Nairobi is the most expensive city in Africa. This is revealed in the 2017 report on life cost from The Economic Intelligence Unit (EIU), subsidiary of renowned British newspapers.
Worldwide, Kenya comes 75th in this index which compares each year prices for 160 goods and services across the globe.
Coming second in Africa with Abidjan is Cairo. They are both 99th worldwide. These are followed by Casablanca (107th worldwide), Dakar (108th), Johannesburg (116th), Lusaka (122nd), Pretoria (123rd), Algiers (127th) and Lagos (132nd).
For the fourth consecutive year, Singapore is the most expensive city in the world, ahead of Hong Kong, Zurich, Tokyo, Osaka, Seoul, Geneva, Paris, New York and Copenhagen.
Asia thus has five of the six most expensive cities worldwide. London moved from the sixth to the 24th position due to the pound’s depreciation subsequent to the Brexit referendum.
EIU’s index is most useful for human resource managers in order to determine salaries to be paid to personnel abroad.
Africa’s 10 most expensive cities:
1-Nairobi (75th worldwide)
2-Cairo (99th)
3-Abidjan (99th)
4-Casablanca (107th)
5-Dakar (108th)
6-Johannesburg (116th)
7-Lusaka (122nd)
8- Pretoria (123rd)
9- Algiers (127th)
10- Lagos (132nd)
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Gambia’s Gamtel signs $50 million PPP to modernise internet backbone Project boosts core network capacity from 50 Gbps to 800...
United States, Côte d’Ivoire sign $487 million five-year health partnership Deal targets HIV, malaria, maternal health and system...
Côte d’Ivoire ruling RHDP wins 197 of 255 parliamentary seats Result consolidates President Ouattara’s control of executive and...
Kenya plans National Cybersecurity Agency to coordinate response to digital threats Cabinet backs proposal, parliamentary approval expected after...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...