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The “Africa Wealth Report 2018,” provides insights on wealth trends in African nations over the past 10 years, with projections for the next 10 years. The report says total individual wealth held in Africa currently amounts to around $2.3 trillion.
The report titled, “Africa Wealth Report 2018,” was conducted in collaboration with The AfrAsia Bank.
- Johannesburg
Total wealth: $276 billion. Major sectors: Financial services (banks), professional services (law firms, consultancies), construction, telecoms and basic materials.
- Cape Town
Wealth: $155 billion. Major sectors: real estate, financial services (fund management), retail and tourism.
- Cairo
Total wealth: $140 billion. Major sectors: real estate & construction, financial services and basic materials.
- Lagos
Total wealth: $108 billion. Major sectors: basic materials, real estate & construction, telecoms, transport and financial services.
- Durban
Total wealth: $55 billion. Major sectors: real estate, finance, healthcare, construction, retail and transport.
- Nairobi
Total wealth: $54 billion. Major sectors: financial services, real estate & construction, retail, tourism, FMCG, telecoms and basic materials.
- Luanda
Total wealth: $49 billion. Major sectors: real estate & construction, transport and basic materials (oil & gas).
- Pretoria
Total wealth: $48 billion. Major sectors: basic materials, manufacturing and financial services.
- Casablanca
Total wealth: $42 billion. Major sectors: basic materials, manufacturing and financial services.
- Accra
Total wealth: $38 billion. Major sectors: basic materials, manufacturing and financial services.
Other African cities in the report include Abidjan, Dar Es Salaam, Alexandria, Kampala, Windhoek, Abuja, Addis Ababa, Marrakesh, Tangler, Lusaka, Maputo, Gaborone and Mombasa.
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