Abstract:

Reducing income inequality in the world has become the challenge of our time. Since the global financial crisis of 2007/2008 made glaring the level of income disparity in the world, policymakers have set out to formulate and implement policies that can lead to income inequality reduction. The case of income inequality in Africa is quite alarming as 10 out of the 19 most unequal countries are African countries. The study engaged the stylised facts approach, and result shows the prevalence of strong institutional absence in Africa. The study concludes by recommending development of good institutional structure is the first place start on the journey to income inequality reduction.