Nairobi is the fourth-richest city in Africa and has a high number of high-net-worth individuals (HNWI), a new report shows.
Kenya’s capital center trails Cairo in Egypt at number one, followed by Cape Town in South Africa (two) and Lagos in Nigeria (three).
It also shows that the East African state has 4,700 U.S. dollar centimillionaires as well as 11 billionaires.
Between 2012 and 2022, its HNWI grew by 35 percent, which is even higher than Nairobi’s.
Its appearance on the list is attributed to it being a popular tourist destination that attracts the richest people in the country and globally.
“New York City wears the crown as the world’s top city with the most millionaires in 2023,” the report states.