The Luxury Tribune's Selection: Africa And The Luxury Market

This week, we bring you a series of topics dedicated to the African continent, which is at the heart of luxury interests. Our three keys to understanding the situation:

• The fusion of art and fashion is fostering a new era of creativity in the African luxury industry. The economic potential is considerable.
• There are 135,200 wealthy people on the African continent, and the ultra-rich (over $100 million) number 342. The resilience of these fortunes in the face of global political and economic turbulence is fuelling the luxury goods industry.
• As Africa's population continues to grow, the G20 countries pledged a combined $100 billion a year to developing countries. However, not everyone has lived up to this promise.

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