• News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Home Business

Nigeria, South Africa, Egypt top list of African countries with the Richest people

Omotayo Daranjo by Omotayo Daranjo
February 24, 2022
in Business
0
Nigeria, South Africa, Egypt top list of African countries with the Richest people
0
SHARES
30
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Report: Nigeria Tops List of Countries With Most Cash Dominant Economy in 2023 in the world Read

Nigeria’s trade surplus hits 5-yr high on weaker naira

The Swiss Investment Bank’s Research Institute has released a report that ranked Kenya as the 4th African country with the highest concentration of wealthy individuals after Nigeria, South Africa, and Egypt.

According to the report, Credit Suisse’s 12th edition of the Global Wealth Report, Kenya ranks fourth in Africa with the highest concentration of wealthy individuals whose total wealth is estimated at ($338billion) as of 2020.

In East Africa, Kenya ranks 1st place, followed by Rwanda, whose wealth per adult stands at $4,188; Tanzania ($3,647); Uganda ($1,994); Democratic Republic of Congo ($1,240) and Burundi ($728).

In Africa, the report noted that the continent’s total wealth barely changed, with exchange rate appreciation accounting for the slight change in wealth in the continent. The report, however, did not release the names of the wealthiest individuals who made the list.

Globally, the report highlighted that wealth grew by 7.4 per cent last year, and wealth per adult rose by six per cent to $79,952. It added that the countries most affected by the pandemic did not fare poorly in terms of wealth creation as “Wealth creation in 2020 was largely immune to the challenges facing the world due to the actions taken by governments and central banks to mitigate the economic impact of Covid-19,” the report stated.

Tags: LIST OF AFRICAN COUNTRIES WITH THE RICHEST PEOPLE

Related Posts

Business

Report: Nigeria Tops List of Countries With Most Cash Dominant Economy in 2023 in the world Read

July 13, 2024
Nigeria’s trade surplus hits 5-yr high on weaker naira
Business

Nigeria’s trade surplus hits 5-yr high on weaker naira

December 5, 2023
FOUR MULTINATIONAL COMPANIES HAVE LEFT NIGERIA IN 2023
Business

FOUR MULTINATIONAL COMPANIES HAVE LEFT NIGERIA IN 2023

November 16, 2023
3 Gratitude Habits for Business Leaders to Motivate Your Teams — and Yourself.
Article

3 Gratitude Habits for Business Leaders to Motivate Your Teams — and Yourself.

May 18, 2023
‘Just one in seven’ Black Friday deals are real discounts – as worst offenders exposed
Business

‘Just one in seven’ Black Friday deals are real discounts – as worst offenders exposed

November 22, 2022
Naira redesign: Squeeze, spray notes, face wrath of law – CBN
Business

Naira redesign: Squeeze, spray notes, face wrath of law – CBN

November 18, 2022
Next Post
Diddy almost let 2pac’s Fiancee Kidada Jones Drink his Urine – Ex- bodyguard claims

Diddy almost let 2pac's Fiancee Kidada Jones Drink his Urine - Ex- bodyguard claims

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Trumpet International Magazine is a real-time and comprehensive news magazine. It is an independent, national news provider for Africans, reporting daily developments and events in South Africa and other African Countries and their Citizens based in South Africa.

Categories

  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts

Recent Post

Zenith Bank to exit CBN’s regulatory forbearance by 30th June, assures shareholders of continued dividend payout

Ex-VP Namadi Sambo denies defection to APC, pledges loyalty to PDP

Natasha: Group insists on prosecution, challenges senator to provide evidence

Benue: Tiv, Idoma, Hausa, Yoruba, Igbo must unite to build Nigeria – Tinubu

Is Eric Chelle watching? Four eligible stars who could play for Super Eagles after the Club World Cup

News
Omotayo Daranjo
Zenith Bank to exit CBN’s regulatory forbearance by 30th June, assures shareholders of continued dividend payout

Zenith Bank Plc, Nigeria’s biggest bank by Tier-1

Read More »

Trumpet Magazine | © 2021.

Facebook Twitter Youtube Linkedin Instagram

Add New Playlist