Africa’s billionaire boom masks a crisis for the many | Inequality

On July 9, 2025, I was overwhelmed by a profound sense of despair and disappointment upon reading a report from Oxfam International, a globally recognised NGO, revealing that just four of Africa’s richest billionaires hold a combined wealth of $57.4bn. According to Oxfam, this figure exceeds the total wealth of approximately 750 million Africans, roughly half of the continent’s population.

Moreover, the top 5 percent of Africans now control nearly $4 trillion in wealth, more than…