Evertrust Insurance Agency

22/09/2022

16/09/2022

5 African cities with most millionaires (USD).

1. Johannesburg 15,200.
2. Cairo 7,800.
3. Cape Town 6800
4. Lagos 6300
5. Nairobi 5000

Source: Henley Global Citizens Report 2022 Q3, 13 September 2022.

15/09/2022

5 Facts about Lagos, Nigeria

1. Lagos is home to about 6300 millionaires
2. The estimated GDP of Lagos was put at $145.141 billion.
3. Lagos GDP accounted for 26.7% of Nigeria’s total GDP
4. Population of around 30 million people
5. It is also home to the Nigerian Stock Exchange [NSE]

Source: Lagos State Government’s official website
Pulse Nigeria

14/09/2022

A new report by Henley and Partners has ranked Nairobi City at fifth among Africa’s cities with the most millionaires. Nairobi comes after Lagos, Cape Town, Cairo and Johannesburg.

According to the report, Nairobi has 5,400 High Networth Individuals (HNWIs) with over $1 million (Sh. 120,500,000). Data from the National Treasury reveals that Mombasa has 800 such individuals. The two cities boast a combined wealth of over $55 billion Sh. 6.6 trillion).

The report also indicates that Nairobi also has 240 multi-millionaires with a net worth of more than $10 million (Sh. 1.2 billion) and 11 centi-millionaires with a net worth of more than $100 million (Sh. 12 billion).

Woi… woi… woi ... wooi… People have money in this town like nonsense. Then there is you, who only has an attitude and more opinions than Miguna; shillingionaire.

08/09/2022

Or should that be Heirbnb?

08/09/2022

The four most recession proof industries to work in, ranked from most stable to the least stable according to LinkedIn:

1. Utilities
2. Government
3. Education
4. Consumer services

07/09/2022

We are done with politics, this timeline shall be intensively discussing investment strategies and opportunities. I will also be highlighting financial products available in our local market.

06/09/2022

Buying insurance is buying peace of mind.

05/09/2022

If you're looking to make quick cash from the comfort of your home, check out these side hustles you can do anywhere and earn extra income.

05/09/2022

In other news, India has overtaken the UK to be the fifth largest economy according to Bloomberg.