Global wealth In-equality and ill-conceived policies = World volatility

Africa is home to 1, 03 billion people over 55% of which are below the age of 25 years.  Africa constitute 14.9% of the world population of 6,892 billion people and yet consume only 2.5% of global wealth, compare this to Europe which has 739 million (including Russia), 10.7% of world population consuming 33.4% of global wealth. Drilling further into statistics will show you that the US at 344 million people (Including Canada), 5% of world population consumes 26.5% global wealth. 

The world inequality in wealth distribution is staggering; the G7 meeting in Germany this weekend 6-7 June 2015, needs to reflect on this and accept that not doing anything is a time bomb, which will give rise to social unrest and global volatility. The Mediterranean crisis and the regional wars are directly linked to the unjust historical and current distribution of wealth, and perpetuation of unjust diplomacy and ill-conceived policies, add that to bad governance, you have a cocktail for disaster.

How do you justify that Africa’s rich resource continent has a share of only 2.5% of global wealth? How do you justify that Africa, whose agriculture economy contribute to 60% of GDP, continue to go hungry every day, including dying from hunger related illness?  How can Zimbabwe with best arable land and favourable climate continue to import food and survive on Food aid? How can Nigeria, Africa’s number one producer of Oil run out of fuel at the pump? How is it even possible that it is difficult for Africa to trade with it’s over a billion consumers than it is to trade with 739 million Europeans over 10,000 kms away?

I am still optimistic that policy makers, leaders and we the consumers can find a common ground before it is too late!