Kenya’s wealthy turn to art and classic cars investments, report
NAIROBI, Kenya, Sept 19 – High-net-worth individuals (HNWIs) in Kenya are showing a growing appetite for passion-driven investments, with art, classic Kenya breaking news | Kenya news today |..
✨ Key Highlights
Wealthy Kenyans are increasingly investing in passion-driven assets like art and classic cars, signalling a shift from traditional real estate and a growing confidence in the domestic economy. This trend aligns with a reduced interest in seeking foreign residency.
- According to the Wealth Report 2025 – Kenya Edition by Knight Frank, 72 percent of wealthy Kenyans are interested in art, and 50 percent in classic cars.
- Fewer than 10 percent of High-Net-Worth Individuals (HNWIs) are considering applying for second passports or alternative citizenship in 2025.
- 72 percent of wealthy Kenyans now factor community impact into their property investment decisions, driven by environmental, social, and governance (ESG) considerations.
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Reports and Rule Changes Highlight Kenyan Investment Trends and Financial Oversight - September 2025
A report indicates that wealthy Kenyans are increasingly investing in passion-driven assets like art and classic cars, signalling a shift from traditional real estate. In the formal market, the Nairobi Securities Exchange (NSE) has increased initial margin requirements for several single stock and index futures to enhance risk management, effective September 19, 2025. On the public finance side, it was revealed that Kenyan county governments operated 5,476 commercial bank accounts as of June 30. This is despite regulations requiring most funds to be held at the Central Bank. The practice raises concerns about fiscal control and complicates oversight, with Homa Bay, Kitui, and Nakuru counties owning the highest number of accounts.
