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Growth of HNWI’s and the rising demand for private banking in Kenya.

The last decade has witnessed sharp upsurge in the number of High Networth Individuals (HNWI’s) in Africa, mostly fuelled by the economic renaissance.

There are approximately 8,500 high-net worth individuals (HNWIs) living in Kenya, with a combined wealth of 42 billion US dollars, according to Kenya 2016 Wealth Report. The number of HNWI’s rose by two per cent in Kenya grew by two percent in 2015. Globally, High Net-Worth individuals represent less than 1% of the world’s total population, but together account for more than 40% of the world’s total wealth.

The Africa private banking and wealth management Forum presents a great platform for an insightful discussion on private banking and wealth management at a time when Global HNWI wealth is projected to surpass the US$100 trillion mark by 2025.

The forum will be held on the 21st and 22nd March at the Radisson Blu Hotel in Nairobi.


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