Africa's Billonaires

[Oscar Knight]

abcnews.go.com/International/wireStory/report-55-african-billionaires-richest-woman-20503888

Ending Poverty is Everybody’s Business

South Africa’s richest people, including those whose names appear in the recent Sunday Times Rich List, should develop a culture of ‘investing in communities’ in order to lift the poor out of poverty and other related social ills.

The Sunday Times (4th September 2011) listed the richest people in South Africa. The 20 wealthiest, we were told, have seen their income jump by nearly 60 percent in two years and now have a combined wealth that is at least the size of Zambia’s gross domestic product (GDP).

Earlier this month we watched as residents of Themb'elihle took to the streets in protests that soon turned violent with rocks being hurled by residents and rubber bullets being fired by police. The protestors’ demanded basic housing, electricity and proper sanitation.

READ MORE :

www.inyathelo.org.za/news-and-discussions/civil-society-and-democracy/161-ending-poverty-is-everybodys-business.html

[Oscar Knight]

Africa Continues to Grow Strongly but Poverty and Inequality Remain Persistently High

allafrica.com/stories/201310080927.html

At the Gleneagles G8 summit, seven of the world's richest countries – France, Germany, Italy, Canada, Japan, the US and the UK – specifically pledged to increase their aid spending by 2010 and to double aid to the poorest countries in Africa.

Preliminary estimates from the OECD show that Africa has only received $11bn of the additional $25bn promised.

www.2into3.com/home/aid-from-oecd-countries-who-gives-the-most-and-how-has-it-changed.193.html

Lagos (AFP) - There are far more African billionaires than previously thought, Ventures magazine said Monday in a report on the continent's mega-rich, but the number of Africans living in extreme poverty has also shot up.

Previous Africa-rich-lists named as few as 16 billionaires, but Ventures said its exhaustive research had identified at least 55 on a continent where the wealthy often fiercely protect details about their fortunes.

The pan-African business magazine said it was able to uncover dozens of new billionaires by using "on-the-ground knowledge" to overcome hurdles that may have "hampered" other researchers.

Of the 55, 20 are Nigerian, including several oil barons, while South Africa and Egypt boast nine and eight respectively.

READ MORE :

news.yahoo.com/number-african-billionaires-much-higher-past-estimates-report-204716359.html

[Oscar Knight]

..Another costly expense at the Tax Payer's Dime, and another Trip to Africa :

Tutu Welcomes Obama 'Home'

news.yahoo.com/white-house-notebook-tutu-welcomes-obama-home-201733542.html

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Obama Unveils 7 Billion "Power Africa" Electricity Plan

www.breitbart.com/Big-Peace/2013/06/30/Obama-Unveils-7-Billion-Power-Africa-Electricity-Plan

Obama said his plan is meant to bring “light where there is currently darkness.”

........Good Reason to spend 7 billion dollars on another nation's power bill. The only reasons that we have power stations in The U.S. because the citizens pays their power bills each month.

...Riddle Me with this :

How will the poor Africans pay their power bills each month ?