The number of sub-Saharan African countries in debt distress or facing high risk of debt distress rose from 7 in 2013 to 12 in 2016…time for bailouts.
By 2030, 32% of Africans – forecast at 548 million – are likely to live in extreme poverty. Africa is quite unequal, so growth does not translate into poverty reduction.
The current generation of youth is the largest in history, with as many as 1.2 billion people between the ages of 15 and 24. African youth account for 226 million 19% of that global population.
It’s the world’s fastest-growing refugee crisis. One million have crossed into Uganda, and an additional “million or even more” are in Ethiopia, Kenya, DR Congo, and Central African Republic.
To this day African countries such as Mali, Cote d’Ivoire, Cameroon and Gabon, are required to deposit two-thirds of their foreign exchange surpluses into a French operations account.