The African Cities That Will “Matter”

Via The Financial Times, an interesting list of the emerging African cities that will make a difference in the years ahead:

As beyondbrics has reported before, the expansion of emerging market cities is a big deal. Urban dwellers tend to be richer than their rural counterparts, they spend more, and they are easier for companies to reach.

But when it comes to Africa and the growth story, we tend to think in terms of countries. Handily, the Economist Intelligence Unit has got past that, and identified the key 25 cities that you need to know about.

So here they are (with their country and population as well):

EIU: 25 African cities

City Country Population (m)
Abidjan Ivory Coast 4.0
Abuja Nigeria 1.9
Accra Ghana 2.3
Addis Ababa Etiopia 2.9
Alexandria Egypt 4.4
Algiers Algeria 2.7
Cairo Egypt 10.9
Cape Town South Africa 3.4
Casablanca Morocco 3.2
Dakar Senegal 2.8
Dar es Salaam Tanzania 3.2
Douala Cameroon 2.0
Durban South Africa 2.8
Johannesburg South Africa 3.6
Kampala Uganda 1.5
Khartoum Sudan 5.0
Kumasi Ghana 1.8
Lagos Nigeria 10.2
Luanda Angola 4.5
Lusaka Zambia 1.4
Maputo Mozambique 1.6
Mombasa Kenya 0.9
Nairobi Kenya 3.4
Tripoli Libya 1.1
Tunis Tunisia 0.8
Source: EIU, CIA World Factbook

And here on a map:

Pratibha Thaker, EIU regional director for Middle East and Africa told beyondbrics that “although it’s the country numbers that grab the headlines, it’s the next level, the city level, which is where the market is. Increasing numbers of companies are looking at cities rather than at a country level.”

It makes sense – as the EIU data show, city dwellers tend to spend roughly twice what people living in rural areas spend. “It’s where people earn and burn their money”, adds Thaker. “It’s something that companies have woken up to a little late, but better late than never”.

Here are some of the nuggets from the EIU data:

  • City dwellers tend to spend roughly twice what people living in rural areas spend.
  • 30 per cent of Lagos households earn over $10,000 per year, compared to just 17 per cent of households in Johannesburg.
  • More than two-fifths of the populations of Luanda, Lusaka and Kampala are under the age of 15.
  • Abidjan is the third most expensive city after Luanda and Johannesburg, with the highest prices for restaurants and hotels
  • Per capita spending on household maintenance is virtually identical in Cairo and Dakar at just over $100, but per capita spending in Cairo on entertainment ($62) is double that in the Senegalese capital.


This entry was posted on Wednesday, October 31st, 2012 at 5:20 pm and is filed under Uncategorized.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.