The Illusion of Africa's Economic Boom

Africa’s GDP is projected to grow faster than the global average. Yet simultaneously, the continent’s share of the global population living in extreme poverty has exploded from 10% in 1990 to a staggering 70% today. By headline measures, Africa is getting richer, so why are its people getting poorer? In this episode of Africa on Monday, we examine the "Illusion of Growth," the reality of K-shaped economic development, how just four African billionaires capture more wealth than 750 million citizens, and why regional tax policies actively punish the vulnerable while giving the ultra-wealthy a total pass. 🔔 Subscribe:    / @tosinataiwo1   📰 Newsletter: https://www.tosinataiwo.com/#subscribe 📸 Instagram:   / tosinataiwo   🌐 X/Twitter: https://x.com/tosinataiwo #africa #economics #wealthinequality #macroeconomics #business #poverty #africaonmonday #inequality