×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

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.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in