King Abidjan

UN LDC Summit: Rich countries slammed for exploiting poor nations, failing promises

Leaders attending the 5th UN Conference on the Least Developed Countries (LDC5) in Doha, Qatar, have voiced their disappointment and bitterness over the treatment of their poor nations by richer counterparts. Many of the leaders from the world’s poorest nations attending the summit called on developed powers to come good with billions of dollars of […]

World Bank deplores Algeria’s denial of its bleak economic outlook

After a series of attacks by the Algerian government through its official media, the World Bank has responded in a well-thought statement that defended its latest data-based report warning on worsening poverty and economic conditions in Algeria. The official mouthpiece of the military regime in Algeria has published at least three articles in which it […]

Wealth Report 2023 confirms that ’Africa is not poor but impoverished’

Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]