Kenyan cities top the charts for Euromonitor’s predicted Top 10 African cities for growth in 2017, with Kisumu, Eldoret and Nairobi leading the charge.
The growth in GDP is attributed to the digital revolution being seen in the country currently. According to Fransua Vytautas Razvadauskas from Euromonitor, the rapid uptake of high-speed broadband Internet has been important to the impressive rates of growth posted by Kenyan cities in recent years.
“Easier and cheaper access to the Internet has been a major driver of the e-commerce boom in many Kenyan (and African) cities, spurring an online retailing surge.”
Other factors contributing to growth across Kenya’s cities, according to Fransua, include the rapid rise in incomes, fueling a consumption boom, as well as a rising population that is fostering greater demand for goods, services and real estate.
In addition to Kenya, other cities within Africa are expected to grow at a much faster pace than their global counterparts, thanks to an abundance of natural resources, increasing levels of foreign direct investment and a young population.
These include Agadir in Morocco, which is booming due to its tourism industry growth and Tangier, which has become an industrial hub with prominent manufacturing industries in textiles, electrical machinery and food.
“Abuja and Yaounde— Nigeria and Cameroon’s capital cities respectively, are set to record some of the fastest rates of population growth in 2017. The population rise is expected to contribute to growth in demand for real estate, public services and infrastructure,” concludes Fransua.