Income inequality in Africa - African Development Bank

1 Income inequality in Africa Introduction Africa has made impressive economic progress in the 2000s. Several countries sustained double-digit growth. Good macro-economic performance provides an opportunity on the one hand, to reduce poverty and on the other hand, to reconcile the differences between revenues by strengthening a strong middle class. However, Africa remains overwhelmed by unequal Income and wealth distribution. The poor performances, in terms of reducing inequality , are not specific to resource-poor countries only, but also a feature of resource-rich countries such as the Congo, Nigeria, Angola and South Africa (AEO, 2011). Africa is experiencing fast economic growth. From 2001-2010, six of the world s ten fastest-growing economies were in Sub-Saharan Africa .

Africa, Angola, Botswana, Lesotho and Swaziland being in the top ten of the most unequal countries in Africa. However, inequalities have been slightly reducing in Southern Africa over the last decade whereas inequalities have increased in most of the other regions of Africa, although remaining lower than Southern Africa level (Figure 2).

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  Development, Swaziland

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