Kenya’s Wealth Market Performance Ranked Eight Globally
According to the latest reports by the Global Wealth Migration, Kenya ranks at position eight in the best-performing wealth market globally. This has been attributed to conducive environment for business enjoyed by investors in the country.
The report further indicates that the country has recorded a 64 percent in its financial growth for the past ten years since 2008, while Mauritius and Ethiopia recorded 124 per cent and 102 percent.
From the report, other best-performing countries include Mauritius at position 2, and Ethiopia at position three ahead of Kenya, while Ghana and Botswana at 14 and 19 respectively.
“Global wealth has risen by 26 percent over the past ten years from USD161 trillion at the end of 2008 to USD204 trillion at the end of 2018,” reads the report.
However, Mauritius’ policies favor it most thus having the chance to remain in the position a bit longer.
“Safe country, business-friendly, and has low tax rates compared to the rest of Africa. The country is a hotspot for High Net Worth Individuals (HNWIs).” reads the report “We expect Mauritius to benefit from strong financial growth in the local financial services and record a 130% ten-year growth,”
China wealth performance still leads globally, while Denmark records the worst wealth markets across the globe.