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Breaking the mould: Africa’s non-traditional wealth hubs spring up

Breaking the mould: Africa’s non-traditional wealth hubs spring up

SMALLER African nations are giving rise to a new generation of millionaires, challenging the 'big five" wealth markets on the continent – South Africa, Egypt, Nigeria, Kenya, and Morocco - some of which have experienced millionaire "flight" over the past decade. According to the latest Africa Wealth Report published by Henley & Partners and New World Wealth, the growth of high-net-worth individuals in traditional powerhouse economies like South Africa, Egypt, and Nigeria is cooling off. In contrast, emerging markets such as Rwanda, Cote d'Ivoire, and Zambia are experiencing a surge in their millionaire populations, indicating a shift in wealth generation…
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