Lux Afrique
82 Articles0 Comments

Lux Afrique freelance writer

WHAT DESIGNER BRANDS DO MILLIONAIRES IN AFRICA LIKE? PART 2

Following on from WHAT DESIGNER BRANDS DO MILLIONAIRES IN AFRICA LIKE? PART 1 , find out what the top luxury brands favoured by African millionaires are. 800 High Net Worth Individuals are interviewed each year by New World Wealth, a research…

WHAT DESIGNER BRANDS DO MILLIONAIRES IN AFRICA LIKE? PART 1

What are the top luxury brands favoured by African millionaires? 800 High Net Worth Individuals are interviewed each year by New World Wealth, a research company that studies high growth markets in the global wealth sector. Here are the results.…

NAIROBI LUXURY HOME PRICES SECOND FASTEST GROWING IN AFRICA

IN SUMMARY Kenyans working abroad have also been identified as key players in the country’s real estate sector. Those in the diaspora send over Sh10 billion back into the country each month, some of it for investment. Kenya is also…

DE BEERS SIGNS ‘LONGEST EVER’ ROUGH DIAMOND AGREEMENT WITH NAMIBIA

Anglo American’s subsidiary The De Beers Group of Companies and the government of Namibia have announced the signing of a new 10-year sales agreement, the longest ever between the two, for the sorting, valuing and sales of Namdeb Holdings diamonds. Namibia…

AFRICA TODAY IS LIKE CHINA IN THE 1980s

In the 1980s, China was far from the economic heavyweight it is today, but it was already in the midst of the economic reforms that would help make it the world’s largest economy by some measures. Today, plenty of retailers, especially…

LUXURY BRANDS TURN TO AFRICA

Despite high inequality, South Africa has long been considered a bastion of wealth in Africa. Luxury brands see it as an established market for high-end goods. As wealth outside of South Africa grows, fashion houses and other luxury producers are…

TOP 5 LUXURIOUS HOTELS IN NAIROBI

Kenya’s capital city Nairobi is arguably one of the most beautiful tourist destinations in Africa. It has luxury as its way of life and the beautiful luxury hotels showcase it magnificently. Whether you are a discerning traveller, business executive or you…

KIGALI SPARKLES ON THE HILLS

Rwanda’s moniker, “land of a thousand hills,” not only attests to the country’s unique geography but also suggests the trajectory of Kigali through its many crises to become a model sustainable city. Kigali is one of Africa’s rising cities: it…

KENYA TOPS EAST AFRICA’S MILLIONAIRES CHART

Kenya is now among the top five countries in Sub-Saharan Africa with a high number of dollar millionaires, says a new report. According to the report by New World Wealth, a South African market research firm, Kenya now has 8,500…

MAURITIUS THE TOP HOT SPOT FOR AFRICAN MILLIONAIRES

Mauritius has emerged as an attractive luxury hot spot for millionaires in Africa in the past decade, with Kenya at fifth position, the Africa 2016 Wealth Report has revealed. The report, which reviewed the fastest growing African countries for millionaires…