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Kenya Ranked 5th Wealthiest In Africa

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Kenya is the fifth richest country in Africa, with much of the wealth concentrated in the hands of a few individuals, a new report has shown. Revealing an increasing inequality, the Africa 2018 Wealth Report puts Kenya’s total wealth at Sh10.4 trillion.

 

However, Kenya ranks poorly in terms of wealth distribution per person. South Africa was ranked the wealthiest on the continent with a net value of Sh72 trillion, followed by Egypt at Sh33 trillion, Nigeria’s Sh25 trillion and Morocco at Sh12 trillion.

 

However, Kenya ranks poorly in terms of wealth distribution per person. South Africa was ranked the wealthiest on the continent with a net value of Sh72 trillion, followed by Egypt at Sh33 trillion, Nigeria’s Sh25 trillion and Morocco at Sh12 trillion.

 

“The total wealth sums up private wealth held by all individuals living in each country, including assets such as property, cash, equities and business interests, less any liabilities,” read the report in part.

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