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The Africa Wealth Report 2022, released by Henley & Partners in partnership with New World Wealth, ranked the wealthiest cities in Africa by total wealth.

Listed in the report are the richest cities using total private wealth held by all the individuals living in each city.

The parameters measured were assets, cash, equities and business interests. Henley’s survey indicated the top two wealthiest cities on the continent are in South Africa. Johannesburg topped, followed by Cape Town.…

The Global Financial Centre Index Report which evaluates competitiveness and rankings for major financial centres around the world. www.theexchange.africa

According to the IMF World Economic Outlook report published in July 2021, the global economy is projected to grow 6.0 per cent in 2021 and 4.9 per cent in 2022 and this global forecast is unchanged from April 2021 projections.

These statistics show a positive recovery of the global economy and no signal of economic collapse so far, despite the third consecutive fall in the average rating of financial centres as shown by the Global Financial Centres Index 30 report.…

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An apartment complex. In East Africa, the luxury housing market as well as office supply could have reached saturation but there is more that needs to be done to uplift all people by providing quality and affordable housing. www.theexchange.africa

Kenya is the barometer for what is happening or likely to take root in East Africa since the country tends to set the pace on matters development.

When it comes to land prices in East Africa, Kenya tops the list of the most expensive land rivalling even properties in some affluent areas of Johannesburg, London and New York.

In the last quarter of 2019, land prices in Kenya continued on their upward trend with properties in the suburbs increasing by 1.69 per cent over the year while satellite towns saw prices increase by 6.93 over the same period.

African economies must diversify, value add for quick recovery

In a report by Hass Consult, Kitengela which is just an hour from Nairobi city centre saw the highest land price increase recording a 10.71 per cent hike while Ongata Rongai led on a quarterly basis at 4.56 per cent.

The plush Spring…