Business

Why African Billionaires are Banking in Belize: Luigi Wewege, President of Caye International Bank

In an increasingly globalized financial scene, the movement of wealth and the choice of banking jurisdictions by ultra-high-net-worth individuals garner significant attention.


Among these, South African Rand millionaires and billionaires, particularly those hailing from the affluent Western Cape region, have shown a growing affinity for banking in Belize, a trend that merits a closer examination.


In this insightful piece, we explore the reasons behind this shift in banking preferences, as we engage with Luigi Wewege, the President of Caye International Bank Belize, one of the leading financial institutions in this Central American nation.