July 4th, 2022 at 09:57 am
5 top business cities in Africa, according to latest index ranking
There are many factors involved in making a business successful. The location may be the major decision for investors and entrepreneurs.
The Global Business Cities Index has identified some major cities in Africa as business cities. The report evaluates the economic relevance of cities around the world, based on their population size, the GDP ratio, and decisions made at the corporate level.
- Other indices were based on the Economy which focuses on the economic strength of that city.
- The Business Environment which focuses on infrastructure.
- Logistics which deals with air freight.
- Charisma highlights areas in tourism, culture, and the environment.
- Society which analyses the population and the standard of living of those residing there.
Based on the information above, if you are seeking to expand your business to Africa, these are the cities you should be looking at baser on the latest ranking.
BEST CITIES IN AFRICA FOR BUSINESS
1. To begin with, Cairo (31.84)
Cairo is both an ancient and modern city. It is also one of the largest cities in the Middle East. Apart from being the best city to do business, the people are highly educated and have knowledge about the business practices of the West. The city also has countless commercial opportunities, especially in the tourism and health care sector.
2. Secondly, Algiers (31.32)
Technological investment, infrastructural development, and social development are factors that make Algiers city a good place for investors and entrepreneurs.
3. Thirdly, Johannesburg (30.33)
Johannesburg is South Africa’s hub for commercial opportunities. It is also the largest city in South Africa which serves as the country’s financial center, has the biggest airport, and has a population of 4.4 million people with many young ones. The proof of Johannesburg’s potential can be seen in the number of international corporations that have been established as headquarters in the city. The number of international corporations in the city makes up 70 percent of businesses.
4. Also, Casablanca (28.84)
Besides the above, Casablanca is the second-largest city in Morocco and is situated in the Central part of the country. It is well known as the biggest financial center for Morocco. The city also owns a major port.
5. Lastly, Nairobi (24.01)
Additionally, Nairobi is a city that abounds with opportunity, especially in agribusiness, real estate, financial services, tourism, information communication technology and digital trade, and infrastructure and pharmaceuticals.
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