Africa’s riches create huge opportunities for Mauritius
The number of ultra-highnet worth individuals,worth more than $30million, living in Africa hasincreased by sixty-five percent inthe past decade and is expectedto grow a further fifty percent by2025,a rate of increase that farsurpasses North America whichis expected to grow by thirtypercent, and Europe by twentysevenpercent, over the comingdecade.
Africa’s burgeoning richescreate huge opportunities for thecontinent’s newest internationalfinancial centre of Mauritius, where ajurisdiction best known for corporateservices is beginning to targetwealth management business.
“Mauritius has been more of a corporate structuring jurisdiction than a private client jurisdiction historically,‚Äù says Assad Abdullatiff, chief executive of Axis Fiduciary, a leading Mauritius-based trust company. “That’s because of…To read the full article, please subscribe to our e-magazine.
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