cape-Africa

Africa’s 10 Top Powerhouse Economies

Across Africa, there are enormous opportunities to make healthy returns and play a part in continued progress of the world’s most dynamic continent.

African economies easily rank among the most resilient in the world. Africa is favorably positioned to become the 2nd fastest growing region in the world and across Africa, there are enormous opportunities to make healthy returns and play a part in continued progress of the world’s most dynamic continent.

Africa is becoming an increasingly attractive hub for foreign investors in light of various economic, political and social reforms that are sweeping through the continent, resulting in a much improved business environment conducive for foreign direct investment. Apart from that, there is widespread development of critical social and physical infrastructure, and there is an increasing pool of well-educated, English-speaking, enterprising workers in most countries across the continent.

There is also a significant boost in the spending power of Africans. According to the African Development Bank, Africa’s fast-emerging middle class is now comprised of over 300 million people.

If you’re a foreign investor who has yet to make a foray into Africa, now is the time to step in and capture a share of Africa.

Africa could be the next big story in emerging-market stocks. Here are Africans Top 10 Cities of Opportunities:

  • Cairo, Egypt: Cairo is the capital of the north African country of Egypt. It is one of the largest cities in the world and it is the largest in Africa. Cairo is known as being a very densely populated city as well as being the center of Egypt’s culture and politics. It is also located near some of the most famous remnants of Ancient Egypt like the Pyramids of Giza.
  • Tunis, Tunisia: The capital of Tunisia is the bustling city of Tunis, from which the name of the country is taken. The city’s population is nearly three-quarters of a million people, with more than two million living in the greater metropolitan area. Tunis is built on the venerable city of Carthage, which is still an important tourist draw.
  • Johannesburg, South Africa: Johannesburg is the business capital of South Africa, and the economic powerhouse of Africa. It produces a large proportion of the country’s GDP and attracts investment and skills from all over the world. It is also one of Africa’s main travel hubs and an inevitable access point to many Southern African destinations.
  • Casablanca, Morocco: Casablanca or more affectionately known as Casa has a population of six million and is the largest city and port in Morocco. It’s also the biggest city in the Maghreb and the sixth biggest city in the entire continent of Africa. Casablanca, the most famous name in Morocco Travel, is considered the economic capital of Morocco because it is the heart of Moroccan business. It is also the primary naval base for the Royal Moroccan Navy. Casablanca is the headquarters and main industrial facilities for leading Moroccan and international companies based in Morocco. Industrial statistics show Casablanca retains its historic position as the main industrial zone of the country.
  • Algiers, Algeria: Algeria has the human and economic potential to be a giant; one of the main markets in Africa. Algeria is the 4th largest crude oil producer in Africa and the 6th largest gas producer in the world. It is an increasingly important energy supplier for the EU, currently the 4th largest – and will increase its share as new distribution networks come online. Algeria also has many other natural resources such as gold, iron, zinc, uranium, copper, phosphate, tungsten and kaolin. And it has enormous potential for renewable energy, in particular solar, wind and tidal energy.
  • Accra, Ghana: Accra is the capital city of Ghana in West Africa. Almost 2 million people live in Accra, making it Ghana’s most populated city. Accra has been Ghana’s capital since 1877 when the British ruled this part of West Africa. Ghana is an industrial darling on the continent. It is more advanced than many other African countries. Ghana’s oil boom has proven to be a great additive to one of Africa’s most active small and medium enterprise (SME) economies. Its reputation as one of the continent’s most stable democracies almost seems like an added bonus. For these reasons, Ghana has become increasingly attractive to foreign investors.
  • Nairobi Kenya: Nairobi is the capital city of Kenya and East Africa’s most populous city (3.5 million). Nairobi was founded in 1899 as a railway stop en route to Mombasa. Within a decade it grew to become the capital of British East Africa and became Kenya’s capital after independence in 1963. Nairobi is a major business hub and many Aid agencies headquarter here as well. Nairobi has a modern city center, some beautiful suburbs, as well as Africa’s largest slum.
  • Lagos, Nigeria: Lagos is the largest city in Africa, named after the Portuguese word for lagoon.  The economic and cultural powerhouse of the country, and with much thanks to an absurd influx of oil money, it has an exploding arts and music scene will keep your yansh engaged far past dawn.
  • Addis Ababa, Ethiopia: Addis Ababa is the capital city of Ethiopia in East Africa which means “new flower” in Amharic. Around 3 million people live in Addis Ababa and is the third highest capital in the world at 2440m. More than 70% of Africa’s mountains are found in Ethiopia. Probably due to the high altitude in the country, Ethiopians are famous for being great long distance runners. Ethiopia has the largest per capital density of cattle in Africa and the 10th largest in the world.
  • Kampala, Uganda: Kampala is the capital city of Uganda and is in the South Central part close to the shores of Lake Victoria. Kampala, with a population of approximately 2.5 million, is by far the largest city in Uganda. Kampala makes a good introduction to Uganda. It’s a dynamic and engaging city, with few of the hassles of its eastern neighbour and several worthy attractions to keep you occupied for a couple of days.