Why super wealthy Kenyans are committing billions of shillings to philanthropy
Nairobi, Jan. 10 -- Kenyans are giving money to philanthropy now more than ever as the number of wealthy individuals grows by the day.
As of September last year, the country was home to 8,500 dollar millionaires, according to a Henley Global Citizens Report.
A dollar millionaire is a high net-worth individual (HNWI) whose wealth is $1 million (Sh120 million) or more.
With the rise in the number of these HNWIs has been the need to commit money to different investment vehicles.
Impact investment, commonly known as philanthropy, is one of the ways Kenya's wealthy individuals and families are investing their fortune.
Many banks and financial services institutions operating in Kenya now offer wealth management services besides routine ban...
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