There’s only one person in all of Africa who makes the list of the 50 richest people on earth: Nigerian businessman Aliko Dangote. When our ranking was released, Dangote’s net worth stood at $14.3 billion, equal to 2.5% of Nigeria’s GDP. The majority of his wealth stems from…
Wealth
Everything from Economy, Finance and Real Estate
THE RISE OF ALGERIA’S SHOPPING MALLS
More than 250km east of the Algerian capital in the city of Sétif, private holding company Prombati opened the Maghreb region’s second largest mall recently. Park Mall, a four storey shopping and leisure complex, has a total of 45,000 square…
NIGERIA’S JET SET: HOW THE SUPER RICH TRAVEL
Nigeria’s rich elite are increasingly buying private jets to avoid flying on commercial airlines. “There’s an average of nine aircrafts fixed here in the hangar,” says Peter de Waal of ExecuJet Aviation Nigeria, looking across at a line of sleek…
HOW WELL DO YOU KNOW YOUR LUXURY REAL ESTATE?
When you think of owning the ultimate piece of luxury real estate, three kinds of homes come into mind – a mansion, a penthouse or a beach house. But which is best? All sound enticing and serve their purpose as…
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…
REDEFINING THE SUPERYACHT: THE CF8
Looking to the future, with its latest deviance from the conventional silhouette, the Dutch yacht engineering company, sea level, unveiled its superyacht design: Future CF8: A concept of long distance water travel. The conceptual 80-metre long, 30-metre wide yacht promises…
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…
TOP 5 SMARTWATCHES TO OWN IN 2016
Choosing wristwatches can be quite challenging especially when you want to look smart, and at the same time reflect your personality with the wearable. As the world evolves, fashion we know has been a committed follower of this evolution, and…
