African economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets.
Migration investment programs allow people to purchase citizenship or residency in exchange for an investment in a country. Europe holds the crown for investment migration programs in 2023, with H&P placing Europe at the top of it ‘s latest index for residence and citizenship programs.
Although Africa’s residence by investment market is relatively new, a few states are joining the fray.
Namibia and Henley & Partners, the global leader in residence and citizenship planning, have unveiled a Residence by Investment Program to attract foreign investment and boost the country’s economic growth. Foreigners seeking Namibian residency must purchase real estate valued at least $316,000 at President’s Links Estate.