The latest Henley & Partners Africa Wealth Report reveals that the continent holds a total of $2.4 trillion in private wealth, with South Africa, Nigeria, Egypt, Kenya, and Morocco accounting for over 50% of this. Despite this, income inequality remains high, and there’s a significant ‘floating class’ within the middle class facing insecurity.
Subomi Plumptre, the CEO of Volition Cap in Nigeria, aims to address these challenges.
Over a span of three years, her company successfully launched a $30 million fund for agriculture and real estate projects in Africa, resulting in financial independence rates of up to 75% for 3,000 members. Additionally, it’s supporting African filmmakers with $250,000 in funding and have provided financial literacy courses to over 10,000 individuals.
Plumptre also recently toured the United States (US) engaging with the African diaspora through the ‘Celebration
