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Kenya: 912 Wiped Out From the List of Dollar Millionaires in 2020 - Report
Capital FM, 24 February 2021
Nine hundred and twelve Kenyans were wiped out in the rank of dollar millionaires in 2020, reflecting the tough economic environment occasioned by the outbreak of the coronavirus… Read more »
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Kenya: Powerful Family Leaves Homeowners in Kiambu in Tears
Nation, 24 February 2021
Sometimes it can be costly to have a rich neighbour. They can cause you misery -- and lock you out of your home -- too, as hundreds of prospective homeowners have discovered in… Read more »
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Kenya: It's Possible to Be Rich Without Stealing - Ruto
Nairobi News, 20 February 2021
Deputy President William Ruto insists not all rich people are thieves. Read more »
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Kenya: Kenyans Bury Billions of Shillings to Give Their Dead Kin 'A Good Send-Off'
Nation, 20 February 2021
In this world, nothing can be as certain as death and taxes, to paraphrase Benjamin Franklin's letter to some French Physicist in 1789. Read more »
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Kenya: Here's Where Kenya's Super-Wealthy Invest Their Money
Capital FM, 12 March 2020
The country's super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight Frank says. Read more »
Less Ka-Ching Sees 912 Kenyans Booted From Richest List
Data by Knight Frank for the 2021 Wealth Report shows that Kenya's high net-worth individuals (HNWI) dropped from 4,235 in 2019 to 3,323 in 2020, reflecting a 22% drop. The report also states that these individuals are worth over U.S.$$984,000. Sixteen Kenyans slipped off the list of Ultra High Net-worth Individuals (UHNWIs), a group that is considered super-wealthy. 17 % of UHNWIs in Kenya are planning to buy a new home in 2021, with Kenya as their most popular destination, followed by the UK, U.S., South Africa, and Canada, the report stated further.
InFocus
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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, ... Read more »
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An oversupply of high-end homes has forced developers to sell the properties at lower prices, while a relatively unfavourable economic environment has also affected demand. ... Read more »
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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 »
