Browsing: Kampala

• East African cities dominate the top five performing cities, including Kampala, Antananarivo, Mwanza, and Dar Es Salaam.
• While Sub-Saharan cities are expected to witness marginal gains in productivity compared to global counterparts
• Despite currently being the second-largest region by aggregate city GDP, the report forecasts that the South will be overtaken by the East African Cities by 2050.

East African cities are poised for strong economic growth between 2024 and 2050, outpacing other regions on the continent, an analysis by Oxford Economics has shown.

The report indicates that these cities will experience an average GDP growth rate of 3.5 per cent annually, primarily fueled by significant inflows of foreign direct investment and strategic initiatives the East African Community (EAC) implemented to bolster sectors such as business services and manufacturing.

In contrast, Southern African cities are anticipated to face the weakest outlook, with a projected GDP growth rate of 1.7 per …

The Mercer 2020 gives the cost of living in African cities giving the most expensive and least expensive cities to live in Africa in its Cost of living survey.

The annual survey ranks cities cost of living based on the prices of goods and services such as rent, food and clothing.

The survey is mostly used by multinational organisations to set remuneration packages for their foreign-based employees.

“The Covid-19 pandemic reminds us that sending and keeping employees on international assignments is a huge responsibility and a difficult task to manage,” said Ilya Bonic, career president and head of Mercer Strategy.

According to the report, in East Africa, Kampala Uganda is the least expensive city to live in while Nairobi Kenya is the most expensive city, Kigali Rwanda takes the second least-expensive city followed by Dar-es-Salaam Tanzania.

Also Read: Cost of living to go up for EAC

The report sampled 40 …