• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, November 15, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Over 400 Million Africans Live Below Poverty Line – Report

M.Cby M.C
July 26, 2021
Reading Time: 3 mins read
Over 400 Million Africans Live Below Poverty Line - Report

At least 450 million people in Africa are projected to remain poor by 2030. Meanwhile, over 400 million Africans live below poverty line, according to a new report published by the Sustainable Development Goals (SDG) Africa Secretariat.

The report indicated that eight of the 10 world’s poor will be living on the African continent by 2030. Meanwhile, out of this, nearly two-thirds are in rural areas where women continue to face unique adversities which leave them more vulnerable to shocks.

According to the report, seven out of the 10 most unequal economies are in Africa, with the top 10 percent accounting for more than 50 per cent of the national pre-tax income.

RelatedPosts

UN Human Rights Council Calls For Urgent Probe Into Killings In Sudan’s El-Fasher

IOM Calls For More Funding To Ease Sudan’s Humanitarian Crisis

Paul Biya Sworn In For Eighth Term

Furthermore, the report noted that unless the fundamental issues of African economies are solved, with structural modifications adopted leading to more job opportunities, the situation will remained unchanged.

“The situation is not poised to change unless active, structural changes are implemented. A total of 33 of the 36 countries that are in the low human development category are in Africa. Labour market exclusion is beyond unemployment nuance, with notable declining real wages over recent years, and in turn, nominal wages as exhibited by high levels of working poor remain low,” the report says.

More so, the report noted that social protection coverage remains low and the associated fiscal provisions continue to be limited and now have an even wider funding gap due to COVID-19.

Meanwhile, Ms Justine Lumumba Kasule, a SDG focal person in Uganda reacting to the report stated that a lot needs to be done to improve the situation across the continent of Africa. She urged governments in Africa to address the unemployment and service delivery gaps.

ADVERTISEMENT

“It is unacceptable to have eight of ten Africans living from hand to mouth. Many African governments are convinced that nothing can better guarantee inclusive growth and employment for Africans than equitable participation of more of individuals in the money economy”.

Ms Lumumba

She however noted that, the situation can improve when more African countries in collaboration with the SDG Centre for Africa, establish a new and robust monitoring and reporting system which she hopes will enable countries on the continent report on more than 140 SDG indicators.

Moreover, the report observed household wealth, place of residence, and education as the main three dimensions related to inequality and factors that slow the attainment of health-related SDGs.

“Additionally, the recent achievements in African health outcomes can disguise remaining disparities in health outcomes for the most vulnerable, health output, and population coverage in terms of essential services.”

However, in a similar report – Poverty and Shared Prosperity report 2020, estimates show that the regional poverty rate decreased by 1.6 percentage points between 2015 and 2018. This translates to 40% of the population living below the US$1.90-a-day poverty line in 2018 and Sub-Saharan Africa accounting for two-thirds of the global extreme poor population.

“While the poverty rate has decreased from 56% in 1990 to 40% in 2018 the number of poor continues to rise. In other words, the poverty rate in Sub-Saharan Africa has not fallen fast enough to keep up with population growth in the region and 433 million Africans are estimated to live in extreme poverty in 2018, rising from 284 in 1990.”

READ ALSO: South Africa’s iron ore sector to see 5% growth in 2021

Tags: africaPoverty lineSustainable Development Goals
Share10Tweet6Share2SendSend
Please login to join discussion
Previous Post

Anti-LGBTQ+ Bill, bold attempt to bring finality on Ghana’s position- Francis-Xavier

Next Post

We spent over 1 million Ghana Cedis in shooting ‘Aloe Vera’– Peter Sedufia

Related Posts

U.N. High Commissioner for Human Rights, Volker Türk Sounds Alarm Over Shift In US
Africa

UN Human Rights Council Calls For Urgent Probe Into Killings In Sudan’s El-Fasher

November 14, 2025
A makeshift bunker dug by civilians in Sudan's North Darfur state capital, el-Fasher, as a hideout from bombardment.
Africa

IOM Calls For More Funding To Ease Sudan’s Humanitarian Crisis

November 11, 2025
Cameroon's President, Paul Biya.
Africa

Paul Biya Sworn In For Eighth Term

November 6, 2025
Guterres
Africa

Guterres Warns Of Worsening Crisis In Sudan

November 4, 2025
A makeshift bunker dug by civilians in Sudan's North Darfur state capital, el-Fasher, as a hideout from bombardment.
Africa

Famine Detected In El-Fasher And Kadugli Of War-torn Sudan

November 3, 2025
RSF Forces
Africa

RSF Accused Of Committing War Crimes In Sudan’s North Darfur State

November 3, 2025
President John Dramani Mahama With Hajj Board
General News

President Mahama Prioritises Full Hajj Digitisation in Charge to New Board

by Silas Kafui AssemNovember 14, 2025
Absa Bank Rallies Exporters as Ghana Targets Explosive Trade Growth
Banking

Absa Bank Rallies Exporters as Ghana Targets Explosive Trade Growth

by M.CNovember 14, 2025
Hon. Muntaka Mohammed-Mubarak, Minister for the Interior
General News

Security Services Recruitment Goes Digital; Minister Assures Fairness, Urges Compliance

by Emmanuel Tibila BoasahNovember 14, 2025
Ing. Ken Ashigbey
Extractives/Energy

Chamber of Mines Commends Government for Major Steps in Advancing Mining

by Bless Banir YarayeNovember 14, 2025
Standard Bank Plants Its Flag in Cairo as Africa–MENA Mega Trade Corridor Takes Off
Banking

Standard Bank Plants Its Flag in Cairo as Africa–MENA Mega Trade Corridor Takes Off

by M.CNovember 14, 2025
General News

El-Wak Stampede: Government Offers Automatic Military Slots To Bereaved Families

by Silas Kafui AssemNovember 14, 2025
President John Dramani Mahama With Hajj Board
Absa Bank Rallies Exporters as Ghana Targets Explosive Trade Growth
Hon. Muntaka Mohammed-Mubarak, Minister for the Interior
Ing. Ken Ashigbey
Standard Bank Plants Its Flag in Cairo as Africa–MENA Mega Trade Corridor Takes Off

Recent News

President John Dramani Mahama With Hajj Board

President Mahama Prioritises Full Hajj Digitisation in Charge to New Board

November 14, 2025
Absa Bank Rallies Exporters as Ghana Targets Explosive Trade Growth

Absa Bank Rallies Exporters as Ghana Targets Explosive Trade Growth

November 14, 2025
Hon. Muntaka Mohammed-Mubarak, Minister for the Interior

Security Services Recruitment Goes Digital; Minister Assures Fairness, Urges Compliance

November 14, 2025
Ing. Ken Ashigbey

Chamber of Mines Commends Government for Major Steps in Advancing Mining

November 14, 2025
Standard Bank Plants Its Flag in Cairo as Africa–MENA Mega Trade Corridor Takes Off

Standard Bank Plants Its Flag in Cairo as Africa–MENA Mega Trade Corridor Takes Off

November 14, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address