Africa’s Millionaire Population Set For Decade-Long Boom

1 min Read November 5, 2023 at 8:56 AM UTC

Not all Africans are poor. This is arguably the key takeaway from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners and New World Wealth, which challenges the common stereotype that Africa is uniformly poor.

The study, a definitive guide to African wealth, takes a close look at private wealth on the continent. Africa’s wealth is concentrated in five key markets: South Africa, Egypt, Nigeria, Kenya, and Morocco but their dominance could potentially be challenged by emerging economies like Mauritius and Rwanda, which could see a potential shift in the dominance of these wealth markets over the next decade.

Read our summary of the report here

Africa Wealth Report

Africa wealthiest cities

Africa wealthiest countries

Billionaires in Africa

dabafinance

Egypt

Henley & Partners

investing in africa

Kenya

Millionaires in Africa

Morocco

New World Wealth

Nigeria

South Africa

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