Tuesday, January 22, 2019

Lagos Ranked 4th Wealthiest City in Africa by Africa Property News

In a new report by Africa Property News, Lagos has been ranked the 4th wealthiest city in Africa, coming behind Johannesburg, Cape Town, and Cairo. Lagos was valued at $108 billion, while the other Nigerian city on the list – Abuja – was valued at $13 billion.

The overview of the continent’s wealthiest cities is based on The AfrAsia Bank Africa Wealth Report 2018. The overview
“indicates where clusters of wealthy cities are developing across the continent, as well as showing a few more isolated locations of money aggregation.”

See the Top 10 in the overview below:

Johannesburg (South Africa) – $276 billion
Cape Town (South Africa) – $155 billion
Cairo (Egypt) – $140 billion
Lagos (Nigeria) – $108 billion
Durban (South Africa) – $55 billion
Nairobi (Kenya) – $54 billion
Luanda (Angola) – $49 billion
Pretoria (South Africa) – $48 billion
Casablanca (Morocco) – $42 billion
Accra (Ghana) – $38 billion

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