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Kenya stock rises in new wealth ranking

A safari lodge in the Masai Mara National Reserve. The reserve was named among Africa’s top destinations for the rich. [Courtesy]

The Kenyan luxury market generated a $600 billion (Sh62 billion) revenue last year boosted by hotels and safari lodges, a new wealth report shows.

This saw Kenya retain its position as the second-largest luxury market in Africa, with the sector raking in $6.1 billion (Sh631 billion) revenue for the continent over the period, according to the Africa 2018 Wealth Report that profiled 17 countries.

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