$1.6bn lost daily as Africans suffer water, power poverty, Labour fumes

The African Regional Organisation of the International Trade Union Confederation (ITUC-Africa) has strongly criticized African leaders, multinational corporations, and global financial systems, accusing them of massive wealth looting that leaves millions of citizens in poverty.

The organization stated that Africa loses an estimated $1.6 billion daily due to these exploitative practices. This immense loss occurs while a significant portion of the continent's population remains trapped in a cycle of poverty, lacking basic access to water, sanitation, and energy services.

In a statement released on Africa Day, ITUC-Africa described the situation as a "massive looting of Africa’s wealth." The union's critique highlights the disparity between the continent's rich resources and the dire living conditions faced by many of its people, underscoring a systemic failure to ensure equitable distribution and development.