Poverty in Africa is the lack of provision to fulfill the essential human needs of certain people in Africa. African nations typically fall toward the bottom of any list measuring small size economic activity, like income per capita or GDP per capita, despite an abundance of natural resources. During 2009, 22 of 24 nations identified as having “Low Human Development” on the United Nations’ (UN) Human Development Index were in Sub-Saharan Africa. In 2006, 34 of the 50 nations on the UN list of least developed countries are in Africa. In many nations, GDP per capita is lower than US$5200 per year, with nearly all the population living on significantly less (based on World Bank data, by 2016 the island nation of Seychelles was the only African country with a GDP per capita above US$ 10,000 annually). In addition, Africa’s share of revenue has been consistently dropping within the last century by any measure. In 1820, the average European worker earned around three times exactly what the average African did. Now, the average European earns twenty times just what the average African does. Although GDP per capita incomes in Africa have also been steadily growing, measures are still significantly better in other regions of the world.
Under current projections, 88 percent from the world’s poorest are anticipated to live in Africa (some 414 million people) by 2030. Besides countries like Afghanistan, Papua New Guinea, North Korea, and Venezuela, many non-African developing countries can end extreme poverty by 2030. African countries, however, will probably only make modest gains. Actually, if current trends persist, by 2030 the best 10 poorest countries on the planet will all be African-both with regards to absolute numbers and share of extreme poor being a percentage of the complete population (Figure 1).
Overall, the number of poor people living in Africa happens to be growing by five people per minute. Under current projections, only by 2023, will that number commence to recede. With that being said, African countries vary greatly in one another in several ways, including their knowledge of, and response to, extreme poverty. As an example, Ethiopia, the poster child of famine within the 1980s, has become anticipated to eradicate extreme poverty by 2029. Ghana is anticipated to adhere to soon thereafter within the same year. On the other hand, resource-rich OPEC member, Nigeria, is now widely considered to have the highest number of individuals living in Poverty In Africa on the planet, and may well see a rise in poverty rates by 2030 as the population is growing.
Needless to say, additionally, there are powerful linkages among African countries, plus they could deepen in the coming decade to mobilize local and global support for poverty alleviation projects. For instance, the audience of 30 African member countries from the Francophonie are largely experiencing the same challenges as all of those other continent. Out of the 14 African countries currently considered off-track to attain Sustainable Development Goal (SGD) 1, eight are people in the Francophonie. By 2030, one in three people located in extreme poverty-167 million people-will inhabit an African Francophonie member state.
Finally week’s Francophonie Summit, the international French-speaking community, led by France, expressed strong support in harnessing African leadership to solve core development challenges like gender equality as well as the rights and empowerment of women and children. Such attempts are certainly timely. Current projections suggest that most-but not all-of the African countries in the Francophonie is not going to have the economic growth necessary to achieve SDG1 by 2030.
Nevertheless, the Francophonie’s overall blueprint for poverty alleviation is similar to the rest of Africa: encourage coalitions of like-minded stakeholders to pay attention their resources on tackling a number of priorities. In connection with this, the Bill & Melinda Gates Foundation’s recent Goalkeepers report noted that increasing human capital can make all lfekss difference in changing poverty dynamics in a quantity of African countries. Of course, even with such targeted support, not all the country will be able to eradicate extreme poverty within the coming decade. But for many, it might provide the policy linchpin needed to ensure many of the 414 million Africans expected to live in extreme poverty will, in reality, have discovered themselves on far more prosperous trajectories.