Wealth growth in African countries 2011-2021
Total private wealth in Africa decreased by seven percent from 2011 to 2021. Within individual markets, Mauritius registered the strongest performance, as wealth grew by 74 percent in the country over the last decade. On the other hand, Nigeria, Angola, and Egypt had the poorest performances, with private wealth shrinking by over 20 percent in the period. The wealth value referred to assets such as cash, properties, and business interests held by individuals living in each country, less liabilities. Government funds were excluded. According to the source, private wealth in Africa is forecast to climb by nearly 40 percent by 2031.
