Dossier
Alan Wellburn
Coverage of Alan Wellburn in the Nexus archive.
- The paradox of Africa's millionaire growth
Africa's millionaire population is growing faster than the Gulf due to rising commodity prices and resilient private enterprise, but wealthy individuals often move capital abroad due to weak financial systems. Morocco led with 16.8% growth in millionaires, while reports highlight African high-net-worth individuals' focus on wealth protection through diversification and offshore investments.