Kenya is the fifth richest country in Africa, with much of the wealth concentrated in the hands of a few individuals.
How Wealthy Is Kenya
In a report prepared by New World Wealth in conjunction with AfrAsia Bank, the city took the top position thanks to its big number of High Net Worth Individuals (HNWI).
Nairobi’s wealth is largely in private hands with the report estimating that approximately Kshs5.4 trillion is held by private investors. The growth is driven by the sectors of financial services, retail operations, fast-moving consumer goods, telecommunications, real estate activities and the construction sub-sector.
- The East African scene has Nairobi leading followed by Dar es Salaam, Kampala, Mombasa, Kigali, Bujumbura and Juba.