This archive report was first published on 26 July 2019.
Published on July 26, 2019, a report by AfrAsia Bank ranked Kenya's wealth market as the eighth best performing globally.
The Global Wealth Migration Review placed Mauritius in second position and Ethiopia in third, while Ghana and Botswana ranked below Kenya.
Kenya's 64% growth between 2008 and 2018 was significantly lower than Mauritius' 124% and Ethiopia's 102% growth during the same period.
According to the report, global wealth increased by 26% over the past decade, rising from $161 trillion in 2008 to $204 trillion in 2018.
Despite this, Mauritius was expected to retain its position as the best wealth performing market in Africa due to its favorable policies, including low tax rates and a business-friendly environment.
China was ranked as the best wealth performing market globally, while Denmark was ranked as the worst.
This ranking comes on the heels of Nairobi's recognition as a regional hub and stable political climate, making it an attractive destination for investors.
