Over half of Africa's private wealth is held by South Africa, Egypt, Nigeria, Kenya, and Morocco

According to a survey by Henley & Partners in collaboration with New World Wealth, Africa's private wealth totals $2.4 trillion, with five cities accounting for more than half of the continent's wealth. Johannesburg, Cairo, Cape Town, Lagos, and Nairobi are among these cities, and they account for 56% of the continent's high-net-worth individuals (HNWIs).The research also highlights some of the world's fastest-growing markets, such as Rwanda, Mauritius, and the Seychelles, which have had 72%, 69%, and 54% wealth growth over the last decade, respectively. Mauritius is anticipated to have the highest private wealth growth rate in the next decade (until 2032), at 75%, making it the world's fourth fastest-growing country in terms of millionaire growth percentage terms, after Vietnam, India, and New Zealand. Namibia is also expected to see its private wealth grow over 60% in the next 10 years as its recently launched residence by investment offering likely attracts high-net-worth investors from across the globe. It is worth noting that the millionaire population on the African continent is expected to rise by 42% over the next decade, and Africa currently boasts some of the world's fastest-growing markets, making it an attractive destination for HNWIs looking to invest in the region.