Posts Tagged ‘urbanisation’
Once rocked by war and ethnic tensions, Abidjan is again rising.
The rise of the black middle class has knock-on effects for consumer-driven and property industries.
Urbanisation is boosting demand for residential properties, which could be an opportunity for investors.
“Looking at cities rather than countries can be eye-opening.”
Africa’s fast growing cities present a major opportunity for the continent’s agricultural sector, says Amine Tazi-Riffi, a senior partner at McKinsey & Company.
Large coastal megacities, a decline in the importance of agriculture, and a South Africa that is no longer a resource-rich economy. This might be Africa’s reality in 50 years’ time.
Enticed by the promise of economic prosperity, millions of Africans are converging on the continent’s ballooning urban nodes.