Kenya Ranked Africa's 5th Richest Country
A newly released report on wealth has ranked Kenya the fifth wealthiest country in Africa.
The AfrAsia Bank Wealth Report 2018 shows that the country's assets including cash, property, equities and business interests are estimated at Sh10.4 trillion.
South Africa is the continent's richest nation with assets worth Sh72.8 trillion, followed by Egypt (Sh33.2 trillion) and Nigeria (Sh25.5 trillion).
Morocco is Africa's fourth richest country with a total net-worth of Sh12.2 trillion while Kenya closes the list of top five with a wealth of Sh10.4 trillion.
The ranking comes after The World Bank in its report of the Kenyan Private Equity and Venture Capital Landscape published this month showed that Kenya is fast closing in on South Africa and Nigeria as continent's leading private equity investment hub.
In similar fashion, global real estate consultancy firm Knight Frank in a report dubbed Inside View Kenya 2018 disclosed that the world’s super-rich are eying property in Nairobi due of its projected GDP growth of 5.8 percent.
The AfrAsia Bank Wealth Report also ranked Nairobi as the sixth richest city in Africa with a total wealth of Sh5.4 trillion.
Nairobi only trailed Johannesburg (South Africa), Cape Town (South Africa), Cairo (Egypt), Lagos (Nigeria), Durban (South Africa).
Comments (8)
The gap between the rich and the poor is what really counts and Kenya is doing poorly.
Sooooo i assume that if the thieving elite give back even 10% of the loot Kenya would be very rich and stop begging like stray dogs??
Mmmh I cannot wait for Africa times to give USA,uk,australia,France Aid one day.I know it will take time juu only Africa has 80% of the world resources in the ground from Gold,copper,quotum,uranium,lots of oil,good soils,good weather,less pollution n youthly pple.But As we know it well they West cause troubles as they know best,they cannot stand Africa rising but Gods time is Gods time n nothing can b stopped n Chinese r here to stay n to help us develop the African tigers
Almost all of Africa’s so called ‘educated freedom fighters’who lived long enough(not assassinated ), were brainwashed by the colonialists. They created this culture of corruption & impunity .They looted,enslaved and murder their own in the name of keeping power. Their successors turned Africa into a brothel with a revolving door. Only the pimps get paid. Europeans,Israelis and Arabs are done,now its Chinese’s time next will be north pole peps. It’s upon the new generation to change this.
@ufidadi to b fair colonialist r the ones who brot this corruption n impunity coz that’s the only way they could have managed to divide us so they can continue to rape our resources then when they left ofcourse our pple continued with what they were taught by colonialist.We know the history pretty well.Africans were so much fools such that they even brot their white Jesus to us n white pope who we continue worshipping upto today.Why did we leave our Gods who they found us with?????No wonder Wr called shitholes n monkeys.Upto today we love anything white pple,white country,white Jesus christ Bure kabisa.
👍🏿👍🏿
Of course it is.
Look at this:
Distribution of looted wealth in the Moi family
Gideon Moi
1. Eagle Airlines
2. Chemusian Ltd
3. Fresh Produce Ltd
4. Siginon Freight
5. Car Track Kenya Ltd.
6. First American Bank (which has since been sold to Kenyatta-family owned Commercial Bank of Africa)
7. Equatorial Bank (which rebranded to Spire Bank in 2016)
8. The Sasine Group of Farms
9. Cable and Wireless.
10. Kent Ship Maritime.
11. Sielei Properties Ltd
12. Giant Holdings Ltd
13. Revak Ltd, Sudbury Ltd
14.Sudbury Investments
15. Giant Forex Bureau
16. Westfield International Ltd
17. Chesco Ltd
18. Hampstead Enterprises
19. Metipso Services Ltd
20. Maternity Shop Ltd
21. Maritime Logistics Ltd
22. Homestead Enterprises
Philip Moi
23. Mugoya Construction
24. Asian Roses
25. First Force Security
26. Equity Stock Brokers
27. Safariland Club
28. Taurino Enterprises
29. Regent Management
30. Giro Bank
31. Paradise Holdings
32. Gateway Properties
33. Hahuru Investors
34. Sheraton Holdings
35. Concord Holdings
36. Extra Kenya
37. Tiger Farm Ltd
38. Moi High
39. Kabarak University
40. Real estates in South African, London & California
Majority of the companies are shell corporations holding Kenya's looted wealth between 1978 - 2002.
You can verify all of this looted wealth in the Kroll report. The Moi family needs to be prosecuted & all assets recovered.
Courtesy of twitter.
@ Victoria n many fools were celebrating moi day??Bure kabisa.I cannot celebrate thugs who have raped our poor pple their money n livelyhood