Consumer activism, behavioural changes and technology are all forcing luxury players across the board to re-think almost every business model. It is becoming increasingly difficult to keep up with competitors and understand how and why the industry is evolving the way it is and how they can balan…
Tag Archive for hnwi
Art, Whisky Tops Big Spending Passion in Kenya
The allure of a good life and taste for the finer things in life that money can buy has taken root in Kenya as the number of millionaires grows. Kenya’s high-net-worth individuals though relatively reserved being in a country where the poverty rate stands at 36 per cent, they are investing in exo…
Lagos is the 4th Richest City in Africa
A report was recently prepared by New World Wealth in conjunction with AfrAsia Bank, in which Lagos city took the top position thanks to its big number of High Net Worth Individuals (HNWI). The total wealth held in the Lagos amounts to US$108 billion and major sectors in the city include basic ma…