Knight Frank estimates that African millionaires will rise by 53 per cent to 258,000 in 2024. Rising wealth and prosperity has led to a proliferation of upscale suburbs like Oyster Bay in Dar es Salaam, Tanzania, Ikeja in Lagos Nigeria and Luanda Sul in Angola. According to Deloitte, sub-Saharan Africa has a rapidly growing consumer market providing the best prospects for long-term growth in sales for luxury brands. This is the story of one Africa.
But there is the other Africa. According to a Unicef and World Bank report on child poverty, 49 per cent of children in sub-Saharan live in extreme poverty. Here in Kenya, a report published by Unicef and the Kenya National Bureau of Statistics revealed that 45 per cent of children under 18 live in poverty.
More at the source: The Star, Kenya / DR ALEX AWITI / Apr. 10, 2018
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