THE AFRICAN COURIER. Reporting Africa and its Diaspora! The African Courier is an international magazine published in Germany to report on Africa and the Diaspora African experience. The first issue of the bimonthly magazine appeared on the newsstands on 15 February 1998. The African Courier is a communication forum for European-African political, economic and cultural exchanges, and a voice for Africa in Europe.
Mauritians are the wealthiest individuals in Africa with an average wealth of US$25,700 per person, whilst people living in Zimbabwe are the poorest with US$200 per person. Interestingly, This was revealed in the just-published ‘AfrAsia Bank Africa Wealth Report 2017‘.
Note: “wealth per capita” refers to the average wealth of a person living in each country. It excludes government held wealth.
Other key findings from the report at the end of 2016 include:
▪ The average African individual had net assets of approximately US$2,000 (wealth per capita).
▪ Total individual wealth held on the continent amounted to US$2.2 trillion.
▪ There were approximately 145,000 HNWIs (high net-worth individuals) living in Africa, with combined wealth holdings of approximately US$800 billion.
▪ There were 7,010 multi-millionaires living in Africa.
Growth rate trends:
▪ African HNWI numbers have increased by 19% during the review period (2006-2016).
▪ 2016 was a bad year for African HNWIs. Their numbers decreased by 2% during the year.
▪ HNWI numbers in Africa are expected to rise by 36% over next 10 years, reaching approximately 198,000 by 2026.
Source: AfrAsia Bank and New World Wealth
Read the full report below:
