The World Bank has warned that Africa risks turning into a destination for the world’s poor people if it does not improve its poverty levels.
According to the latest World Bank Pulse report measuring the economic growth of Africa, indicators of Africa’s economic growth like tourism have dwindled.
Factors attributed to this poverty and inequality include, over concentration on a few commodities for export such as oil, metal, and minerals.
The World Bank Group Vice President for Africa Makhtar Diop says poverty and inequality in African countries remain unacceptably high and the rate of reduction is unacceptably slow.
The report says that Africa’s poverty levels reduction will be reduced by 2030.