Dar es Salaam, Tanzania
Savvy CEOs already recognise the economic clout Kinshasa, Johannesburg and Lagos have in Sub-Saharan Africa (SSA). That’s why most large Western corporations are already active in at least one of Africa’s largest cities.
But what about Luanda or Dar es Salaam? Both these cities will likely have more inhabitants than London by 2030 – just two of 10 SSA metropolitan centres that are projected to triple their size in that period.
Simply put, Africa is rising at an unprecedented rate, driven by a young population, rapid urbanisation, a burgeoning middle class and technology that’s fostering innovation across SSA’s entire business landscape.
By 2040, Africa’s projected to have the biggest labour force in the world and could have faster economic growth than any other region, according to PwC’s Global Economy Watch.
Taken together, SSA’s 10 largest cities (after the top three noted above) are on course to add around 34 million people to their population and triple their combined GDP, rising by around $140 billion. That’s roughly equivalent to the annual output of Hungary.
Read more: Spotlight on Africa: PwC
- Into Africa: The continent’s Cities of Opportunity – PwC (Video, Presentation, and Report)
- In Africa’s oil capital, Africa’s richest man built an empire on sugar
- Advancing Africa? No more ‘business as usual’: Akinwumi Adesina, Nigeria’s Agriculture Minister & candidate for AfDB President
- Nigeria – Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)
- Africa property offers rich pickings for the brave
- Johannesburg is Africa’s most popular city for youth but Lagos is for its entrepreneurs
- 11 giant infrastructure projects that are reshaping Africa
- GE books $2.5B in African orders from oil to locomotives, beating 2018 target by $500M
- Olusegun Obasanjo: My African utopia
- The role of cities in Africa’s rise: KPMG (Infographics & Report)
- Ethiopia bets on grand projects in drive for industrial power
- The number of millionaires in Nigeria, Kenya and Angola will more than double by 2030
- Consumer demand will drive the next wave of private equity investments in Africa, says KPMG Partner Dapo Okubadejo
- Boston Consulting Group opens office in Lagos, 4th in Africa
- Africa’s neither ‘rising’ nor ‘falling’ but it is growing. Fast
- Expert opinion: Where in Africa would you invest $1 million?
- 10 budget airlines changing Africa’s skies
- Africa’s big cities are investment bright spots, says private equity firms Abraaj and Actis
- The rise of Africa’s megacities
- Lagos, Nigeria: Africa’s Big Apple
- Rwanda finds working with the neighbors pays off
- Shop Africa 2016 (Report & Infographics): Knight Frank
- Nigeria plans $25B infrastructure fund
- African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)
- Bright Africa 2014 – A guide to equity investing on the continent: RisCura (Report)
- Africa’s megaprojects: 326 billion reasons Africa is on the move (Photos, Infographic & Video)
- FastJet seeks South African investors to fund growth in bid to become the “first pan-African discount airline”
- The Changing Face Of Business In Nigeria: Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)
- Made in Africa: Ethiopia positions itself as manufacturing alternative to China
- Invest Nigeria – Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)
- To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market
- Ethiopia’s economy: Neither a sprint nor a marathon
- Private equity fund backed by two of South Africa’s richest men raises $345M to invest in Africa
- Private equity investment in Africa heats up as pension funds stay local
- France & Angola sign business deals from oil to hotels
- Africa’s opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)
- President Goodluck Ebele Jonathan (“GEJ”) of Nigeria is clueless, incompetent, and callous: 35 reasons why this is a big lie
- Africa in 2016: Angola’s public venture capital fund FACRA
- Kenya vs. Tanzania: The race to build Sub-Saharan Africa’s largest port
- Africa: A land of opportunity for property investors