The best African Cities for your business

Let’s have a look together at the 2022 Africa’s top business cities, in case you 're planning to expand your empire on the side of this incredible continent full of surprises and with great possibilities for the future.

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From Cairo to Nairobi, via Cape Town or Casablanca, here are the top ranked African cities to start or continue your business adventure.

 Here is a quick reminder of nowadays facts:

  •  the African continent has numerous business opportunities for entrepreneurs to invest their time, money and resources: Fintech (as of 2021, there were 576 fintech startups with headquarters in Africa, a figure that increased from 491 in 2019, a 17.3% growth), Healthcare, Agriculture, E-commerce and Packaged Food Manufacturing

  •  the continent's population is expected to exceed 2 billion by 2050

  •  natural resources (diamonds and gems, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum, cocoa beans, tropical timber…)

 

  • one of the fastest growing economies in the world (according to World Bank figures, emerging and developing economies, most of which are in Africa, grew by 6.3% at the end of 2021)

 

Below rank established by Statista gathers 4 subindices : economy (economic strength & level of development), society (population development, areas of education & standard of living), operational environment (infrastructure & logistics) and charisma (tourism, culture & the environment).

read the article here : https://www.cooptalis.com/en/blog/best-cities-africa-business

Julianne Liebert

Community Lead, Cooptalis Group