from the world's big
These cities are the hubs of Africa’s economic boom
South Africa is no longer the only place on the continent that has urban wealth clusters
- The wealth of Africans is projected to grow by a third over the next decade
- The continent's wealth is agglomerating in a number of urban clusters, in the south, east and west
- Wealth is collected in a few other places - isolated capitals and mini-clusters stretching from Morocco down to Angola
Over the past decade, 19,000 Africans have become dollar millionaires. Africa's combined wealth has grown by 13% - 3% just in the last year alone. The combined individual wealth of all Africans is $2.3 trillion today – by the end of 2027, it will have increased by a third to $3.1 trillion. Clearly, it's boom time in Africa.
This map offers a revealing perspective on the wealth of the continent. The African subsoil may be resource-rich in many places, but as elsewhere in the world, it's in the great urban centres that money accumulates. And people too: by 2100, 13 of the world's 20 biggest megacities will be in Africa.
South Africa still boasts the main concentration of wealth in Africa, but no longer the only one.Image: Visual Capitalist
And this overview of Africa's richest cities, based on the The AfrAsia Bank Africa Wealth Report 2018, indicates where clusters of wealthy cities are developing across the continent, as well as showing a few more isolated locations of money aggregation.
- Long the most developed nation on the continent, South Africa – with four of Africa's ten richest cities – continues to be the economic engine of Africa's southern half. With a total GDP of $722 billion, South Africa as a whole continues to be the continent's wealthiest country, but on a per-capita basis it comes second after the tiny island nation of Mauritius ($32,700).
- The East African economy is dominated by a string of wealthy cities, from Uganda's capital Kampala via Nairobi and Mombasa in Kenya to Dar es Salaam, Tanzania's biggest city.
- In West Africa, a similar transnational conglomeration runs from Abidjan in Ivory Coast over Ghana's Accra to Lagos and Abidjan in Nigeria.
- In Morocco, Casablanca's wealth is flanked by that of Tangier and Marrakesh. In Egypt, Cairo dwarfs but not completely outshines Alexandria.
- The 'isolates', in descending order, are four capitals: Luanda (Angola), Addis Ababa (Ethiopia), Windhoek (Namibia) and Lusaka (Zambia).
Here are Africa's 10 wealthiest cities:
1. Johannesburg (South Africa): $276 billion
Jo'burg city centre.
Image: Brand South Africa
Fittingly, Africa's richest city was built on gold – on the Witwatersrand Gold Rush of 1886, to be exact. It's the commercial capital of South Africa and the wider region.
2. Cape Town (South Africa): $155 billion
View of Cape Town's City Bowl from Lion's Head, with Signal Hill and Cape Flats in the distance
Image: Martin Power, CC BY-SA 3.0
The city with Africa's highest prime residential rates, at around $6,100 per square metre (similar to DC or Berlin) also is an important hub for financial services, retail and tourism.
3. Cairo (Egypt): $140 billion
Rooftops of Cairo
Image: Luc Legay, CC BY-SA 2.0
Real estate, financial services and construction are some of the key sectors in this city of 9 million, the biggest metropolis in the Middle East.
4. Lagos (Nigeria): $108 billion
The Golden Plaza in Ikoyi, Lagos. On the left the Falomo Bridge to Victoria Island
Image: Ulf Ryttgens, CC BY-SA 1.0
It may no longer be the country's capital, Lagos still is the gateway for 80% of Nigeria's exports – and the centre of the burgeoning film industry, a.k.a. Nollywood. At 21 million inhabitants (2016 est.), it's Africa's largest metropolis, as well as one of the world's fastest-growing cities.
5. Durban (South Africa): $55 billion
Indian Ocean beach at Durban
Image: Brand South Africa
Subtropical Durban is South Africa's third-biggest city (after Johannesburg and Cape Town), second-biggest manufacturing hub and biggest port, as well as a major tourist destination. Durban's Gateway Theatre of Shopping is Africa's biggest mall. It has 12,000 parking slots, 390 stores, 90 restaurants, more than a dozen movie theatres (including an IMAX theatre), a skate park designed by Tony Hawk, and the highest fountain in Africa.
6. Nairobi (Kenya): $54 billion
Image: © Sam Stearman
Kenya's capital and largest city (metro area: 7 million) Nairobi is also known as the Green City in the Sun. Founded in 1899 by the British as a rail depot, the city today is home to thousands of Kenyan businesses, as well as the Nairobi Securities Exchange, Africa's 4th-largest stock exchange; and regional hub for hundreds of multinationals.
7. Luanda (Angola): $49 billion
View of Luanda's harbour, with the Restinga peninsula in the background
Image: OneVillage Initiative, CC BY-SA 2.0
Luanda is the biggest city, major port and capital of Angola – and its metro area is home to one in three Angolans. While the majority of Luandans live in poverty, the booming oil and gas industry has created huge wealth for a minority (as well as a boom in banking and building). Luanda is one of the world's most expensive cities for ex-pats, in part because of high import tariffs imposed to help pay for diversifying the economy.
8. Pretoria (South Africa): $48 billion
Pretoria's central business district, seen from Muckleneuk Hill
Image: Petrus Potgieter/public domain
The administrative capital of South Africa and the hub of the wider Tshwane metro area, Pretoria is also a centre for academia and R&D, as well as commerce and industry, including metalworks to car factories.
9. Casablanca (Morocco): $42 billion
Dawn over Casablanca
Image: Achalhikarim, CC BY-SA 4.0
Officially ad-Dar al-Bayda in Arabic but informally known as Kaza, Casablanca is the largest city in the entire Maghreb region (metro area: 7 million), and its economic hub. It is important both as port city and financial centre. Major Moroccan and multinational companies are headquartered here rather than in the political capital Rabat.
10. Accra (Ghana): $38 billion
Independence Arch in Accra
A merger of coastal settlements around British, Dutch and Danish coastal forts, Accra in 1957 became the capital of sub-Saharan Africa's first independent nation. Today, it is a centre for manufacturing, marketing, finance, insurance, and transportation.
Over the next decade, the AfrAsia Bank's report expects growth to remain strong in South Africa, Angola, Morocco, Egypt, Ivory Coast, Tanzania and Nigeria – not coincidentally countries hosting many of the hubs shown on this map.
But the strongest growth projections apply to some of the smaller countries in Africa: Uganda, Rwanda, Ghana and Mauritius.
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Construction of the $500 billion dollar tech city-state of the future is moving ahead.
- The futuristic megacity Neom is being built in Saudi Arabia.
- The city will be fully automated, leading in health, education and quality of life.
- It will feature an artificial moon, cloud seeding, robotic gladiators and flying taxis.
The Red Sea area where Neom will be built:
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Frequent shopping for single items adds to our carbon footprint.
- A new study shows e-commerce sites like Amazon leave larger greenhouse gas footprints than retail stores.
- Ordering online from retail stores has an even smaller footprint than going to the store yourself.
- Greening efforts by major e-commerce sites won't curb wasteful consumer habits. Consolidating online orders can make a difference.
A pile of recycled cardboard sits on the ground at Recology's Recycle Central on January 4, 2018 in San Francisco, California.
Photo by Justin Sullivan/Getty Images<p>A large part of the reason is speed. In a competitive market, pure players use the equation, <em>speed + convenience</em>, to drive adoption. This is especially relevant to the "last mile" GHG footprint: the distance between the distribution center and the consumer.</p><p>Interestingly, the smallest GHG footprint occurs when you order directly from a physical store—even smaller than going there yourself. Pure players, such as Amazon, are the greatest offenders. Variables like geographic location matter; the team looked at shopping in the UK, the US, China, and the Netherlands. </p><p>Sadegh Shahmohammadi, a PhD student at the Netherlands' Radboud University and corresponding author of the paper, <a href="https://www.cnn.com/2020/02/26/tech/greenhouse-gas-emissions-retail/index.html" target="_blank">says</a> the above "pattern holds true in countries where people mostly drive. It really depends on the country and consumer behavior there."</p><p>The researchers write that this year-and-a-half long study pushes back on previous research that claims online shopping to be better in terms of GHG footprints.</p><p style="margin-left: 20px;">"They have, however, compared the GHG emissions per shopping event and did not consider the link between the retail channels and the basket size, which leads to a different conclusion than that of the current study."</p><p>Online retail is where convenience trumps environment: people tend to order one item at a time when shopping on pure player sites, whereas they stock up on multiple items when visiting a store. Consumers will sometimes order a number of separate items over the course of a week rather than making one trip to purchase everything they need. </p><p>While greening efforts by online retailers are important, until a shift in consumer attitude changes, the current carbon footprint will be a hard obstacle to overcome. Amazon is trying to have it both ways—carbon-free and convenience addicted—and the math isn't adding up. If you need to order things, do it online, but try to consolidate your purchases as much as possible.</p><p>--</p><p><em>Stay in touch with Derek on <a href="http://www.twitter.com/derekberes" target="_blank">Twitter</a>, <a href="https://www.facebook.com/DerekBeresdotcom" target="_blank">Facebook</a> and <a href="https://derekberes.substack.com/" target="_blank">Substack</a>. His next book is</em> "<em>Hero's Dose: The Case For Psychedelics in Ritual and Therapy."</em></p>
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- Not being able to engage with students in-person due to the pandemic has presented several new challenges for educators, both technical and social. Digital tools have changed the way we all think about learning, but George Couros argues that more needs to be done to make up for what has been lost during "emergency remote teaching."
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