Abuja -Nigeria is among some countries that will register immense economic growth over the next decade.
This is according to The Wealth Report 2015, compiled by Knight Frank with support from Standard Bank Wealth and Investment.
“The market is evolving and we are foreseeing positive future growth in key African countries like Nigeria, which has one of the strongest forecast growth rates in high-net-worth individuals over the coming decade,” Margaret Nienaber, Global Chief Executive of Standard Bank Wealth and Investment said.
She said Africa is one of the regions of the world with huge potential to grow its wealth, driven by a rising middle class and the increased success of many businesses.
Importantly, she said, reforms in many countries are being expedited, infrastructure is happening at a startling pace and foreign investors are noticing.
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“At Wealth and Investment we are well positioned to take advantage of the growth potential on the continent. We have offices throughout South Africa, and in Kenya, Nigeria, Mauritius, Jersey and London. With the Group’s footprint in 20 countries on the African continent we are also able to service high net worth clients in these other markets,” explained Nienaber.
The 2015 edition of The Wealth Report has been launched today in South Africa.
It highlights the increasing influence of global and African wealth flows on prime property and investment markets.
- CAJ News