Africa’s cities of op­por­tu­nity

Finweek English Edition - - IN BRIEF -

Jo­han­nes­burg is ranked third in PwC’s i nau­gu­ral Africa- fo­cused Cities of Op­por­tu­ni­ties re­port, where it looked at the po­ten­tial of 20 African cities be­lieved to be among the most dy­namic and fu­ture-fo­cused on the con­ti­nent.

The African con­ti­nent i s crossed by five trends: de­mo­graphic change, ur­ban­i­sa­tion, tech­no­log­i­cal changes, the trans­fer of eco­nomic power and cli­mate change, PwC said. Ur­ban­i­sa­tion is of par­tic­u­lar im­por­tance, as by 2030 half North Africa Cairo 1st Tu­nis 2nd Casablanca 4th

Al­giers 5th West Africa Ac­cra 6th La­gos 8th Dakar 11th Abid­jan 12th Cen­tral Africa Douala 16th Kin­shasa 19th Luanda 20th

Casablanca

Dakar of Africa’s pop­u­la­tion will live in cities where eco­nomic ac­tiv­ity and growth will be fo­cused and which will be­come com­mu­ni­ca­tion cen­tres and hubs for so­cial trends.

PwC based i ts rank­ings on four in­di­ca­tors: the econ­omy, in­fra­struc­ture, hu­man cap­i­tal and pop­u­la­tion/so­ci­ety. Four of the top-five cities in the re­port are lo­cated in North Africa: Cairo, Tu­nis, Al­giers and Casablanca. This is mainly due to how long they have been es­tab­lished,

Al­giers Abid­jan

Ac­cra

La­gos

Tu­nis

Douala Kin­shasa Luanda Kam­pala Kigali

Lusaka

Jo­han­nes­burg

Cairo Ad­dis Ababa

Nairobi Dar es Salaam

An­tana­narivo

Maputo which has given them time to de­velop in­fra­struc­ture and a reg­u­la­tory and legal frame­work, and to es­tab­lish a so­cio­cul­tural ecosys­tem.

Jo­han­nes­burg is the only ex­cep­tion to this pat­tern since it was only formed more re­cently (com­pared to the other cities that it’s ranked highly with), in 1886, and was de­vel­oped rapidly for po­lit­i­cal rea­sons. There­fore, its in­fra­struc­ture and ser­vices are com­pa­ra­ble to those of the more es­tab­lished African cities.

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