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New wealth hubs for Africa on the rise

New wealth hubs for Africa on the rise

CONRAD ONYANGO, BIRD STORY AGENCY A rise in the demand for top talent and robust growth in Africa’s technology sector will drive far faster growth in private wealth in some of Africa's smaller economies - particularly, Uganda, Rwanda, Zambia and Mozambique - over the next decade, according to Africa Wealth Report 2022. The report projects private wealth growth of at least 50 percent by 2031 in these markets. “It will be driven by especially strong growth in the technology and professional services sectors,” according to the latest report by research firm New World Wealth and Henley & Partners, which helps…
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