Who is the richest in Ghana

Africa Ghana, Kenya and Nigeria: banks discover Africa's millionaires

Citigroup and the Swiss UBS have already discovered it for themselves, and the major British bank Barclays is now following suit. It's about the growing number of millionaires in Africa. According to a study by the consulting firm Cap Gemini, there were 140,000 Africans with investable assets of at least one million US dollars in 2012, an increase of 9.9 percent over the previous year.

"A possibly very exciting opportunity"

Having gained wealth management experience in South Africa, the Barclays Africa Group has now acquired eight African projects from Barclays. The Barclays Africa Group is 62.3 percent owned by the major British bank. The head of the African subsidiary, Maria Ramos, spoke in this context on July 30th in Johannesburg of a "possibly very exciting opportunity".

According to the Cap Gemini study, around 42 percent of millionaires in Africa and the Middle East have wealth accumulation as their top priority. This is a larger proportion than in the United States, Europe or Asia.

Especially Ghana and Nigeria are considered countries with great economic potential. So it is not surprising that Aliko Dangote, the richest man in Africa, earned his 21 billion US dollars in Nigeria. Dangote is the owner of the largest African cement producers. In the past year alone, according to the Bloomberg Billionaires Index, he increased his wealth by 6.7 billion US dollars. He has moved up to number 31 on the list of the richest people in the world and has overtaken Facebook founder Mark Zuckerberg with his approximately 18 billion US dollars.

African bull

The International Monetary Fund also sees the economy in the countries south of the Sahara as continuing to grow. After an estimated 5.1 percent this year, the organization expects a growth rate of 5.9 percent for 2014.

“The growth means that new assets are being built up across the continent, for example in countries like Nigeria, Kenya or Ghana,” says Thabo Khojane, Director of Investec Asset Management in Cape Town. He doesn't believe that Africa's problems have been solved, but the trend is undoubtedly going in the right direction. “I'm bullish for Africa,” he says.

Both local and international asset managers have discovered the potential in Africa, explains Patrice Rassou, Head of Research at Sanlam Investment Management in Cape Town. They all took this opportunity to supplement their profits, which are melting down due to increasingly stringent regulatory requirements. "Overall, South African and global banks have done a poor job of managing large fortunes," Rassou said in an interview with Bloomberg. "Barclays Africa could provide new impetus here - they have the right products and the demand is there."