Uganda, Rwanda to beat Kenya in dollar millionaires growth
Dollars. Kenya remains strong in wealth creation partly due to well-developed and neutral news media outlets that form investment decisions. PHOTO | SHUTTERSTOCK
Kenya will trail Uganda and Rwanda in terms of growth in the number of super-rich individuals with investible assets worth more than $100 million over the next decade, due to more conducive business environments in the two East Africa Community states.
Kenya is projected to post a 55 percent growth in the number of centi-millionaires over the next 10 years to 2032, trailing Rwanda at 70 percent and Uganda at 65 percent, said a report by research firms New World Wealth and Henley & Partners.
