Private investable wealth in Africa 2011-2022
Total private investable wealth in Africa amounted to 2.4 trillion U.S. dollars in 2022. The amount slightly increased by just over 14 percent in comparison to the previous year, when the coronavirus (COVID-19) pandemic led to job losses, drops in salaries, and the closure of many local businesses. South Africa, Egypt, Nigeria, Morocco, and Kenya were the five wealthier markets on the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities. Government funds were excluded.
