The Africa Wealth Report, published in partnership with South African wealth intelligence firm New World Wealth, provides an in-depth analysis of the wealth sector in Africa, and highlights the trends among high-net-worth individuals (HNWIs), the luxury market, and the wealth management sector on the continent.

Released on 26 April 2022, the latest edition names Mauritius as “an Indian Ocean powerhouse", owing to the country having the highest wealth per capita (average wealth per person) in Africa, at USD 34,500, therefore pulling ahead of South Africa and Namibia. Mauritius is further deemed to be the fastest growing wealth market in Africa, with projected growth of 80% over the next decade.

This strong performance is attributed to the high quality of its services sector as well as its technology-driven approach to projecting itself as an investment hub of choice to foreign parties.

Access the full report from Henley & Partners here