Africa remains the most unequal region in the world with Gini Index spanning from as high as 63.40 in South Africa to as low as 27.60 in Algeria. Additionally, ten of the 19 most unequal countries in the world are from Africa. A constructive discourse that dispels existing stereotypes is imperative to address the high inequality levels across the region to foster sustainable development. Through the targets highlighted in the SDGs 2030, Africa economies will cultivate an environment of equity.

REDUCE INCOME INEQUALITIES IN AFRICA

By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the African population at a rate higher than the national average of respective countries.

PROMOTE REGION-WIDE SOCIAL, ECONOMIC AND POLITICAL INCLUSION

By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.

ENSURE EQUAL OPPORTUNITIES AND END DISCRIMINATION

Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard.

ADOPT FISCAL AND SOCIAL POLICIES THAT PROMOTES EQUALITY

Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality.

IMPROVED REGULATION OF REGIONAL FINANCIAL MARKETS AND INSTITUTIONS

Improve the regulation and monitoring of regional financial markets and institutions and strengthen the implementation of such regulations.

ENHANCED REPRESENTATION FOR AFRICAN COUNTRIES IN FINANCIAL INSTITUTIONS

Ensure enhanced representation and voice for African countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions.

RESPONSIBLE AND WELL-MANAGED MIGRATION POLICIES

Facilitate orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-managed migration policies

SPECIAL AND DIFFERENTIAL TREATMENT FOR AFRICAN COUNTRIES

Implement the principle of special and differential treatment for African countries, in particular least developed countries, in accordance with World Trade Organization agreements.

ENCOURAGE DEVELOPMENT ASSISTANCE AND INVESTMENT IN LEAST DEVELOPED COUNTRIES OF AFRICA

Encourage official development assistance and financial flows, including foreign direct investment, to African countries, in accordance with their national plans and programs.

REDUCE TRANSACTION COSTS FOR MIGRANT REMITTANCES

By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent.