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The Africa Wealth Report is the definitive guide to Africa’s wealth and luxury sector, published annually by Henley & Partners — the global leader in residence and citizenship by investment — in partnership with wealth intelligence firm New World Wealth.
The report provides a comprehensive review of private wealth in Africa, including high-net-worth-individual, luxury, and wealth management trends, as well as expert insights on investment, the investment migration sector, and economic mobility on the continent.
The 2023 edition reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s high-net-worth individuals and over 90% of the continent’s billionaires. However, their continued dominance is far from assured, and they could soon be challenged by the likes of Mauritius and Rwanda, which are fast gaining ground. Namibia’s new residence by investment offering positions it as a future potential rival as well.
With the continent’s millionaire population expected to rise by 42% over the next 10 years, all eyes are on Africa.
Watch our video to see an overview of the Africa Wealth Report 2023.
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Download the report and read insightful essays by our distinguished expert contributors.
Group Chairman & Group CFO
WIPHOLD
Africa — despite its many challenges, own goals, misperceptions, and negative international press — is undoubtedly open for business in 2023.
Group Head of Private Clients
Henley & Partners
With millionaire growth of 42% projected on the African continent over the next decade, entrepreneurs, businesspeople, and wealthy families are embracing investment migration as a strategy to improve their travel freedom and economic mobility, secure location optionality, and mitigate risk.
Director of Economic Research and Statistics
Islamic Development Bank (IsDB) Institute
When it comes to visa-free access to global economic output, the citizens of African countries and other developing nations with sizable and growing private wealth are at a distinct disadvantage. More than just a travel document, our passports can define our financial freedoms regarding access to international investment and business opportunities.
Senior Manager: Marketing, Branding & Communications
Namibia Investment Promotion and Development Board
With a strong focus on economic diversification, favorable investment policies, and a well-developed infrastructure, Namibia — a land of vast natural resources — is emerging as a promising investment destination.
Henley & Partners assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation.
