AFRICA
(vkilikov/SHUTTERSTOCK)
Gulf bank experiences in Africa RENOY KUNDUKULAM, HEAD OF WEALTH MANAGEMENT, NOOR BANK SHEDS LIGHT ON THE UAE BANK’S GROWING ACTIVITIES IN THE CONTINENT
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frica is a continent that is rich in natural resources and has growth drivers which are becoming increasingly diverse, led by resource-based, construction and services sectors. According to industry reports, in the next few years, it is estimated
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that seven out of the 10 fastest growing economies in the world will be in Africa. In addition, favourable demographics and closer regional ties are expected to further drive this growth, especially in East Africa. In terms of demographics, Africa currently
Islamic Business & Finance | ISSUE 106
has a population of more than one billion people with the population of young, middle-class Africans rising increasingly. As per The Wealth Report 2017, over the last 10 years, the number of ultra-high net-worth individuals (UHNWIs) have risen by 13 per
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