Africa wealth report: Millionaire island Mauritius is home of the elite

Kieron Monks, CNN

Updated 1058 GMT (1858 HKT) May 5, 2017

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Mauritius has the highest wealth per capita in Africa, the fastest growing wealth per capita, and the fastest growing population of millionaires, according to a new report from the AfrAsia Bank.
Photos: Luxury lifestyles
Life's a beach – Mauritius has the highest wealth per capita in Africa, the fastest growing wealth per capita, and the fastest growing population of millionaires, according to a new report from the AfrAsia Bank.
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The report attributed the island's wealth to its favorable business climate with low taxes and loose regulations, as well as the luxury lifestyle on offer including beaches and golf courses.
Photos: Luxury lifestyles
Par for the course – The report attributed the island's wealth to its favorable business climate with low taxes and loose regulations, as well as the luxury lifestyle on offer including beaches and golf courses.
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Mauritius has also seen rapid development of its infrastructure including new hospitals such as the Apollo Bramwell.
Photos: Luxury lifestyles
Five-star facilities – Mauritius has also seen rapid development of its infrastructure including new hospitals such as the Apollo Bramwell.
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South Africa is home to over 40,000 millionaires, the most of any African country. Johannesburg is the number one city for millionaires.
Photos: Luxury lifestyles
Business capital – South Africa is home to over 40,000 millionaires, the most of any African country. Johannesburg is the number one city for millionaires.
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Egypt is the second-placed African country for millionaires with over 18,000, the majority concentrated in its capital Cairo.
Photos: Luxury lifestyles
Nile high – Egypt is the second-placed African country for millionaires with over 18,000, the majority concentrated in its capital Cairo.
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Zimbabwe's wealth per capita has plummeted to $200 after a sustained period of economic crisis under President Robert Mugabe.
Photos: Luxury lifestyles
Going down – Zimbabwe's wealth per capita has plummeted to $200 after a sustained period of economic crisis under President Robert Mugabe.
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Nigeria experienced a slump in 2016 with wealth per capita falling by 20%.
Photos: Luxury lifestyles
Sleeping giant – Nigeria experienced a slump in 2016 with wealth per capita falling by 20%.
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mauritius beach 2mauritius golfApollo Bramwell hospital mauritiusjoburg skylinecairo skylinezimbabwe trillion dollarsnigeria recession demo

Story highlights

  • Wealth per capita more than double closest rival
  • Favorable business environment and luxury lifestyle key
  • Zimbabwe and Nigeria see declines

(CNN)The wealthiest people in Africa are strolling along the sun-kissed beaches of Mauritius, according to a new report from the AfrAsia Bank.

The bank's analysis found that Mauritians had the continent's highest wealth per capita in 2016 at $25,700, more than double