The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
The world faces twin crises of climate breakdown and runaway inequality. The richest people, corporations and countries are destroying the world with their huge carbon emissions. Meanwhile, people living in poverty, those experiencing marginalization, and countries in the Global South are those impacted the hardest.
Africa is facing a crisis of extreme inequality which is undermining growth, preventing poverty eradication and contributing to insecurity. The six richest African billionaires are now wealthier than the poorest 50% of Africans combined.
This case study shows how convening influencing government practices and decision-making processes can have a transformative effect across government, bringing positive benefits to marginalized communities and millions of people.
Uganda has been blessed with large oil resources, the 4th largest in sub-Saharan Africa.2020 is now a turning point for Uganda as the Final Investment Decision of the mega project led by French major TOTAL and Chinese CNOOC is on the verge of materialization.
The report assesses the consumption emissions of different income groups between 1990 and 2015 – 25 years when humanity doubled the amount of carbon dioxide in the atmosphere.
“Women’s rights from the ground up” offers examples and guiding questions to help the reader better understand why everyone needs to have clear and defined strategies to secure women’s rights in their land and natural resources work.
More than a million women and girls in Burkina Faso are facing increased sexual violence, hunger and water shortage as a result of the coronavirus pandemic on top of the existing conflict, said Oxfam.
Roughly half of all Somali households rely on remittances to cover basic needs such as food, water and basic health care. According to Somali money transfer operators (MTOs), remittances have already declined substantially since the onset of COVID-19 due to economic pressures on members of the Somali diaspora.
