Kenya has the 4th highest number of HNWIs in Africa after South Africa, Egypt and Nigeria. In 2015, there were approximately 8,300 HNWIs in Kenya, with a combined wealth of US$31 billion, accounting for roughly 62% of Kenya’s total individual wealth (US$50 billion). Kenyan HNWIs outperformed the worldwide HNWI average during the review period,

Sometimes, Aspiring entrepreneurs waste  of time searching endlessly for magic shortcuts to entrepreneurial success and fulfillment when the only real path is staring them right in the face: real entrepreneurs who start real businesses that employ real people who provide real products and services to real customers. In 1995, a computer programmer started auctioning off

This article was published on the Business Daily newspaper on Friday 3rd March . Kenya’s wealth-management industry has been growing steadily over the last two decades. High Net-Worth Individuals, successful entrepreneurs, treasury managers and institutions with excess liquidity are turning to investment advisory firms for expert advice on how to preserve and grow their wealth

Whereas Africa is known for its struggles against poverty, a growing number of African entrepreneurs is successfully creating and acquiring wealth through enterprise and hard work. A large part of Africa’s current economic upsurge is driven by family businesses while over half of global GDP is created by family businesses.Some of the world’s wealthiest families

Some 70 percent of family-owned businesses fail or are sold before the second generation gets a chance to take over, according to a 2012 Harvard Business School study. This is especially true in case of a family business. Family businesses often fail after succession due to : Lack of a capable heir Business owners often

Local banking entity I&M Bank, has embarked on a rebranding exercise for all of the seven recently acquired Giro Commercial Bank Limited (GCBL) branches. The branches acquired by I&M Bank are now undergoing a full brand conversion, effectively pushing up the I&M Bank Kenya’s network to 43 branches countrywide. The recent successful acquisition of GCBL

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. While initially mainly concentrated in western markets and in countries of so-called ‘old money’, High Net-Worth individuals are now spread right across the globe. The rise of emerging markets over the

neighborhood before co-founding Oracle Some of the richest people in the world were born into their wealth. But many of them started with nothing, and through hard work, talent, grit, and a bit of luck, managed to rise to the very top. Larry Ellison was born on the Lower East Side of New York City. After