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“Africa is home to some of the fastest growing markets, such as Rwanda, Uganda and Mauritius,<\/em>\u00a0says Andrew Amoils<\/strong>, Head of Wealth Research<\/strong> at New World Wealth<\/strong>. And we expect private wealth growth of +60% in these three countries over the next decade, driven by especially strong performance in the technology and professional services sectors.” \u00a0Mauritius is a particularly interesting case, with the fastest wealth growth on the continent, and another +80%<\/strong> in the next ten years. It also has one of the world’s fastest high-income growth rates, along with Australia, Malta<\/strong>, New Zealand<\/strong> and Switzerland<\/strong>. \u00a0The country already has the highest per capita wealth in Africa<\/strong>, at $34,500<\/strong>. South Africa<\/strong> ($10,970<\/strong>) and Namibia<\/strong> ($9,300<\/strong>) are (quite) far behind.<\/p>\n <\/p>\n <\/p>\n Wealth is very unevenly distributed on the continent: five countries (South Africa, Egypt, Niger, Morocco<\/strong> and Kenya<\/strong>) account for half of it. The same goes for its 136,000 millionaires<\/strong>, 305 hundred millionaires<\/strong> and 21 billionaires<\/strong>. \u00a0South Africa<\/strong> is home to twice as many as any other country in Africa<\/strong>, while Egypt<\/strong> has the highest number of billionaires.<\/p>\n <\/p>\n Dominic Volek<\/strong>, Head of Private Clients<\/strong> at Henley & Partners<\/strong>, points to the existence of well-established wealth hubs on the continent, such as South Africa, Egypt<\/strong> and Morocco<\/strong>. However, “High-income individuals are extremely mobile and their movements are a valuable indication of future economic trends in each country,”<\/em> he observes.<\/p>\n <\/p>\n Vusi Thembekwayo<\/strong>, CEO<\/strong> of Mygrowthfund Venture Partners,<\/strong> notes that growth has so far been concentrated in the southern and northern extremes of the continent (South Africa, Egypt, Morocco<\/strong>). But these are now being challenged by other countries such as Mauritius<\/strong> and the Seychelles<\/strong>.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Read also >\u00a0INDIA: THE LAND OF OPPORTUNITY FOR MERCEDES-BENZ<\/a><\/p>\n <\/p>\n <\/p>\n Featured photos : \u00a9 Christie’s International Real Estate[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n “Africa is home to some of the fastest growing markets, such as Rwanda, Uganda and Mauritius,<\/em>\u00a0says Andrew Amoils<\/strong>, Head of Wealth Research<\/strong> at New World Wealth<\/strong>. And we expect private wealth growth of +60% in these three countries over the next decade, driven by especially strong performance in the technology and professional services sectors.” \u00a0Mauritius is a particularly interesting case, with the fastest wealth growth on the continent, and another +80%<\/strong> in the next ten years. It also has one of the world’s fastest high-income growth rates, along with Australia, Malta<\/strong>, New Zealand<\/strong> and Switzerland<\/strong>. \u00a0The country already has the highest per capita wealth in Africa<\/strong>, at $34,500<\/strong>. South Africa<\/strong> ($10,970<\/strong>) and Namibia<\/strong> ($9,300<\/strong>) are (quite) far behind.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters libido-portugal.com<\/a>…<\/p>\n Already have an account ? Please log in<\/b><\/a>.<\/strong><\/p>\n [\/vc_cta][vc_column_text]Featured photo : \u00a9 Christie’s International Real Estate[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n “Africa is home to some of the fastest growing markets, such as Rwanda, Uganda and Mauritius,<\/em>\u00a0says Andrew Amoils<\/strong>, Head of Wealth Research<\/strong> at New World Wealth<\/strong>. And we expect private wealth growth of +60% in these three countries over the next decade, driven by especially strong performance in the technology and professional services sectors.” \u00a0Mauritius is a particularly interesting case, with the fastest wealth growth on the continent, and another +80%<\/strong> in the next ten years. It also has one of the world’s fastest high-income growth rates, along with Australia, Malta<\/strong>, New Zealand<\/strong> and Switzerland<\/strong>. \u00a0The country already has the highest per capita wealth in Africa<\/strong>, at $34,500<\/strong>. South Africa<\/strong> ($10,970<\/strong>) and Namibia<\/strong> ($9,300<\/strong>) are (quite) far behind.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters sito web dell’azienda<\/a>…<\/p>\nUnequal distribution<\/h2>\n
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Incomes in Africa continue to round up, especially for the wealthy. According to the seventh edition of the annual Africa Wealth Report, published by Kenley & Partners in partnership with the research firm New World Wealth, private wealth is expected to grow by 38% on the continent in the coming decade. And in Morocco, Kenya and Mozambique, it should even soar by +50% !<\/h4>\n
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Incomes in Africa continue to round up, especially for the wealthy. According to the seventh edition of the annual Africa Wealth Report, published by Kenley & Partners in partnership with the research firm New World Wealth, private wealth is expected to grow by 38% on the continent in the coming decade. And in Morocco, Kenya and Mozambique, it should even soar by +50% !<\/h4>\n