Kenya’s ultra-rich favour local investments over UK, South Africa
Latest Knight Frank Wealth & Investment Trends data shows that 60 percent of Kenyan HNWIs' residential property holdings are invested within Kenya, followed by the UK at 25 percent and South Africa at 15 percent...
✨ Key Highlights
Kenyan high-net-worth individuals (HNWIs) are prioritizing local investments over those in the United Kingdom and South Africa, driven by market familiarity and emerging opportunities.
- 60 percent of Kenyan HNWIs' residential property holdings are invested within Kenya.
- Knight Frank's latest Wealth & Investment Trends data reveals this trend.
- Emerging investment preferences among Kenya's wealthy include data centres (24 percent), farmland (29 percent), and logistics (18 percent).
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Kenya's Wealth Growth and Investment Trends Expand - July 2026
Kenya's dollar-millionaire population grew by 20% in 2026, according to the Knight Frank Wealth & Investment Trends report. Simultaneously, Kenyan high-net-worth individuals are increasingly prioritizing local investments over those in the United Kingdom and South Africa, driven by market familiarity and emerging opportunities. The Central Bank of Kenya licensed 25 new Digital Credit Providers, bringing the total approved digital lenders to 252. Additionally, the National Infrastructure Fund is seeking a new CEO to lead its Sh2 trillion infrastructure investment vehicle designed to fund major projects.
