Another safe haven for rich investors was in government securities. This was a decline of 88.9 per cent from Sh98.27 million recorded in the previous quarter, thus exposing rich investors who took this option to safeguard their wealth. Generational wealth remains intact and significant, however.”Mungai further noted that wealthy Kenyans traditionally went for real estate but are now becoming more open-minded, especially on foreign investments. “A lot of wealthy investors are taking interest in exposure to foreign stock markets. Kihanda added that in terms of private wealth, the rich have started giving special focus to succession planning and generational wealth transfer.

Source: Standard Digital March 30, 2021 07:41 UTC