Djibouti Premier league : Arta Solar 7 retains Premier League title and strives to become the Dream Team of African football

 DJIBOUTI-Tuesday 3 May 2022 [ AETOS Wire ]

(BUSINESS WIRE)--  Crowned champions in their last game of the 2021/2022 season of the Djibouti Premier League for the second consecutive year, after winning 14 out of a total of 18 matches (an 80% success rate), the Arta Solar 7 Sports Association maintains the Club’s dominance of Djiboutian football and continues expanding its workforce by recruiting the best players to conquer African regional football.

Winner of the Djibouti Premier League title and in the running to win the Djibouti Cup, Arta Solar 7 continues its steady ascent, to establish itself as one of the most prestigious football franchise clubs on the continent.

Behind this dream is the Ivorian businessman Tommy Tayoro Nyckoss, who took over as President of the Club in 2018 and gave the name of its renewable energy company to the team.  In November 2020, to accelerate its ambition of becoming one of the biggest clubs in Africa in the coming years, the club signed and acquired the Cameroonian Alexandre Song as Captain. Former Arsenal, West Ham and Barcelona midfielder, Song has established himself as one of the pillars of the formation, both morally, physically and technically. The club also attracted other renowned players, notably Cameroonian footballer Dany Nounkeu (former player of Evian-TG, Galatasaray, Besiktas, Bursaspor); Senegalese Diafra Sakho (former player of Rennes, West Ham, Neuchâtel), nicknamed “the fireman” for his scoring abilities; Cameroonian Carlos Kameni (Le Havre AC, Malaga CF) who joined the club as a goalkeeper; and Burkinabe midfielder Alain Traoré, former striker of AS Monaco.

More recently, and as part of its goal to establish itself as a stronghold on the national and regional level and becoming the PSG Dream Team of Africa, the club recruited as coach the former French footballer (defender) Thierry Froger, at the beginning of the 2021-2022 season.

“The addition of our international players and coaches, complemented by the rapid rise of our Djiboutian players has empowered us to establish a solid, powerful, ambitious formation with an impressive team chemistry.  This is aptly reflected in our consecutive winning performances, for which I would like to thank the entire team. I would also like to thank our fans for their constant support.” commented Tommy Tayoro Nyckoss, President of Arta Solar 7, while inaugurating the AS7 Fan Club, accompanied on the occasion by Arta Solar 7 Captain Alexandre Song; Malik Ali Dini, the Club’s Secretary General; and famous Djiboutian singer Rafary.

Thierry Froger, Arta Solar 7 coach added: “Arta Solar 7 has mobilized world-class talents with extensive expertise accumulated in the World Cup, Champions Leagues and the most prestigious leagues in European football to build this impressive formation that I have the honor to coach. The players’ talent, thoroughness and discipline have allowed us to achieve these victories, and we are extremely proud to be part of this wonderful adventure. For our next objective, the club has now its eyes on sub-regional competitions. We will make sure to achieve this!”

In April 2021, FIFA President Gianni Infantino praised Arta Solar 7’s progress and achievements, an accolade that reflects the sound strategic choices made by the Club’s President and management.

Arta Solar 7 continues to pile up victories, hoping to promote the development and professionalization of Djiboutian football, which recently gained momentum, thanks to the national team’s victories in regional and pan-African championships.

About Arta Solar 7:

The Arta Solar 7 Sports Association, more commonly abbreviated as Arta Solar 7, is a Djiboutian first division football club founded in 1980 and based in Djibouti, the country’s capital. The team is chaired and sponsored by businessman Tommy Tayoro Nyckoss and his solar energy company Solar 7. The Arta Solar 7 has an impressive track record of victories in the Djibouti FA Cup and the Djibouti Premier league, in the 2019, 2020, 2021 and 2022 editions.

This press release features multimedia. View the full release here:

https://www.businesswire.com/news/home/20220502005429/fr/

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

 

Contacts

PRESS CONTACT:

35°Nord - Strategic communication and press relations agency

Goudet Abalé (Senior Consultant)

E-mail: ga@35nord.com

The Newest Member Of Poly’s Sync Family Offers A Reliable, Affordable Solution Without Compromise For The Hybrid Worker

 Go Small and Go Home with the new Poly Sync 10 Speakerphone

DUBAI, United Arab Emirates-Thursday 28 April 2022 [ AETOS Wire ]

Poly (NYSE: POLY), has announced the addition of Sync 10 to its Sync family of speakerphones. Designed for the new way of working, the right communications tools keep workers connected and productive at home or in the office.

The highly anticipated return to “normalcy” doesn’t mean going back to our old habits. Hybrid working is here to stay, and the new year brings irreversible changes in the way we perceive - and do - work.

The disruption caused by the global pandemic has forced businesses to enable remote work and tested employees’ ability to embrace new forms of engagement and interaction. The power to drive sustainable, collaborative change will be shared by employers and employees, on an increasingly equal footing. Businesses looking to navigate the year ahead will need to understand and embrace this fundamental shift to successfully balance technology and transformation.

For many home workers, support from IT is a long way away. They are using new tools, learning new ways of working, and need to ensure they have equality in meetings when everyone else is gathered in a meeting room in the office.

The ideal technology for home working that delivers this has three attributes:

Let’s you hear and be heard

It is simple and easy to use

Matches your workstyle

Poly’s new Sync 10 delivers on all these challenges.

Clear audio delivers enterprise-grade acoustics in a compact design, turning your home workspace into an impromptu conference room. A two-microphone steerable array works in the background to ensure conversations focus on your voice and not the background noise. Audio is further enhanced with full-duplex audio for simultaneous conversation flow to ensure you don’t miss a word.

It’s user-friendly: Easy-to-use touch-sensitive controls, clear LED indicators, and a clear, bright call status light bar. It is also IP64 dust and waterproof. 

Microsoft Teams and Zoom Certified

The Poly Sync 10 USB speakerphone has a steerable two-microphone array that keeps surrounding noise out of your call. It works with all major communication and collaboration applications and is certified by Microsoft and Zoom so you know it will just work when plugged in. It’s USB powered so you have no concerns about battery life.

Supported by Poly Lens

The Sync 10 has a Hi-Fi quality music speaker and power amplifier — so it also doubles as a portable speakerphone and high-performance music speaker in one. The Sync 10 is also ready for any future technology updates as it comes with USB-A and USB-C connectors and can be updated with new software via the Poly Lens Companion app. And if you feel the urge to get into the office, the Sync 10 is small and light enough to fit into your bag when you need to travel.

The Sync 10 is an ideal product for individual home workers looking to enhance how they work at home. For IT departments it’s also a great complement to the existing Poly Sync family and provides more choices for devices optimized for different workspaces with a consistent interface across all devices.

Pricing & Availability

More information on pricing and availability is available on the Poly website: Sync 10.

About Poly

Poly (NYSE: POLY) creates premium audio and video products so you can have your best meeting -- anywhere, anytime, every time. Our headsets, video and audio-conferencing products, desk phones, analytics software and services are beautifully designed and engineered to connect people with incredible clarity. They're pro-grade, easy to use and work seamlessly with all the best video and audio-conferencing services. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing and tracking, while NoiseBlockAI and Acoustic Fence technologies block out unwanted background noise. With Poly (Plantronics, Inc. – formerly Plantronics and Polycom), you'll do more than just show up, you'll stand out. For more information visit www.Poly.com.

All trademarks are the property of their respective owners. 

Contacts

Melwyn Abraham

melwyn@matrixdubai.com

After Raising $15 Million in Private Rounds, YGG SEA Announces the $SEA Token IDO Public Sale on Copper

 TAIPEI CITY, Taiwan-Tuesday 3 May 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), today announced the upcoming Initial DEX Offering (IDO) of its $SEA token on the Copper launchpad.

The $SEA Token Launch Auction will commence on the Copper platform on May 9th at 15:00 UTC and it will run through May 14th. A total of 75 million $SEA tokens have been allocated to the IDO public sale, representing 7.5% of the total supply of one billion tokens. The starting price is set at $0.50.

“The IDO is a once-in-a-lifetime opportunity to appreciate our community’s unconditional support,” said YGG SEA Co-founder Irene Umar. “We are where we are because of the community and we would like the community to own a piece of YGG SEA through the IDO. DYOR, all I can say: what you see today is just the beginning of what will unfold in the coming months.”

$SEA is the governance token of YGG SEA. It gives community members the right to vote on governance proposals, ecosystem reward allocations, most desired features/reward models that reflect local needs, and whitelist opportunities for GameFi as well as non-GameFi NFTs.

Since community is at the core of YGG SEA, the guild is committed to giving everyone the opportunity and time to participate in the IDO in a fair and transparent manner. Copper is the most decentralized and user-friendly way to participate in a specific configuration of Balancer’s Liquidity Bootstrapping Pools (LBPs), allowing more equitable distribution of tokens for all participants.

The Token Launch Auction on Copper allows for real-time price discovery, open and permissionless participation, and fair distribution of tokens. It disincentivizes front-running bots and whales to get the $SEA token into the hands of as many participants as possible.

YGG SEA is the leading guild for Southeast Asia, having invested in 76 projects since November 2021. Ten games have become accessible to the YGG SEA guild members, and many more to launch within this year. It currently has offices in Indonesia, Thailand, Malaysia, and Vietnam. Following the IDO, YGG SEA plans to expand into three additional countries within six months, with complete SEA coverage planned by 2024.

YGG SEA had earlier raised $15 million across two rounds from notable investors including Crypto.com Capital, Animoca Brands, Solana Ventures, Polygon, and others.

About YGG SEA

YGG SEA, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.

For more information, visit: Website | Twitter | Discord | Telegram

Photos/Multimedia Gallery Available:  https://www.businesswire.com/news/home/20220429005347/en

Contacts

Dominick Steer, media@yggsea.io

New Paradigm of Innovation: Tata Passenger Electric Mobility Proudly Showcases Its New Vision, a Concept Built on Its Pure EV Architecture

MUMBAI, India-Monday 2 May 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Taking a giant stride towards the next generation of electric vehicles, Tata Passenger Electric Mobility (TPEM) today made a smashing debut with the global unveil of the AVINYA Concept – an expression of the Company’s vision of a pure electric vehicle, based on its GEN 3 architecture. Derived from the Sanskrit language, the name AVINYA stands for ‘Innovation’. The AVINYA Concept introduces a new typology of mobility that liberates enormous roominess and comfort, not restricted by traditional segmentation. It comes packed with new age technology, software and Artificial Intelligence that work in the background to deliver wellness and tranquillity during transit. Providing an extremely premium yet simple and calming customer experience, this concept will be fairly accessible to a majority of customers of fast growing, high volume segments of today. With this, TPEM is all set to unleash a new breed of EVs that will redefine the automobile space. This path breaking EV will be introduced to the market by 2025.

Speaking at this landmark occasion, Mr. N Chandrasekaran, Chairman, Tata Sons and Tata Motors said, “While making the AVINYA Concept a reality, the central idea was to offer a mobility solution like no other – a state of the art software on wheels that is well designed, sustainable and reduces the planet’s carbon footprint. Green Mobility is at the nucleus of TPEM, and the AVINYA Concept is the perfect reflection of what the company stands for – a creation that will not only accelerate the adoption of EVs but also lead this movement. Furthermore, at the Tata group, we are uniquely positioned to bring all the expertise that is necessary to build these mobility solutions and we are confident that in years to come we will make a larger and sustainable impact not only in India but globally as well.”

Adding to this, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “It is indeed a matter of pride for us at TPEM to present the AVINYA Concept to the world, a vision pivotal in signalling a ‘New Paradigm’. Holding on to its values of Simplicity, Timelessness, Effortlessness and Grace, the AVINYA is not only a concept but is our new identity, an identity which is here to challenge the status quo. It gives me an intense sense of optimism to present a new typology of vehicles that will introduce the automobile industry to options beyond mobility – a tranquil space which will offer you a complete sensory experience while on the move. At its heart, the AVINYA Concept has ‘IN’, which demonstrates our Indian roots and highlights how we pride ourselves in discovering new ways to move and power vehicles. The AVINYA Concept is the fruition of our first idea built on our Pure EV GEN 3 architecture, enabling us to produce a range of globally competitive EVs. Our vision for pure EVs is focused on delivering wellness and rejuvenation while traveling, backed by cutting-edge technologies, aimed at improving the overall quality of life.”

A TIMELESS DESIGN:

Originally inspired by a catamaran, the AVINYA Concept is an uncompromising vision for electric mobility. With a new silhouette, this concept is a mixology of the best of the worlds – it a product which combines the essence of a premium hatch to the luxuries and versatility of an SUV and the roominess and functionality of an MPV – all put together to create something new and beautiful. A significant highlight on the front and the rear of the vehicle is the new identity. This new identity as a part of the DRL is a subtle nod to our commitment to enhance the quality of life and is a pivotal step in the evolution of EVs. It is also the manifesto and emphasises the Horizon and the Infinite possibilities that the Gen 3 electrification will offer. Gliding to the sides, one is met by the ‘Butterfly’ doors, which welcome you with open arms to a class leading spacious interior which is sure to make its inmates feel calm.

The AVINYA Concept focuses on a human centric design and promises a sensory journey of its own. From the skydome that enhances the overall sense of space and natural light to the functional console inspired steering wheel, to the voice activated systems for a deeper interface for all its passengers, to the sustainable materials being used, that communicate the ethos of the product and finally the finishing touch of the aroma diffuser – that envelopes you in an ambience that is serene and soothing.

Furthermore, envisaging a future trend, this concept is designed to believe that lesser screen time is the way to go. Taking this into consideration the AVINYA Concept has been made screen-less, to bar any distractions inside the car and create a stress free environment for the mind and soul.

A PURE EV AT ITS CORE:

The AVINYA Concept stands for empathetic mobility, a machine that is engineered to be smart, spacious, sustainable yet techy. The agile and robust Pure EV GEN 3 Architecture offers this concept with a flexible design while boasting of next generation connectivity, advanced driver assistance systems and enhanced performance and efficiency. Pioneered out of India for the world, this global platform offers high structural safety and has the next level of water proofing and dust protection, making it ready for all forms of terrains.

This architecture is built with the use of next-gen materials, efficient electronic componentry and proprietary energy management strategies & algorithms for efficiency management. Use of light-weight materials, and optimized structure for an EV only powertrain with enabled appropriate stiffness, helps minimize the overall mass, leading to good weight management. Furthermore, the battery used will support an ultra-fast charge capability, in line with the infrastructure evolution, pumping a minimum 500 kms range in under 30 minutes. The overall philosophy for enhanced range would be ‘Minimize- Maximize – Optimize’.

Drawing inspiration from human sensory cues whilst promising a stress-free experience with every drive, the AVINYA stands by the concept of minimalism and is a leap forward in the right direction, making it the absolute regiment of sustainable movement.

To know more about this impressive Concept, kindly refer to the detailed concept note.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220429005300/en/

Contacts

Swetha Balakrishnan

M +918939958127

E sbalakrishnan@webershandwick.com

NTT Launches IoT Services for Sustainability

New solutions to help empower businesses to drive progress against sustainability goals

LONDON-Monday 2 May 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- NTT Ltd., a global technology and business solutions provider, today announced the launch of its IoT Services for Sustainability offering. The new end-to-end stack of solutions will help businesses advance progress against global sustainability initiatives and make data-driven decisions to reduce their carbon footprint through the intelligent use of IoT connectivity.

These solutions include:

OCR Meter Reading: An optical-based meter reader to provide near real-time data from any type of meter including water, electricity, and gas. The meter can also be used to read any type of gauge including pressure and temperature.

Water Leak Management: This technology provides real-time, IoT enabled protection against water damage for smart spaces projects.

Predictive Maintenance: This solution collects data from sensors to create models that predict when events of interest might occur, including potential downtime, accidents or when something might need to be replaced.

Environmental Monitoring: This technology uses sensors to identify the presence of pollutants in the air and water as well as tracking temperature and humidity.

NTT’s IoT Services for Sustainability stack incorporates a secure IT/OT integration and end-to-end support. This helps organizations to quickly see the benefits of the technology across the entire business following deployment. Benefits include energy cost savings, faster reduction in emissions, advanced operational excellence, and better work enablement across the organization. The stack of solutions is also supported by NTT’s new LoRaWAN network, and its catalog of sensors to measure, monitor and collect data to drive sustainability objectives.

“IoT technologies are an essential tool in the global fight against climate change,” said Jeff Merritt, Head of Urban Transformation at the World Economic Forum. “We know what actions are needed to build a more sustainable future and have a robust suite of technologies available to help deliver this impact. As the world looks to accelerate the implementation of these solutions, organizations like NTT will have a critical role to play in helping companies and governments capitalize on this opportunity.”

This announcement follows the appointment of two industry veterans to drive growth and momentum across NTT’s IoT and sustainability initiatives. Wireless industry leader Devin Yaung has been appointed as SVP of Group Enterprise IoT Products and Services, NTT Ltd., bringing over 25 years of technology experience focused on business transformation. Vicky Bullivant has also been appointed as Senior Vice President, Group Sustainability, NTT Ltd. Vicky has 25 years of creating and delivering successful sustainability, social, climate and ESG strategies that underpin commercial objectives in fast-paced and evolving business environments.

"Almost two-thirds (61.4%) of CEOs say they’re aligning business strategies to the UN’s Sustainable Development Goals. Yet only 2 out of 5 businesses have the solutions needed to meet the organization's immediate objectives,” said Devin Yaung, SVP of Group Enterprise IoT Products and Services.

"Therefore, it is more critical than ever to prioritize and deliver sustainability solutions for our enterprise customers. Our new stack of solutions will help organizations reach their sustainability goals and improve operations across their business, whether it is reducing waste from manufacturing defects or understanding the carbon footprint of their supply chain. The use of IoT will empower businesses to make decisions in real-time, streamlining processes and transforming the overall sustainability of their business. We’re proud to be announcing this offering at such a critical time, and we look forward to driving change alongside our clients to create a more sustainable future."

To find out more about NTT’s IoT Services for Sustainability solutions, please visit here.

About NTT Ltd.

NTT Ltd. is a leading, global technology services company. To help our clients achieve their digital transformation goals, we use our global capabilities, expertise, and full-stack technology services delivered through our integrated services platform. As their long-term strategic partner, we help them enhance customer and employee experience, transform their cloud strategy, modernize their networks and strengthen their cybersecurity. And across their transformation priorities, we automate their business processes and IT, drawing insights and analytics from their core business data. As a global ICT provider, we employ more than 50,000 people across 57 countries, trading in 73 countries and delivering services in over 200 countries and regions. Together we enable the connected future.

Visit us at services.global.ntt

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005090/en/

Contacts

Media Inquiries:

Hotwire for NTT Ltd.

Hannah Lock

NTT@hotwireglobal.com

IAB GCC announces new Board members and elects Chair and Vice Chair

 DUBAI, United Arab Emirates-Thursday 28 April 2022 [ AETOS Wire ]

The IAB GCC held its General Assembly on 6 April 2022 in which it announced the new Board for the 2022-2024 period. Comprised 15 different companies representing:

· Publishers/Sales Houses: Anghami, Augustus Media, Choueiri Group, MBC, MMP

· Agencies: GroupM, Havas, MCN, Omnicom Media Group, Publicis Media

· Technology Platforms: Amazon, Google, Meta, Snap, Twitter

In the first board meeting of their term on 21 April 2022, representatives of these companies re-elected Rayan Karaky as Chair of the Board Michel Malkoun as Vice-Chair of the Board.

On his re-election, Rayan Karaky commented: “We live in unprecedented times, we are at 40-year high inflation, we are experiencing major geopolitical & economic shifts; we are in a very trying and defining year; what we do in the next two years and how we react to all these challenges is going to have a meaningful impact on our industry. The past two years have been setup years for the IAB in MENA, we have so much more to do together to drive growth and a sustainable, trustworthy industry be it on measurement & research, industry benchmarks & standards as well as diversity amongst other topics; I am appreciative for the trust of my peers and excited about continuing this journey with them”

Michel Malkoun said: “Over the past two years we have had the opportunity to put the building blocks in place. Our next two years working together will be to develop on top of that and create sustainable and repeatable initiatives to drive incremental positive impact in our industry. I am very humbled by our colleagues at the IAB for placing their trust in Rayan & myself to steer the IAB in what we as an industry were set to do”

Ian Manning, IAB GCC CEO added: “We have achieved a great deal over the past two years despite the obvious challenges and now we have the opportunity to accelerate our efforts. I’m thrilled to continue working with Rayan and Michel alongside the new board on driving growth for our industry by implementing initiatives that provide more trust and transparency across the ecosystem and help to attract and nurture talent in our market.”

About Choueiri Group

As the leading media representation group in the Middle East, Choueiri Group is a company built from the ground up over the past fifty years. Today, the Group’s companies' market and manage the advertising space of 13 satellite and 2 terrestrial television stations,7 print titles, 11 radio stations, 30+ web portals along with their apps and the largest network of outdoor signs in the UAE. Choueiri Group operates in nine markets covering the MENA region, Europe and Japan and ensures the best support for its regional and international clients through its extensive network of eleven subsidiaries, 2 representative offices and more than 700 committed executives.

Contacts

Choueiri Group

Assad Jamil

Tel: +971 4 4545454

Email: ajamil.mr@choueirigroup.com

2022 Africa Wealth Report Reveals ‘Big 5’ Hold over 50% of the Continent’s Private Wealth

 

LONDON-Tuesday 26 April 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according the latest 2022 Africa Wealth Report, published today by Henley & Partners in partnership with New World Wealth.

The report reveals that Africa’s ‘Big 5’ private wealth markets — South Africa, Egypt, Nigeria, Morocco, and Kenya — together account for over 50% of the continent’s total wealth. There are currently 136,000 high-net-worth individuals (HNWIs) with private wealth of USD 1 million or more living in Africa, along with 305 centi-millionaires with USD 100 million or more, and 21 US dollar billionaires. South Africa is home to over twice as many HNWIs as any other African country, while Egypt now has the most billionaires. Mauritius has the highest wealth per capita in Africa, at USD 34,500, followed by South Africa at USD 10,970 and Namibia at USD 9,320.

The Africa Wealth Report is the continent’s annual benchmark for private wealth research and is now in its 7th year, providing a comprehensive review of the wealth sector in Africa, including trends among HNWIs, the luxury market, and wealth management. Andrew Amoils, Head of Research at New World Wealth, says “Africa is home to some of the world’s fastest growing markets, including Rwanda, Uganda, and Mauritius. We forecast private wealth growth of over 60% in all three countries in the next decade, driven by especially strong performance in the technology and professional services sectors.”

Dominic Volek, Head of Private Clients at Henley & Partners, adds that there are already well-established wealth hubs on the continent, including South Africa, Egypt, and Morocco. “Strong growth in private wealth of over 50% is also predicted in Kenya, Morocco, Mozambique, and Zambia over the next 10 years. HNWIs in Africa are extremely mobile and their movements provide valuable insights into future economic trends in each country.”

Mauritius is the fastest growing wealth market in Africa, with projected growth of 80% over the next decade. This will also make it one of the fastest growing high-income markets in the world, together with Australia, Malta, New Zealand, and Switzerland. Africa’s two wealthiest cities are in South Africa — Johannesburg is the wealthiest, with total private wealth of USD 239 billion, while Cape Town in second place has USD 131 billion. Cairo follows closely behind with USD 128 billion, and Lagos is in 4th position with USD 97 billion in privately held wealth.

Commenting in the report, international entrepreneur, author, and CEO of MyGrowthFund Venture Partners Vusi Thembekwayo, says the ascent of new wealth economies, along with megacities and the diversification of wealth-creating sources are just some of the exciting trends driving the creation and flow of capital across the continent. “Africa’s story is one of polar domination, with the largest wealth management centers traditionally situated in the most extreme south — South Africa — and the most extreme north — Egypt and Morocco. The rise of frontier economies that are attracting new wealth by positioning themselves as preferred investment destinations is challenging this narrative. Mauritius and the Seychelles have recently been the most deliberate with this strategy.”

Despite a tough decade, South Africa still ranks 28th in the world when it comes to total private wealth, ahead of major economies such as Argentina, Malaysia, Thailand, and Turkey. It’s also the largest luxury market in Africa by revenue, making USD 2 billion annually.

Read Full Release and Download Full Report

Contacts

Media
Sarah Nicklin
Group Head of PR
sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

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