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Namibia a hotspot for Africa's next millionaires - Henley and Partners

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Namibia has been identified as the future of the top wealth hub by the latest New World Wealth report of Henley and Partners.

According to the authors, the country's abundant natural resources, low population density, transport infrastructure, new oil finds, and most critically, good safety and security when compared to its neighbours,

Henley and Partners also predict Namibia will become Africa's next big millionaire hotspot.

According to the report, there are 2,150 US-dollar millionaires in Namibia, and this number is expected to rise to over 10,000 by 2040.

US-Africa Business Summit to shed light on value addition to Africa's natural resources

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The annual US-Africa Business Summit hopes to put a spotlight on value addition to Africa's natural resources.

The summit is expected to start on Tuesday in Botswana for four days under the theme 'Enhancing Africa's Value in Global Value Chains'.

More than a thousand U.S. and African private sector executives, international investors, senior government officials, and multilateral stakeholders are expected to converge in Gaborone for the summit.