South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for 56% of Africa’s high-net-worth individuals (HNWIs) and over 90% of its billionaires.

Only five countries control 56 per cent of Africa’s total wealth, reveals the 2023 Africa Wealth Report released by UK investment consultancy company Henley & Partners.

The report reveals that Africa’s ‘Big 5’ private wealth markets — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for 56% of the continent’s high-net-worth individuals…