Arnold mrass cannambo
JF-Expert Member
- Apr 13, 2018
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Nairobi is the sixth wealthiest city in Africa according to a report by AfrAsia Bank Africa Wealth Report 2018. Nairobi’s wealth is valued at $54 billion compared to Johannesburg’s $276 billion. Major sectors in Nairobi city include: financial services, real estate & construction, retail, tourism, FMCG, telecoms and basic materials.
Coming second after Johannesburg is Cape Town at $155 billion with Cairo coming third at $140 billion. In fourth place is Lagos at $108 billion followed by Durban at $55 billion.
In seventh place is Luanda at $49 billion followed by Pretoria, Casablanca, and Accra at $48 billion, $42 billion, $38 billion respectively. Mombasa ranks 23 with wealth valued at $8 billion.
According to the report, the individual wealth of Africans is currently at $2.3 trillion and is expected to grow to $3.1 trillion by 2027. In addition, 19,000 Africans became dollar millionaires over the last decade.
“The continent’s wealth is agglomerating in a number of urban clusters, in the south, east and west. Wealth is collected in a few other places – isolated capitals and mini-clusters stretching from Morocco down to Angola. […] By 2100, 13 of the world’s 20 biggest megacities will be in Africa.” writes Frank Jacobs on Big Think.
According to Visual Capitalist , Africa is turning into financial and entrepreneurship hub which could mean that an economic boom on the continent is imminent.
Coming second after Johannesburg is Cape Town at $155 billion with Cairo coming third at $140 billion. In fourth place is Lagos at $108 billion followed by Durban at $55 billion.
In seventh place is Luanda at $49 billion followed by Pretoria, Casablanca, and Accra at $48 billion, $42 billion, $38 billion respectively. Mombasa ranks 23 with wealth valued at $8 billion.
According to the report, the individual wealth of Africans is currently at $2.3 trillion and is expected to grow to $3.1 trillion by 2027. In addition, 19,000 Africans became dollar millionaires over the last decade.
“The continent’s wealth is agglomerating in a number of urban clusters, in the south, east and west. Wealth is collected in a few other places – isolated capitals and mini-clusters stretching from Morocco down to Angola. […] By 2100, 13 of the world’s 20 biggest megacities will be in Africa.” writes Frank Jacobs on Big Think.
According to Visual Capitalist , Africa is turning into financial and entrepreneurship hub which could mean that an economic boom on the continent is imminent.
