The Future of Private Wealth Management in Africa. • • • It goes without saying that many African countries are not yet in a position to be attractive to WM firms and will not be in the near- future due to their still emerging economies. Some countries may appear at first, from an economic point of view, to have good potential for WM services. However, other factors such as a polarized distribution of wealth with a relatively small middle class or non-transparent groups, mean that time is still needed before they become attractive for wealth managers. Regardless of the situation, firms also need to assess the appetite for WM services and devise an entry strategy before establishing a local presence in any given African country. More importantly, the needs of a large number of entrepreneurs and business individuals would be better serviced, at least initially, by local and regional African groups rather than