Nala Privée is an Africa-focused, private membership network, exclusively for high & ultra-high net worth individuals.
THE NEW FRONTIER IN LUXURY DISTRIBUTION
Africa is the next frontier in luxury distribution with an estimated market size of US$ 295 billion by 2020. Growing economies adding wealth and prosperity, a discerning clientele enjoying finest products and ser vices and an open, hospitable atmosphere create a great opportunity for the world’s most prestigious luxury brands and financial service providers.
Sub-Saharan Africa is the fastest growing region of high net worth individuals (HNWI) in the entire world: Over 170.000 $-millionaires call Africa their home. This compares to 95.000 in Russia. Their investable assets total USD 1.3 trillion.
Six out of ten African millionaires generated their wealth within the last six years and this growth is expected to accelerate - Africa’s HNWI population will expand by 65% until 2020.
AT A GLIMPSE
170,000 $-millionaires / HNWIs
in sub-Saharan Africa
95% annually - second fastest
growing millionaire base globally
US$ 295 billion - estimated size of
Africa’s luxury market by 2020
25% annual growth rate in sub-Saharan
region until 2025 (world average 5%)