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Socioeconomic Problems Abound As The Rich Get Richer

AFRICANGLOBE - According to anti-poverty charity, Oxfam’s latest report, the richest one per cent of the world’s population will have more wealth than the remaining 99 per cent by 2016.

85 Richest People Own The Wealth Of Half The World’s Population...

AFRICANGLOBE - Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world's population, worldwide development organization Oxfam warns in a report published today.

G20 Must Re-Write Tax Rules and Recoup Africa’s Missing Billions

If G20 nations were hit as hard by corporate tax dodging as Africa, they'd have a $1.2 trillion hole in their budgets. African nations are losing nearly 2 per cent of their gross domestic product (GDP) as a result of companies fiddling the books through 'trade mispricing', according to figures released today by Oxfam.

World Bank Refuses to Stop Funding African Land Grabs

The World Bank has rejected a call to suspend its involvement in large scale agricultural land acquisition following the release of a major report...

African Land Sold in Last Decade Could Grow Enough Food to...

World Bank must freeze investments to protect poor people from land grabs Land eight times the size of the UK was sold off globally in...

Eastern Congo Reaches New Depths of Suffering As Militias Take Control

Millions of people in eastern Democratic Republic of Congo are now at the mercy of militias as the country's long-running conflict descends into widespread...

Climate Change Set To Worsen Global Food Crises – Oxfam

AFRICANGLOBE - Storms and droughts that have unleashed dangerous surges in food prices could be a "grim foretaste" of what lies ahead when climate change bites more deeply, Oxfam said on Monday.

Millions Face Starvation Across Africa As Land Grab by Foreigners Intensifies

A report released recently by Oxfam says that poor people, particularly in Africa, are hardest hit by a new wave of land deals. The competition is intensifying, driving millions of people into the abyss of poverty.

British Firm Illegally Evicts 20,000 Ugandans From Their Land

The revelation is contained in a report, Land and Power, released on Thursday by British NGO Oxfam, which notes that speculators, pension funds and global agri-businesses from rich countries have been quietly acquiring large chunks of land in African countries such as Uganda, South Sudan and Ethiopia, leading to conflict, hunger and human rights abuses.

Experts Highlight Need for Grain Reserves in Uganda

The 2008 spike in food prices pushed some 100 million people into poverty. Price rises so far in 2011 have done the same to 44 million more," the report says.