Wealth Among Africa’s Rich Poised to Jump to $3 Trillion by 2031
- Mauritius, Rwanda and Uganda are expected to lead the gains
- Especially strong growth seen in centi-millionaire wealth band
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Private wealth held in Africa is expected to leap 38% over the next decade to $3 trillion, fueled by growth in the technology and professional services sectors.
Mauritius, Rwanda and Uganda are forecast to increase non-state wealth at the fastest rates in the continent during the period -- by at least 60% -- according to a Henley & Partners Africa Wealth Report published Tuesday. Significant gains are also expected in Kenya, Morocco, Mozambique and Zambia, it said.