African cities of opportunity

Luanda, Kinshasha, Maputo, Antananarivo, Douala, Dar es Salaam, Lusaka, Kigali and Abidjan are among the African Cities of Opportunity, as defined by a PricewaterhouseCoopers (PwC) report.

Other cities that show great potential for the future are Dakar, Kampala, Addis Ababa, Lagos, Nairobi, Accra, Algiers, Casablanca, Johannesburg, Tunis and Cairo.

Ventures Africa reports that PwC applied the several criteria in the process of compiling the Cities of Opportunity list. The first is the current development or future potential. An example is the progress in improvement of the ease of doing business. Furthermore, the location was considered: top African economies today have access to water ways, which enhances their potential for trading.

Another criteria is the nature of the opportunity: not all African cities are currently suitable for every kind of opportunity. Time Scale: depending on the time required for the investment to start bringing returns, many investments might simply not prove profitable. Ventures Africa reports: “The quickness of establishing a business is also key. Investors don’t want to waste resources to manoeuvre bureaucratic and environment challenges when setting up their businesses on the continent.”

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