Growth in Africa.
Economic growth is robust and foreign investment is growing. Its expanding urban middle classes are creating an internal market of global scale. The continent is actively harnessing its natural resources, but Africa is not just about the commodities boom. There is growth in manufacturing, technology, telecoms, finance, business services, outsourcing, retailing and hospitality. Each of these sectors are changing the face of the continent’s cities.
Which cities offer the best opportunity for economic growth will clearly vary by industry sectors – here is a list of 10 African cities that are likely to have the combination of critical mass of commercial activity and underlying growth factors to push them to the top of the continent’s city hierarchy.
The 10 African Cities on the international radar are:
- Mature: Cape Town, Durban, Johannesburg
- Emerging: Accra, Cairo, Casablanca, Lagos, Nairobi
- Early Adopter: Addis Ababa, Luanda
Looking at the bigger picture, these are the 12 factors that we believe will underpin growth in Africa’s commercial real estate industry:
10 African cities poised for take off – read the full story on Moneyweb