Africa Dollar Millionaires Forecast To Double

Millionaires in Nigeria, Kenya and Angola will more than double by 2030, boosting the prospects for private banking in Africa, according to research firm New World Wealth.

Millionaires in Nigeria, Africa's biggest oil producer, will rise 174% to 43,000 from 15,700 this year, the UK-based company said, after using a sample of high-net-worth individuals and World Bank data to compile a report.

The continent's richest man, Aliko Dangote, hails from Nigeria and is reported to be worth more than $22bn.

Editor's Comment
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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