Wealth Report by Knight Frank
Africa's Wealth Boom: Kenya Emerges as a Real Estate Goldmine
In a surprising twist that's catching the eye of global investors, Africa is rapidly becoming the new frontier for wealth creation and prime real estate opportunities. At the heart of this economic renaissance? Kenya, a nation that's quickly transforming into East Africa's crown jewel for ultra-high-net-worth individuals (UHNWIs) and savvy property developers alike.
The Numbers Don't Lie: Africa's Wealth is on the Rise
Knight Frank's "Wealth Report 2024" drops a bombshell: Africa's UHNWI population surged by 3.8% from 2022 to 2023. While this might seem like small potatoes compared to the global average of 4.2%, it's a clear signal that Africa is punching above its weight in the wealth creation arena
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