The new report titled, “Global Wealth Migration Review," states that global wealth has risen by 26% over the past 10 years (from $161 trillion at the end of 2018 to $204 trillion at the end of 2018), assisted by strong wealth growth in Asia.

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According to the report, high growth rates were recorded in countries with high-income markets such as New Zealand, Australia, Hong Kong, Singapore, Korea and Israel.

Here are the top performing wealth markets in Africa over the period

  • Mauritius 124%
  • Ethiopia 102%
  • Kenya 64%
  • Ghana 51%
  • Botswana 46%

Worst wealth markets in Africa

  • Egypt -10%
  • Nigeria -4%

New World Wealth is a global market research group based in Johannesburg, South Africa sponsored by AfrAsia Bank. The report excludes war-torn countries such as Libya, Syria and Iraq due to lack of reliable data.