Africa's Top 10 Cities for Future Investment

Addis Ababa was named one of Africa’s top 10 cities for future investment by PricewaterhouseCoopers in their Global Economy Watch report. “Cities are the typical entry points for businesses trying to expand in new overseas markets. This is because they enable closer interaction with customers in a relatively small geographic space, which in turn helps contain distribution costs,” the report states.

The PwC report echoes comments made in the International Monetary Fund’s regional economic outlook for sub-Saharan Africa report earlier this year, which stated that overall growth in the region would most likely remain among the top 30% in the world, driven primarily by large investments in infrastructure, mining and maturing investments. - Destiny.com

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