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New billionaires: Kenya leads in Africa list

A bunch of the current notes [picture courtesy]

Kenya leads the African continent in minting new billionaires, raising fresh concern about the widening income inequality in East Africa’s largest economy.

Data from the 2019 edition of the Knight Frank Wealth Report indicates the number of Kenyans worth more than Sh3 billion is projected to grow by 24 per cent over the next four years.

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