top of page
  • Writer's pictureRCS Ottawa

The island where Africa’s rich get richer

Last year was tough for Africa’s wealthy. Across the continent, the rich saw their ranks decline. Tiny Mauritius, however, bucked the trend in a big way.

There were approximately 145,000 people with net assets worth $1 million or more living in Africa at the end of 2016, down 2% from the previous year, according to a report by AfrAsia Bank. In Mauritius, meanwhile, the number of millionaires grew by 20% in 2016, to 3,800, more than in much larger countries like Ethiopia and Ghana. (The average African has a net worth of $2,000.)

Still, established economies such as South Africa and Egypt are home to the most millionaires on the continent:

0 views0 comments

Recent Posts

See All

How should we Mask COVID-19?

Global coronavirus deaths have been falling—but scientists are worried that more infectious new variants of the virus may reverse those trends. As quickly as vaccines were developed, the virus has ev

How We Can Stop the Spread of COVID-19 By Christmas

We have a long road ahead before a vaccine is safe, effective and, most crucially, widely available. We need a multi-pronged public health strategy that includes a national testing plan that utilizes

mRNA the innovation behind Pfizer and Moderna vaccines

Messenger RNA (mRNA) is a pivotal molecule of life, involved in almost all aspects of cell biology. The last decade has seen improvements in the delivery of a new class of mRNA drugs. In molecular bi

bottom of page