Staff Reporter WALVIS BAY, Sept. 28 — Namibia, with its unique blend of qualities including low population density, favourable tax policies, abundant natural resources, and low crime rates, is fast gaining recognition as the next haven for dollar millionaires. In a recent interview with BizNews, Andrew Amoils, Head of Research at New World Wealth (NWW),...
Martin Endjala According to the New World Health report, Namibia is fast gaining recognition as Africa’s emerging millionaire hub, owing to its favourable fiscal environment marked by low tax rates and a robust banking system. Economist, Theo Klein, believes that this positive international perception will be a boon for the country’s tourism sector. “As Namibia...
Rising interest rates and persistent inflation in 2022 led to the first drop in total household wealth since the 2008 financial crisis. Private global wealth decreased by 2.4% to $454.4 trillion, as per the Credit Suisse and UBS global wealth report. However, the median global wealth, a more meaningful measure of how the average Joe is faring,...