Africa’s wealth story – Moneyweb

You can also listen to this podcast on iono.fm here.

Geoeconomic confrontations and unilateral actions by some of the world’s most powerful nations are chipping away at global cooperative frameworks – exposing feeble multilateral institutions that inspire little confidence in their ability to address the complex ‘polycrisis’ facing the world.

As tensions rise, the Global North is increasingly looking south for allies and stability – an opportunity that can only be realised through a clear understanding of intended outcomes.

Listen/read:
Africa’s blue economy: The $24trn opportunity hiding in plain sight
Understanding an economy: What drives or stalls growth?
Navigating Africa’s trade landscape amid global tariffs

This narrative bodes well for a continent on a path towards sustainable development and wealth creation.

Africa’s wealth story is being rewritten, from aid to agency, and the tale is fast approaching a turning point, driven by geopolitical shocks that are challenging the so-called risk premium associated with the continent.

On this episode of The Business of Africa Podcast, head of research at New World Wealth, Andrew Amoils, joins us to explore Africa’s evolving wealth story.

Andrew Amoils, head of research at New World Wealth. Image Supplied

ADVERTISEMENT:

CONTINUE READING BELOW

The continent is now home to 122 500 millionaires, 348 centi-millionaires and 25 billionaires, and these numbers are expected to rise in the next decade, driven by industries such as rare metals mining, lifestyle destinations, e-commerce and fintech.

Listen/read:
Is public procurement driving development in Africa?
A new economic world order …
Is e-commerce booming in Africa?

It can be said with certainty that uncertainty will continue to define the world in both the near and medium term, and this will prove to be a defining moment for the continent of Africa. An opportunity of a renaissance as opposed to a mere concentration of wealth.

Tune in to hear the full story.

Follow Moneyweb’s in-depth finance and business news on WhatsApp here.