A survey on what wealthy Kenyans invest in conducted by Standard Chartered Bank reveals that the majority of the wealthy look to invest in Land and Property the most. The survey shows that 27% look to invest in property and that 28% look to go for Land. Property investment has a very sluggish growth rate in sales and rent because of the large number of unsold properties, however, this has not stopped the wealthy from investing.
It also indicates that the wealthy are more likely to fund their own business or start a new business than to invest in stocks or equity in another firm.
In the survey, the wealthy were declared as people whose cash management are above 100 million Kenyan shillings.
CENTER FOR AFRICAN STUDIES
Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.
Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.