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flag Oxfam: Africa's four richest billionaires now wealthier than 750 million people, highlighting wealth inequality.

flag Oxfam reports that Africa's four richest billionaires hold more wealth than half the continent's population, totaling 750 million people. flag Their wealth has grown by 56% over five years, reaching $112.6 billion. flag The charity criticizes inadequate government policies and highlights that Africa's tax systems are less effective in wealth redistribution compared to global averages. flag Oxfam suggests that taxing the richest 1% could raise $66 billion annually for essential services like education and electricity. flag The report also notes that the continent loses $88.6 billion yearly to illicit financial flows.

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