Top 10 Wealthiest Cities in Africa 2018 2nacheki

Rapid Urbanization and industrialization have led to massive growth of African cities.

Welcome to 2nacheki, and today, we present the top 10 Wealthiest African Cities by total Wealth held as reviewed by Afrasia Bank and New World Wealth.

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10. Accra
The Total wealth held in Ghana's capital amounts to 38 billion US Dollars. Accra is home to 2,300 millionaires,100 multi-millionaires and no billionaires. Major sectors in the city include basic materials, manufacturing and financial services.

9. Casablanca
The Total wealth held in Morocco’s largest city amounts to 42 billion US Dollars. Casablanca is home to 2,300 millionaires, 110 multi-millionaires and 2 billionaires. Major sectors in the city include basic materials, manufacturing and financial services.

8. Pretoria
The Total wealth held in the administrative capital of South Africa amounts to 48 billion US Dollars. Pretoria is home to 2,600 millionaires, 110 multi-millionaires and no billionaires. Major sectors in the city include basic materials, manufacturing and financial services.

7. Luanda
The Total wealth held in Angola’s capital amounts to 49 billion US Dollars. Luanda is home to 4,100 millionaires, 240 multi-millionaires and one billionaire. Major sectors in the city include real estate & construction, transport and basic materials in oil & gas.

6. Nairobi
The Total wealth held in Kenya's capital amounts to 54 billion US Dollars. Nairobi is home to 6,800 millionaires, 280 multi-millionaires and no billionaires. Major sectors in the city include financial services, real estate & construction, retail, tourism, Fast Moving Consumer Goods, telecoms and basic materials.

5. Durban
The Total wealth held in this Coastal city of South Africa amounts to 55 billion US Dollars. Durban is home to 3,200 millionaires, 130 multi-millionaires and one billionaire. The figures for Durban include Umhlanga, Ballito, Zimbali and La Lucia. Major sectors in the city include real estate, finance, healthcare, construction, retail and transport.

4. Lagos
The Total wealth held in Nigeria's largest city amounts to 108 billion US Dollars. Lagos is home to 6,800 millionaires, 360 multi-millionaires and 4 billionaires. Major sectors in the city include real estate & construction, telecoms, transport, financial services and basic materials.

3. Cairo
The Total wealth held in Egypt's capital amounts to140 billion US Dollars. Cairo is home to 8,900 millionaires, 480 multi-millionaires and 5 billionaires. Major sectors in the city include real estate & construction, financial services and basic materials.

2. Cape Town
The Total wealth held in this port city of South Africa amounts to 155 billion US Dollars. Cape Town is home to 8,200 millionaires, 440 multi-millionaires and 2 billionaires. Major sectors in the city include real estate, financial services such fund management, retail and tourism. Cape Town is also a hot spot for the wealthy with over 1,500 multi-millionaires living in the city during peak holiday months, many of them being from outside South Africa.

1. Johannesburg
The total wealth held in South Africa's biggest city amounts to 276 billion US Dollars. The city is home to 18,200 millionaires, 970 multi-millionaires and 2 billionaires. The figures for Johannesburg include Sandton. Major sectors in the city include financial services such as banks, accountancies, insurance and professional services, construction, telecoms and basic materials.


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Top 10 Wealthiest Cities in Africa 2018
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Entertainment	Upload TimePublished on 20 Sep 2018