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Oxfam: Africa's four richest billionaires now wealthier than 750 million people, highlighting wealth inequality.
Oxfam reports that Africa's four richest billionaires hold more wealth than half the continent's population, totaling 750 million people.
Their wealth has grown by 56% over five years, reaching $112.6 billion.
The charity criticizes inadequate government policies and highlights that Africa's tax systems are less effective in wealth redistribution compared to global averages.
Oxfam suggests that taxing the richest 1% could raise $66 billion annually for essential services like education and electricity.
The report also notes that the continent loses $88.6 billion yearly to illicit financial flows.
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Oxfam: Los cuatro multimillonarios más ricos de África son ahora más ricos que 750 millones de personas, lo que pone de relieve la desigualdad de riqueza.