Nairobi, July 27 -- For decades, the address mattered as much as the house itself. If Kenya's wealthy bought a second home abroad, chances were it overlooked Manhattan's skyline, London's parks or Dubai's glittering waterfront.

Today, however, another skyline is gradually replacing those familiar postcards. Johannesburg and Cape Town are emerging as the new addresses of choice for Kenya's affluent, reflecting a shift in how wealth is being preserved, diversified and deployed across Africa.

Knight Frank's Wealth & Investment Trends 2026 report shows South Africa has overtaken the United States as the preferred offshore residential property destination for Kenyan high-net-worth individuals.

The finding signals that investors increasingly...