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Friday, 21 August 2015

10 busiest cities to do business in Africa

Cities are the typical entry points for businesses looking to expand into new markets, because
they enable closer interaction with customers in a relatively small geographical area. Global investors are increasingly taking note of the untapped potential of Africa, with this Africa will be enjoying faster economic growth than any other region and may have the world's biggest labor force. However for the sake of small business owners and big business companies who might be interested in establishing or expanding their businesses to Africa, here are the 10 busiest cities in
Africa to do business–
·         Lagos in Nigeria,
·         Kinshasa in the Democratic Republic of Congo (DRC),

·         Johannesburg in South Africa.
·         Dar es Salaam (Tanzania),
·         Luanda (Angola),
·         Khartoum (Sudan),

·         Abidjan (Côte d'Ivoire),
·         Nairobi (Kenya),
·         Dakar (Senegal),

·         Ougadougou (Burkina Faso), and
·         Addis Ababa(Ethiopia).

The population of these cities is projected to almost double by 2030, growing by around 32-million people and the economic activities in these cities could grow by around US$140-
billion by 2030. In addition to high rates of GDP growth, rapid urbanization and a number of other economic factors in the region are starting to appeal to the global investment community. These include: new discoveries of mining and energy resources, in particular gold and gas; Substantial investment in infrastructure and capital formation by the private sector, which has witnessed an increase in the ratio of total fixed investment to GDP from 17.7% in 2000 to an estimated 23% in 2013.

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