Top 7 Wealthiest Cities In Africa – 4 Of Them Are In South Africa

Africa is not a wealthy continent. The reasons for that vary. One of the major ones is that a big part of its land is covered by Sahara, a huge desert that doesn’t let anything grow. Many countries are close to the equator, where the temperature is unbearable. In other words, the climate seems to be mainly responsible for the overall growth of the countries on this continent.

However, it has a wild beauty and many opportunities, especially because a plethora of things must be done in Africa, starting with distributing clean water to every place. Below, we present 7 of the wealthiest countries in Africa where you could see yourself staying and investing.

1. Johannesburg, South Africa 

   South Africa has always been the most prosperous country in Africa Johannesburg is traditionally considered the wealthiest city on the continent. Most of its wealth is attributed to diamond mining.
   Diamonds were not always so pricey. The price rose when the wedding industry promoted diamond rings as a must for a marriage proposal. Ever since their value reached impressive numbers and companies in Johannesburg will be financially safe for a long time.

2. Cape Town, South Africa 

   Again in South Africa, there is the second wealthiest city on our list, Cape Town, which is also the capital of the country. Manufacturing, agriculture, transport, logistics, business, and financial services are some of the primary sources of wealth. South Africa has also made an opening to tourism as a safe destination in the wild jungles of Africa. The Kruger National Park has turned the country into a must-see for many travelers.

3. Cairo, Egypt 

   The capital of Egypt is the 3rd most affluent city in Africa. It carries a history of 3.000 years. The reason the country, and specifically the city of Cairo, had such a rich civilization was its financial stability. The Nile, one of the world’s most significant rivers, passes through Cairo, turning soil into fertile agricultural land.
   The country is a part of the Arab world, and residents speak Arabic. Being in the North part of Africa with a relatively friendly climate and close to other economic powers like Europe helped Cairo remain in the center of evolution in Africa.

4. Lagos, Nigeria 

   Lagos is not only a rich city but also a growing economy with a high GDP in Africa. Lagos is a countable city in the area. At the same time, being in Sub-Saharan Africa means there are not many ”competitors” around.
   The population in the urban area is 14 million people, and the city is considered one of Nigeria’s biggest cities. The rich people of Lagos prefer Victoria Islands to be their residence.

5. Umhlanga, South Africa 

   Umhlanga is the shopping mall paradise in Africa. The city is close to marvelous beaches and a tourist attraction. This leads to growing real estate activity in the area with plenty of opportunities for ambitious investors.
   Considering its size, it is a rather rich city since $54 billion belongs to the wealthiest people of Umhlanga. Some of the industries, apart from real estate and tourism, that has made this city so successful are transport, financial services, and healthcare

6. Nairobi, Kenya 

   Nairobi is the capital of Kenya and home to many international companies. The recent restrictions that the government of Tanzania has imposed on foreign investors have forced much financial activity to migrate to the closest and safest country, Kenya.
   It is a popular destination in Africa as it encourages interaction with other countries regarding business and tourism. Being a tourist resort has also made Nairobi an excellent choice for real estate.

7. Pretoria, South Africa 

   Last on our list is another beautiful city in South Africa. Even though the vehicle industry, manufacturing, real estate industry, and transportation boosted the city’s economy, Pretoria is not famous for them.
   You see, Pretoria is the home of many educational institutions and an important cultural center. People are eager to visit the place to make money and interact with educated individuals with common interests to share.

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