Tanzania, April 17 -- Dar es Salaam. Tanzania's commercial capital has been ranked 16th in terms of the number of dollar millionaires, according to a report by research firm New World Wealth and Henley & Partners.

The Africa Wealth Report 2024 indicates that Dar es Salaam has 1,200 individuals with a net worth of over $1 million (Sh2.5 billion).

The Africa Wealth Report 2024 drawn from intelligence gathered by New World Wealth as well as Henley & Partners' database of high-net-worth individuals, comprising mainly of people with the title of director, CEO, founder and partner.

Two South African cities Johannesburg (12,300) and Cape Town (7,400) lead in the number of dollar millionaires in Africa with followed by Cairo with 7200, then Na...