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)
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Qatar’s Emir visited Rwanda and the DRC as Doha deepened its mediation role in the conflict while expanding major economic commitments in both...
China lifts its market share from 23.8% in 2016 to 52.5% in 2024, gaining 28.7 points. Imports of industrial machines more than double, rising...
The NICTBB backbone already covers 78% of Tanzania and receives 73 billion TZS (≈ USD 30 million) for its next expansion phase. Tanzania is...
Glencore’s attributable production falls to 122,000 barrels over nine months, down from 176,000 barrels in 2024. Cameroon’s government revises...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...