Africa’s Wealth Landscape

Namibia’s millionaire population expected to grow by 2033

Namibia’s millionaire population expected to grow by 2033

Martin Endjala By 2033, there will likely be more millionaires in Namibia than in any other African country. This is according to a recently released report on Africa's Wealth Landscape for 2024. The reports suggest that over the next decade, countries such as Namibia, Mauritius, Morocco, Zambia, Kenya, Uganda, and Rwanda are all expected to experience a growth in millionaires above 80%. The report also projected Namibia's growth in high-net-worth individuals (HNWIs) to exceed 85% by 2033. “The country's inclination towards offering residence by investment, coupled with its resource-rich economy and strategic location, is expected to attract global investors,” the…
Read More