Undoubtedly, the 10 poorest countries in the world are currently all located on the African continent, particularly south of the Sahara. Poverty there is often linked to internal conflicts or war.
The country of Madagascar is located 400 kilometers east of the African coast. Known mainly for its very unique fauna and flora in the world. Madagascar is the 4th largest island in the world.
The country necessarily survives on agriculture and the tourism industry. The health crisis is causing a recession and is particularly affecting certain employees in the tourism sector. Following the COVID, the country’s investments have been exhausted.
The country is currently at the bottom of the scale and is in the top 10 of the poorest countries in the world.
In Liberia with George Weah, former glory of world football. The country is already at the bottom of the abyss, the president has come to bring serenity to Liberia.
The country experienced a civil war in 2003 which decimated the population. After a calm, security forms under full government control.
The country was affected by the Ebola epidemic in 2014 and especially by price inflation on basic products. At this moment, the country survives by the trade of rubber, palm oil and its iron ore but all this is not enough to reduce the rate of poverty.
A country is politically better in Africa despite its high poverty rate. In 2020, Malawi had a democratic election and received. hence financial assistance from IMF and the World Bank.
The country is still vulnerable as its agriculture is highly dependent on rainfall. As we know, severe droughts hitting the world have not spared Malawi.
Life is definitely improving in the cities. In 2021, only 17% of Malawi’s population could meet their basic food needs.
The corona pandemic has indeed slowed down the recovery march proposed by the new elected president.
Niger is 80% part of the Sahara desert, so not enough trees. But the population continues to increase, the country then focuses on agriculture.
The economy of the country is really based on gold and uranium. As said in the first paragraph, droughts and floods hinder the development of the country.
The recent discoveries of oil in the country have given hope again, the country is embarking on major projects that will generate strong profits in the years to come.
The country is also politically unstable, given the presence of rebel groups including Boko Haram. With a low territorial occupancy rate, a low literacy rate, and a high mortality rate, Niger is going through difficult times.
The country lives on gas discovered off the coast. The Total company, in 2020, made a financing of almost 16 billion dollars to implement the installation of this gas. And this investment is among the big ones in Africa.
Despite all this, the 2020 crisis and more rebel attacks in the north of the country, the French company Total had to suspend its operations.
Most of the people of Mozambique live in poverty for lack of the rush to do agriculture. Climate change is still impacting the country’s economy and the population continues to grow.
5. Democratic Republic of the Congo
Although the Congo is a real one with incredible resources, this does not prevent it from being among the poorest countries in the world. The drop in the international price of copper and certain minerals has had an even greater impact on the country’s economy since the country depends on the dollar.
With more than 60% of a population of 92 million living in poverty, the population wants to move to the city. Namely that 40% of the budget of the Democratic Republic of Congo promotes the functioning of institutions and leaders.
In the country, the law of the richest prevails and corruption is really high.
4. Central African Republic
Recently, the republic has in its presidency a democratically elected man Faustin Archange Touadéra. He played a big role in the pacification between the minority of Muslims and the majority class of Christians.
The country is then put on a good road especially by the return of the exploitation of diamonds which is its main mining resource. By adding the timber industry and agriculture which have also taken a good path.
Namely, about 60% of the Central African population lives in extreme poverty according to World Bank figures. The country is supported by the World Bank with 250 million for the reconstruction of the country.
After nearly 30 years of violence, floods, massive unemployment, droughts, lack of food security, the spread of diseases and epidemics, Somalia is experiencing enormous poverty.
This country of only 16 million inhabitants has suffered a further decline after the arrival of the corona virus, adding the infestations of locusts in eastern Africa.
2. South Sudan
The country became independent in 2011 after a self-determination referendum, despite all this the country is struggling to move forward properly.
The mission is difficult in the country because putting an end to the civil war and above all managing to feed all its population is not an easy task. According to UN estimates, more than 7 million in the southern Sudanese population suffer from severe malnutrition, around 60% of the total population.
Burundi has experienced a civil war as well as the genocide in Rwanda. But until 2005, peace agreements and an end to violence were concluded. Unfortunately, the country was unable to advance this terrible event.
The country is often hit by international sanctions following numerous human rights violations in the country.
The country lives in severe food insecurity. After the health crisis, the prices of the necessary products rose sharply. The country lives from the production of coffee, which has again declined by a large step.
Namely that more than 80% of the Burundian population lives in severe poverty, and 90% of the country depends entirely on agriculture.
Article written by Purebanger