Sharp Daily
No Result
View All Result
Saturday, June 14, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

Kenya Ranked Second Most Popular Investment Country In Africa

Sarah Wamaitha by Sarah Wamaitha
December 8, 2022
in Investments
Reading Time: 2 mins read
Nairobi Expressway

Nairobi Expressway [Photo/ Courtesy]

In a report titled Kenyan Startup Ecosystem Report 2022, Disrupt Africa ranked Kenya second to Nigeria.

Nairobi was praised for being the home of creative start-ups and was also named the top hub of Africa’s technology, with 97.4% of startups tracked.

“Kenya has a well-established reputation as a pioneer in Africa’s tech space, but its journey has been far from smooth,” Disrupt Africa co-founder Gabriella Mulligan said.

“Kenya is the leading hub for technology startups in Eastern Africa and holds exciting opportunities for the future.” Newtown Partners managing partner Llew Claasen added.

RELATEDPOSTS

Kenya’s anti-money laundering gaps threaten investments

June 13, 2025

Kenya’s economic ascent and what it means for East Africa.

June 10, 2025

Read: Why Nairobi Presents The Best Investment Opportunities – Report

Kenya was also listed among the African nations with the best-established startup ecosystems in February of this year. Kenya moved up one spot to take over the 61st spot internationally, coming in first in Eastern Africa and second overall in Africa.

In other rankings, Kenya was named the top nation in Africa for starting and maintaining a business. According to the most recent ranking by US News and World Report, Kenya rose from position 39 in 2021 to position 26 globally.

Nairobi was also ranked fifth among the African cities hosting a majority of African-dollar millionaires.

Read: Nairobi Among Top Five African Cities With Most High Net Worth Individuals

According to a recent report by Henley & Partners, approximately 5,000 high-net-worth people (HNWIs) with Ksh120 million ($1 million) reside in Nairobi. Around 240 multi-millionaires ($10 million+) and 11 centi-millionaires ($100 million+) also reside in the city.

According to the survey, Johannesburg, the financial centre of South Africa, has the most HNWIs in Africa, with 15,200, followed by Cairo, the capital of Egypt, with 7,800.

No African city was among the top 20 worldwide in terms of the number of millionaire residents.

With 345,600 HNWIs, New York, the most populated city in the US, has the highest concentration of billionaires in the world. Tokyo and the San Francisco Bay Area are next, with 304,900 and 276,400, respectively.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Thousands Benefit From Jubilee Insurance Free Medical Camp

Next Post

CBK, Controller Of Budget To End Counties’ Financial Mischief In New Deal

Sarah Wamaitha

Sarah Wamaitha

Related Posts

Investments

Contrarian investing in Kenya.

June 13, 2025
Investments

Policies shaping Kenya-Tanzania energy collaboration

June 10, 2025
Investments

Navigating inflation and currency risks in African investments

June 10, 2025
Investments

A guide to investing in Africa

June 10, 2025
Investments

Decoding stock-based compensation

June 4, 2025
Investments

Navigating the money market and fixed income funds landscape

June 3, 2025

LATEST STORIES

Innovation in finance: How Kenya’s financial sector is evolving

June 13, 2025

The false middle class: Chasing comfort in an economy of survival

June 13, 2025

Why the gig economy needs better financial integration

June 13, 2025

Kenya’s anti-money laundering gaps threaten investments

June 13, 2025

Contrarian investing in Kenya.

June 13, 2025

Still sending tier II contributions to NSSF by default? Time to reconsider.

June 13, 2025

Preparing for the Great Migration

June 13, 2025

How governance overhauls can save struggling banks

June 12, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024