Africa Wealth Report

50% Of Africa's Wealth Revolves Around 3 Countries Only

50% Of Africa’s Wealth Revolves Around 3 Countries Only

Some recent findings have revealed that over half of Africa’s combined wealth and generated GDP is being controlled and revolves around three nations which had been reported the Africa Wealth Report 2022 (pdf) which had been published by the United Kigdom investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth.

The countries which are namely South Africa, Egypt, and Nigeria have been reported to respectively command over $651 billion, $307 billion, and $228 billion in private wealth make up $1.18 trillion which also translates to an estimated 56% of Africa’s $2.1 trillion …