Djibouti

Private Banking in Africa: Wealth taxes and amnesties

The boom-years seemed unstoppable. Africa was once the new China. Private wealth was surging and a new entrepreneurial class of African HNWI were ready to be private banked. But that boom did stop. Now, with economic paralysis on the one side and aggressive governmental policies on the other, African HNWIs are stuck between a rock and a hard place, writes WealthInsight's head and founding member, Oliver Williams