FM team recently reviewed the 20 wealthiest cities in Africa by total wealth held.

GABORONE- 16TH WEALTHIEST CITY IN AFRICA

Gaborone, the capital city of Botswana, has been ranked the 16th wealthiest city in Africa. This is according to a report published by AfrAsia Bank and New World Wealth. The report revealed that Gaborone was home to 1 300 dollar millionaires and 50 dollar multi-millionaires (persons with assets worth $10m and above). The wealthiest city in Africa is Johannesburg (including Sandton), which has 18,200 millionaires and 970 multi-millionaires. For the purposes of the report, local high-net-worth individuals (HNWIs) included all people that are working or living in each country, including expats.

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