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World’s five richest men double their fortunes as poorest 60 percent lose money

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GUEST - Kwesi Obeng, Accountable Governance Lead, Oxfam in Africa

Poverty inequality across the world is exploding, with the rich hoarding a disproportionate amount of global wealth while the already vulnerable are getting fewer resources.

That’s according to a new report released this week by the nongovernmental organisation Oxfam. The charity publishes an annual report on world poverty to coincide with the yearly World Economic Forum (WEF) in Davos, Switzerland. The forum is a gathering of the world’s business elite – from CEOs of big corporations to self-made billionaires – to discuss global trade issues.

18 Jan 2024 3PM English South Africa Business News · Investing

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