics instead of developing the economy, which leaves African poverty level to remain stagnant or worsen.
- Low levels of consumption: Low levels of consumption through lack of access to capital, social assets, land and market opportunities
Developing nations needs to take action to avert the level of poverty through a number ways:
- Promote economic security: Try to promote economic security,This will enable citizens to carry out their businesses without any fear, which will work towards eradicating or minimizing levels of poverty.
- Provision of quality education: Access to education will give children life skills and knowledge they require to achieve their potential, thus creating change in the society’s life.
- Fair Elections: Elections must be fair
Empowering women: women should be empowered through business training and mentoring. Empowering will enable energetic women to be confident and develop business skills which can eradicate their poverty.