Browsing Tag

Wealth

The 10 African Nations Facing the Most Significant Wealth Inequality Disparity

The world's prosperity gap, a measure of the disparity between average incomes and a target of $25 per person per day, has stagnated ever since the pandemic began. Why, you might ask? The culprit seems to be a dual assault of dwindling economic growth and an uneven income distribution among countries. While it’s easy to blame this on external shocks, could it be a call for introspection on how intertwined our economies really are? Achievements are not made overnight. Here's a compelling statistic: between 1990…

Somalia’s Natural Wealth Faces a Diminishing Window of Importance

Somalia, a nation brimming with untapped potential, often gets overshadowed by what's apparently missing rather than recognized for the resources it conceals. Beneath its surface, hidden treasures await discovery—treasures that could lay the groundwork for a prosperous economy. The pressing question is: Will Somalia seize the moment, or will it merely stand by as global markets evolve, leaving its wealth to waste away? The nation's promise revolves around four key areas: fossil fuels, abundant fisheries, rich livestock,…

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