Cairo was named also the 3rd richest city in the continent with $140bn in wealth after Johannesburg and Cape Town.
Egypt came second after South Africa in wealth, while it ranked sixth in wealth per capita.

The report issued by the Mauritius based AfrAsia bank and looked at luxury trends, property and wealth management in 2017.

Egypt's luxury index came at $0.3bn while in South Africa it was at $2.2bn.

Cairo was named also the 3rd richest city in the continent with $140bn in wealth after Johannesburg and Cape Town.

Egypt is the 2nd wealthiest country in Africa