Coffers of Africa's Wealthy Swell
Kenya has 42 individuals worth over U.S.$30 million each, South Africa tops the rankings in the continent with 1,033 such individuals, followed by Nigeria with 724 and Morocco 215, according to Knight Frank's Global Wealth Report. Globally, the US has the highest number of ultra-rich people in the world at 240,575.
Qualifying Kenyans will in addition, pay U.S.$20,000 in legal fees and an extra U.S,$45,000 in investment management fees to Atlantic American Partners, the firm managing the ... Read more »
In a tweet, which he later deleted, Deputy President William Ruto has warned his critics to refrain from accusing him of corruption just because he was not born into a wealthy ... Read more »
Agriculture, which is the country's economic backbone, remains a key driver of growth in most counties with the exception of Nairobi and Mombasa, according to a new report. It ... Read more »