Arab Today, arab today northern african cities lead the way as continent changes
Last Updated : GMT 16:05:20
Arab Today, arab today
Arab Today, arab today

Northern African cities lead the way as continent changes

Arab Today, arab today

Arab Today, arab today Northern African cities lead the way as continent changes

North African cities, such as Cairo
Paris - AFP

North African cities are leading the way as the continent and its growing middle class lay down "solid economic roots" which are very appealing to investors, according to a new report published Tuesday.
The report highlighted 20 African "cities of opportunity" with the Egyptian capital Cairo heading the list, with Tunis, Casablanca and Algiers also in the top five.
Coming in third place only Johannesburg, the largest city in South Africa, breaks northern Africa's monopoly of the top five cities as ranked in the report by accountancy firm PricewaterhouseCoopers.
"The preponderance of North African cities at the top is mainly due to the length of time they have been established. This has given them time to develop infrastructure, regulatory and legal frameworks as well as establishing socio-cultural ecosystems," the report said.
Johannesburg, formed more recently in 1886, "was developed rapidly for political reasons," allowing it develop infrastructure and services are comparable to the more established African cities.
"With five percent growth, dynamic demographics and a growing middle class, Africa is exceptionally appealing to investors," said the PwC report, launched Tuesday at the Africa CEO Forum 2015 in Geneva.
- 'Historic crossroads' -
Africa is at "an exceptional, historic crossroads, if there was ever a moment for an entire continent to seize the day, this is it," it added.
In choosing its 20 "cities of opportunity" -- limited in the report to one city per country -- the researchers considered four main indicators: economy, infrastructure, human capital and demographics.
Along with technical advances and demographic change a major trend identified by the report was urbanisation.
"By 2030, half of Africa's population will live in cities which are where economic activity and growth will be focused as well as becoming communication centres and a hub for social trends," the report said.
PwC's Africa Business Group Leader Paul Cleal said the study should help answer the questions of potential investors in the continent and help city politicians and officials improve their competitiveness.
Cairo's infrastructure was particularly praised, while Tunis ranked top in the "human capital" category -- which included health systems, graduate numbers and literacy and numeracy.
The report also looked at other criteria such as GDP growth, ease of doing business and the ability to attract foreign direct investment.
In this list Dar Es Salaam, Lusaka, Nairobi, Lagos and Accra polled well.
"Most of the African cities with promise can (and will) climb to join those cities at the top of our overall ranking, with a little effort and organisation," the report said.
"Moreover, many of them have already become key regional platforms such as Dar es Salaam and Douala as ports, Accra for telecommunications, Lagos for Culture and Nairobi for financial services."
But the report also said Africa still has "fundamental problems".
These challenges ranged from "disease (whether AIDS, Ebola, or river blindness) to internecine conflict" as well as a decline in commodity prices down to the most basic requirements of urban infrastructure, clean water, ample electricity, public transport.
The complete top 20 list of Africa's "cities of opportunity" was:
Cairo, Tunis, Johannesburg, Casablanca, Algeria, Accra, Nairobi, Lagos, Addis Ababa, kampala, Dakar, Abidjan, Kigali, Lusaka, Dar es Salaam, Douala, Antananarivo, Maputo, Kinshasa and Luanda.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today northern african cities lead the way as continent changes Arab Today, arab today northern african cities lead the way as continent changes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today northern african cities lead the way as continent changes Arab Today, arab today northern african cities lead the way as continent changes

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday