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              <text>POVERTY AND CORPORATE SOCIAL RESPONSIBILITY IN AFRICA: A CRITICAL ASSESSMENT</text>
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              <text>DR. JEPHIAS MATUNHU</text>
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              <text>The desktop study is on poverty and underdevelopment, which continues to be a matter of concern in the&#13;
developing world. According to Chen and Ravallion (2008), about 1.4 billion people (one in four) lived&#13;
on less than $1.25 a day in 2005. The above situation is likely to worsen in Africa where governments are&#13;
failing to eradicate poverty alone. Giant transnational corporations (TNC) are increasingly called upon to&#13;
champion poverty reduction in the continent. Notably, of the world’s 100 largest economic entities, 51 are&#13;
giant TNCs and the world’s 200 largest corporations have combined sales that are greater than the combined&#13;
GDP of all countries in the world. This desktop research assumes that bodies corporate are the key&#13;
institutions for eradicating poverty in Africa; and so are called upon to make a significant contribution to&#13;
the society that they operate in and depend upon for their economic and financial might. More specifically,&#13;
this paper examines the role of giant TNCs in poverty reduction in a continent that has high poverty levels&#13;
but endowed with plentiful resources</text>
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