There are several business destinations in Africa. Whether the world leaders identify with it or not, the business destinations in Africa remain one of the best in the world. In spite of the fact, considering that Africans are expected to make up one-quarter of the world populations in the year 2050. Africa holds the commercial key to even developing other parts of the world.
Several countries of the world are no doubt investing in various business destinations in Africa. They are helping to develop the infrastructural needs of the continent. In African, countries in diaspora are also investing in raw talents and skilled manpower to developing other nations. The fact remains that certainly marketable hubs in Africa are responsible for boosting economics and business destinations in Africa for various countries and regions.
Investing or conducting business activities in these commercial hubs would not only build the commercial profiles of the regions, but they are also business destinations in Africa that must be sought out to make business dreams come true.
Top 7 business destinations in Africa
The top 7 business destinations in Africa can be seen below:
- Lagos, Nigeria
Lagos which was once the capital city of Nigeria is the business hub of Nigeria. It is projected to be business destinations in Africa. It has a population of 20 million people, and almost half of its population conduct businesses. It has the largest number of industrial companies in Nigeria. The luxury hotels and foreign organizations make Victoria Island the commercial nerve-center of the state. The richest business tycoons live in Island and do business in Lagos. 70 % of the people living in Lagos state have a commercial mindset.
- Abidjan, Cote D’Ivoire
Abidjan is the capital city of Cote D’Ivoire. It was formerly known as Ivory Coast. It is a Francophone country located in western Africa on the Gulf of Guinea, and one of the most prosperous and politically stable countries in Africa. The renovation of the Abidjan harbor makes it one of the business destinations in Africa. The construction of the “Third Bridge “opened up several business opportunities. Abidjan re-hosts the African Development Bank (AfDB) Group, and its stock exchange ranks as the 23rd in Africa. Its GDP per capita is predicted to grow at 7.9% increase in 2015.
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- Casablanca, Morocco
Casablanca is a city that is Located in Morocco, Casablanca is top business destinations in Africa for business investments and economic growths. Morocco is the first African country to invest in other African nations – in Central and West Africa. Its trade and investment programs make Morocco a destination of business interests for any business magnate or business organization.
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- Johannesburg, South Africa
Johannesburg or Jo’burg as it is being called in South Africa is one of the largest cities in the country, and also the business city of SA. Its industrial and economic growth is business destinations in Africa. It can’t be compared to other countries in Southern Africa region, and it is contributing to the economic growth of the country. The government main objective is to make Jo’burg conducive for business and economic activities. They are also has worked tirelessly to lesser crimes in the city, and it has invested millions of dollars to improve its infrastructures and make the city ready for international investments and commercial participation.
- Nairobi, Kenya
This is the capital city of Kenya and an amazing tourist and business destinations in Africa. Its tourism capacities continue to attract people from all over the world and a major boost to the nation’s economy. Thousands of visitors have found the need to start a business and stay back to develop the economy. The country has a GDP of $62.7 billion in 2014 and this is estimated to rise by 6.2% in 2015. The Nairobi stock exchange is one of the largest in Africa, and its banking service one of the largest in the region.
- Addis Ababa, Ethiopia
Addis Ababa is the capital and also double as the largest city of Ethiopia. The only African country on the People’s Choice list of Top 10 Best Tourist and business destinations in Africa 2015 – underscoring the tourism and business potentials of one of the two African countries that never obtained political independence from any colonial powers. Ethiopia had a GDP of $49.9 billion in 2014 and this is predicted to increase by 8.5% this year, considering the country’s strong business links with China.
- Kampala, Uganda
Kampala is also one of the business destinations in Africa. It is the largest city of Uganda and also the capital city of the nation. Kampala has a population of over 2 million people who work every day to make the city and country one of the best in Africa. Uganda is often referred to as the “Pearl of Africa” and this might not be unrelated to its tourism and economic potentials in the region. The country had a GDP of $26.9 billion in 2012 and this is predicted to rise by 6.3% in 2015.