{"id":551063,"date":"2022-05-23T13:15:09","date_gmt":"2022-05-23T13:15:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/"},"modified":"2022-05-23T13:15:09","modified_gmt":"2022-05-23T13:15:09","slug":"egypt-has-the-second-highest-private-income-holdings-on-the-continent","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/","title":{"rendered":"Egypt has the second highest private income holdings on the continent"},"content":{"rendered":"

<\/a> Egypt has the second-highest amount of private wealth in Africa with some USD<\/strong> 307 bn in private holdings<\/strong>, according to a new report (pdf)<\/a> from investment firm Henley and Partners. This puts the country second only to South Africa, which dominates the list with almost double the amount of private wealth as Egypt and the highest number of high net worth individuals (those with a net worth above USD 1 mn), multi-mn\u2019aires (those with over USD 10 mn) and centi-mn\u2019aires (those with upwards of USD 100 mn).<\/p>\n

Egypt is also home to the largest number of bn\u2019aires on the continent<\/strong>, with seven of the continent\u2019s 21 included in the group\u2019s report. Most of these bn\u2019aires (four) live in Cairo, which ranks as the third-richest city on the continent and holds some USD 128 bn (c.42%) of the country\u2019s private wealth. Some 8.2k HNWIs, 440 multi-mn\u2019aires, and 29 centi-mn\u2019aires also call Cairo home. Alexandria, meanwhile, ranks as the 13th-richest city in Africa with some USD 23 bn in private wealth and where 1.7k HNWIs, 100 multi-mn\u2019aires, 8 centi-mn\u2019aires and 1 bn\u2019aire reside.<\/p>\n

These figures all pretty much fall in line with the findings of prior reports with a similar focus. <\/strong>A 2020 report prepared by Frank Knight found<\/a> that Egypt held the second highest number of ultra-high net-worth individuals in Africa (UHNWI) \u2014 those with a net worth above USD 30 mn \u2014 after South Africa and above Nigeria. A separate 2018 report by AfrAsia Bank also concluded<\/a> that Egypt was the second-wealthiest country in Africa by total wealth, but a distant sixth in wealth per capita.<\/p>\n

Private wealth on the continent is expected to grow 38% and reach USD 3 tn over the next decade<\/strong>, which is most likely going to be driven by growth in technology and professional services. \u201cWe expect especially strong growth in the centi-mn\u2019aire wealth band,\u201d Andrew Amoils, head of research at the South Africa-based wealth intelligence firm New World Wealth \u2014 from which the entirety of the report\u2019s data originates \u2014 told Bloomberg<\/a>.<\/p>\n

But overall, privately held wealth has actually been on the decline since 2011 across the continent:<\/strong> Total African wealth, which is currently worth some USD 2.1 tn, has seen a 7% decline in the 10 years between 2011 and 2021. This is primarily the cause of \u201cpoor returns\u201d in South Africa, Egypt and Nigeria, the report says. Egypt alone has experienced a 23% decline in privately held wealth in the past decade. The story is much the same for Nigeria and South Africa, which saw reductions of 27% and 12% in their respective private wealth holdings over the same period.<\/p>\n

2020 was an especially trying year for African wealth <\/strong>which saw the number of high net-worth individuals fall from 138k in 2019 down to 125k in 2020 \u2014 the sharpest single-year decline tracked in the past decade.<\/p>\n

Poorer countries on the other hand have seen growing wealth during this period:<\/strong> Mauritius, whose total private wealth of some USD 44 bn is considerably lower than Egypt, Nigeria and South Africa\u2019s saw a 74% increase in private wealth in the past ten years. Rwanda, which ranked dead last in the report\u2019s rankings, with only USD 11 bn in private wealth, saw a 60% increase in its holdings over the same period.<\/p>\n

When it comes to per capita wealth, some of the top performers lose their edge: <\/strong>Along with this measure, which is probably a better indicator of how concentrated wealth is in many of these places, Mauritius seems to outperform every other country on the continent by a long shot with some USD 34.5k in wealth per capita. Egypt falls to 6th place with some USD 3k per capita, and Nigeria \u2014 which ranked third after Egypt in private wealth holdings \u2014 sinks to the 11th spot with some USD 1.1k per capita.<\/p>\n

How <\/strong>does the math<\/strong> work?<\/strong> Ease of doing business in the country, safety, and a growing financial services sector were among the reasons posited by Henley as contributing to Mauritius\u2019 performance. But it could also be that Mauritius has a tiny population of 1.26 mn compared to South Africa, Egypt, and Nigeria and a decent number of HNWIs that are obscuring the actual degree of inequality.<\/p>\n

Mauritius, Rwanda and Uganda are expected to be driving growth in wealth markets<\/strong>, which could reach some 60% over the next decade, the report suggests. Other countries on the list can expect to see more moderate growth in the ballpark of 20%-40% over the same period.<\/p>\n

With all that in mind, it is still difficult to ignore the reality of inequality that plagues much of the continent: <\/strong>In South Africa, the country with the highest degree of income inequality on the continent, the richest 10% of the population own more than 85% of household<\/a>wealth and some 3.5k adults own more than the poorest 32 mn people in the country. In Egypt, the country\u2019s poverty rate rose to 32.5% in FY2017-2018, up from an estimated 27.8% in 2015 and the top 10% of income earners hold 49.9% of national income<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has the second-highest amount of private wealth in Africa with some USD 307 bn in private holdings, according to a new report (pdf) from investment firm Henley and Partners. This puts the country second only to South Africa, which dominates the list with almost double the amount of private wealth as Egypt and the […]<\/p>\n","protected":false},"author":1,"featured_media":551064,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[7098,633,2778,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-africa","tag-enterprisepm","tag-henley-and-partners","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"713782b6-cad9-4539-ac2a-932f006edb2c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/516.jpg","photo_position":"above","related_issue":[551053],"teaser":"","voice_url":""},"yoast_head":"\nEgypt has the second highest private income holdings on the continent - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt has the second highest private income holdings on the continent\" \/>\n<meta property=\"og:description\" content=\"Egypt has the second-highest amount of private wealth in Africa with some USD 307 bn in private holdings, according to a new report (pdf) from investment firm Henley and Partners. This puts the country second only to South Africa, which dominates the list with almost double the amount of private wealth as Egypt and the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-23T13:15:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt has the second highest private income holdings on the continent\",\"datePublished\":\"2022-05-23T13:15:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\"},\"wordCount\":823,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Africa\",\"EnterprisePM\",\"Henley and Partners\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\",\"name\":\"Egypt has the second highest private income holdings on the continent - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-05-23T13:15:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt has the second highest private income holdings on the continent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt has the second highest private income holdings on the continent - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/","og_locale":"en_US","og_type":"article","og_title":"Egypt has the second highest private income holdings on the continent","og_description":"Egypt has the second-highest amount of private wealth in Africa with some USD 307 bn in private holdings, according to a new report (pdf) from investment firm Henley and Partners. This puts the country second only to South Africa, which dominates the list with almost double the amount of private wealth as Egypt and the […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-05-23T13:15:09+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt has the second highest private income holdings on the continent","datePublished":"2022-05-23T13:15:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/"},"wordCount":823,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1","keywords":["Africa","EnterprisePM","Henley and Partners","THE MACRO PICTURE"],"articleSection":["THE MACRO PICTURE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/","name":"Egypt has the second highest private income holdings on the continent - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1","datePublished":"2022-05-23T13:15:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/23\/egypt-has-the-second-highest-private-income-holdings-on-the-continent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt has the second highest private income holdings on the continent"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/516.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":645591,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/cairo-has-the-second-largest-number-of-hnwis-in-africa-alexandria-13th\/","url_meta":{"origin":551063,"position":0},"title":"Cairo has the second largest number of HNWIs in Africa, Alexandria 13th","author":"enterpriseam admin","date":"25 July 2017","format":false,"excerpt":"Cairo has the second largest number of HNWIs in Africa, Alexandria ranks 13th: Wondering where the rich live in Africa? Cairo comes in second place on the list of African cities with the largest number of high net worth individuals (HNWIs), according to AfrAsia Bank\u2019s Africa Wealth Report 2017. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552975,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/the-number-of-mnaires-in-the-world-is-expected-to-grow-by-40-by-2026\/","url_meta":{"origin":551063,"position":1},"title":"The number of mn\u2019aires in the world is expected to grow by 40% by 2026","author":"enterpriseam admin","date":"12 October 2022","format":false,"excerpt":"B\u2019naires might have lost out this year (not that they\u2019re likely to miss it), but the number of m\u2019naires is on the rise. The number of people around the world with at least USD 1 mn in assets will grow to surpass 87 mn by 2026, up 40% from the\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/443.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670923,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/28\/its-interest-rate-day-2\/","url_meta":{"origin":551063,"position":2},"title":"It\u2019s interest rate day","author":"enterpriseam admin","date":"28 August 2025","format":false,"excerpt":"Good morning, friends and happy Thursday to you all. We have a brisk issue for you this morning with fresh investment news leading the news well following the announcement of a USD 220 mn solar component complex courtesy of a consortium of Egyptian, Chinese, Bahraini, and Emirati investors. We also\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2177.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570098,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/18\/egypt-holds-the-second-highest-number-of-ultrarich-individuals-in-africa\/","url_meta":{"origin":551063,"position":3},"title":"Egypt holds the second highest number of ultrarich individuals in Africa","author":"enterpriseam admin","date":"18 March 2020","format":false,"excerpt":"Egypt holds the second highest number of ultra-rich individuals in Africa: There are currently 764 ultra-high net worth individuals (UHNWI)\u2014those with a net worth above USD 30 mn\u2014in Egypt, only second to South Africa and just ahead of Nigeria, according to a Knight Frank Wealth report. The number of UNHWIs\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568945,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/africa-could-be-transformed-by-the-digital-economy-but-only-if-its-infrastructure-is-strengthened\/","url_meta":{"origin":551063,"position":4},"title":"Africa could be transformed by the digital economy \u2014 but only if its infrastructure is strengthened","author":"enterpriseam admin","date":"9 February 2020","format":false,"excerpt":"African countries could be transformed by the digital economy \u2014 but only they invest in infrastructure: Africa must tackle significant deficits in its digital infrastructure to capitalize on the strong economic prospects that a digital transformation would afford, Vice President of the World Bank for Africa Hafez Ghanem writes, in\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644973,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/tourism-arrivals-in-africa-up-6\/","url_meta":{"origin":551063,"position":5},"title":"Tourism arrivals in Africa up 6%","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"Tourist arrivals to Africa are growing by 6% on average each year, according to a report by UNCTAD. \u201cNorthern Africa is the main draw for international tourists as it received almost half of total international arrivals in Africa between 2011-14,\u201d the report states. Despite political and security challenges, Egypt led\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551063"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551063\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551064"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551063"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551063"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}