Annan Calls on Africa to Cut Inequality

Annan urges African governments to work harder to reduce inequality that has prevented the benefits of a decade of economic growth from being spread equitably

Former United Nations secretary-general, Kofi Annan, urges African governments to work harder to reduce inequality that has prevented the benefits of a decade of economic growth from being spread equitably.

The plunder by foreign investors and corrupt officials of the continent's fishing and timber resources is a clear example of the failure to harness natural resources for the common good, according to the annual Africa Progress Report.

Annan says that after more than a decade of growth, there is plenty to celebrate, adding however, that it is time to ask why so much growth has done so little to lift people out of poverty and why so much of Africa's resource wealth is squandered through corrupt practices and unscrupulous investment activities.

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Source: 
IOL News

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