77 Views

Top 7 Business Destinations in Africa,”Nigeria is 1st on The list

Whether other world leaders recognize this or not, the business potentials in Africa remain one of the best in the world; and considering the fact that Africans are projected to make up one-quarter of world populations by 2050, Africa holds the business key to even developing other parts of the universe.

Several countries of the world are no doubt investing in Africa and helping develop the infrastructural needs of the continent, just as Africans in the diaspora are investing raw talents and skilled manpower to developing other nations – but the fact remains that certain commercial hubs in Africa hold the key to boosting business and the economic potentials of their respective 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 that must be sought out to make business dreams come true. The top 10 business destinations in Africa according to a recent study by Jovago – a hotel booking service in Africa, are reviewed below;

1. Lagos, Nigeria

upload_2015-9-10_14-23-36.jpeg

Lagos, the former capital city of Nigeria, is the commercial hub of Nigeria and estimated to be a top business destination in Africa. It is estimated to have a population of 20 million people, and almost half of these conduct active businesses in one scale or the other. Lagos has the largest number of business organizations and industrial companies in Nigeria, and its number of luxury hotels and foreign organizations make Victoria Island the commercial nerve-center of the state. The richest business tycoons live in Victoria Island and do business in Lagos, and about 70% of new business owners target Lagos because of the huge population and commercial mindset of the people.

2. Abidjan, Cote D’Ivoire

upload_2015-9-10_14-23-49.jpeg

Abidjan is the capital city of the French-speaking city of Cote D’Ivoire, formerly known as Ivory Coast. It is a republic in western Africa on the Gulf of Guinea, and one of the most prosperous and politically stable countries of Africa. The renovation of the Abidjan harbour contributes to its economic growth, and the construction of the “ThirdBridge”is agreat milestone in opening up the region to 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.

3. Casablanca, Morocco

upload_2015-9-10_14-24-1.jpeg

Located in Morocco, Casablanca is a top business destination in Africa for business investments and economic growths. Morocco is the first African nation to invest in other African nations – in Central and West Africa. Its trade and investment programmes make Morocco a destination of business interests for any entrepreneur or business organization.

4. Johannesburg, South Africa

upload_2015-9-10_14-24-12.jpeg

ALSO READ  Why Did MTN Skip Nigeria To Launch 4G LTE Mobile Services In Rwanda?

Johannesburg or Jo’burg as its usually called in South Africa is one of the largest cities of the country, and the commercial city of SA. Its industrial and economic growth is beyond compare in relation to other countries in Southern Africa region, and it is the business hub contributing most to the economy. The government in its objective to make the city conducive for business and economic activities has worked tirelessly to reduce 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 participations.

5. Nairobi, Kenya

upload_2015-9-10_14-24-22.jpeg

Nairobi is the capital city of Kenya and an amazing business and tourist destination. Its tourism potentials continue to attract people from all over the world and a major boost to its economy; while thousands of visitors have found the need to establish 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. Pharmaceutical company Pfizer, the World Bank, and the Sage Group among others operate their African headquarters in Nairobi, Kenya.

6. Addis Ababa, Ethiopia

upload_2015-9-10_14-24-34.jpeg

Addis Ababa is the capital and largest city of Ethiopia – the only African country on the People’s Choice list of Top 10 Best Tourist Destination for 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. The country hosts the African Union (AU), and regarded by some as the capital of Africa. It has a very conducive atmosphere for business investments and its developmental infrastructures make it one of the best places for entrepreneurship to thrive if you’d make the move today.

7. Kampala, Uganda

upload_2015-9-10_14-24-44.jpeg

Kampala is the largest city of Uganda and the capital 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 – considering the fact that crude oil was discovered in the country in 2006, leading to rise in investments, tourism, and other industrial economies.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

How 24-Year-Old Student Bagged First Class Degree At Bayero University Kano
Best of Nigeria
7 views
Best of Nigeria
7 views

How 24-Year-Old Student Bagged First Class Degree At Bayero University Kano

PH - January 20, 2018

Despite the “many hiccups” he faced along the way, Omeiza Aliyu bagged a first class bachelor of arts degree in mass communications at the Bayero University Kano…

Wizkid’s First Son, Boluwatife Balogun Swags Up In News Photos
Entertainment
84 views
Entertainment
84 views

Wizkid’s First Son, Boluwatife Balogun Swags Up In News Photos

MT - January 19, 2018

When your father is Wizkid Ayo Balogun, then swag is expected! Shola Ogudu, Wizkid's first baby mama shared these lovely new photos of their son, Boluwatife. 

“Doctor Saves Life In Theatre, You Take Gifts To Pastors” – Daddy Freeze, Crazeclown
Entertainment
83 views
Entertainment
83 views

“Doctor Saves Life In Theatre, You Take Gifts To Pastors” – Daddy Freeze, Crazeclown

MT - January 19, 2018

Is It Right? Doctors Spent Hours To Save Your Life In Theatre, You Take Your Gifts To Pastors - Freeze Daddy Freeze don start again today oo,…

Actress Rukky Sanda Steps Out In Ripped Jeans And People Are Talking About It (Photos)
Entertainment
54 views
Entertainment
54 views

Actress Rukky Sanda Steps Out In Ripped Jeans And People Are Talking About It (Photos)

MT - January 19, 2018

The actress and single 33yr old has been off from the movie screen lately, but she seems to be doing just fine judging by her photos, It…

7 Foods That Will Boost Your Digestive Health
Food and Health
51 views
Food and Health
51 views

7 Foods That Will Boost Your Digestive Health

MT - January 19, 2018

Your digestive system affects the well-being of every cell in your bodies. A healthy digestion will contribute to boosted energy levels, beautiful skin and rejuvenating sleep. So,…

Seyi Shay Shares Her Early Morning Photos Without Makeup (Photos)
Entertainment
72 views
Entertainment
72 views

Seyi Shay Shares Her Early Morning Photos Without Makeup (Photos)

MT - January 19, 2018

Nigerian female artiste stage named seyi shay shares her make-up free picture. She is looking cool anyway. See photos below

House Of Rep Member, Aishatu Dukku Says Herdsmen Values Lives Of His Cattle More Than Their Life
Politics
60 views
Politics
60 views

House Of Rep Member, Aishatu Dukku Says Herdsmen Values Lives Of His Cattle More Than Their Life

MT - January 19, 2018

A video making the rounds on the internet has shown a member of the House of Representatives claiming the Fulani herdsmen values his cattle more than his…

Babymama Gang: Popular Video Vixen, Beverly Osu Announces Her Pregnancy By Flaunting Baby Bump On IG
Entertainment
54 views
Entertainment
54 views

Babymama Gang: Popular Video Vixen, Beverly Osu Announces Her Pregnancy By Flaunting Baby Bump On IG

MT - January 19, 2018

It seems beautiful video vixen has join the list of baby mamas as she happily flaunt her baby bump on her instagram page, although the father of…

How A Young Nigerian Businessman Slumped And Died Hours After Mourning The Death Of His Friend
Shocking
44 views
Shocking
44 views

How A Young Nigerian Businessman Slumped And Died Hours After Mourning The Death Of His Friend

MT - January 19, 2018

A young Nigerian man based in the United States has just been reported dead after he was reported to have slumped and died just hours after losing…

DJ Cuppy Got More Than She Bargain For When She Tweeted About Recording A New Song
Entertainment
53 views
Entertainment
53 views

DJ Cuppy Got More Than She Bargain For When She Tweeted About Recording A New Song

MT - January 19, 2018

Nigerians on twitter are all sorts of savage and hilarious. After Dj Cuppy tweeted, Quote 'My throat is killing me, and I’m meant to be recording my…

Here Is How Rivers Indigenes Protested Against SARS Operation In The State (Photos)
Shocking
49 views
Shocking
49 views

Here Is How Rivers Indigenes Protested Against SARS Operation In The State (Photos)

MT - January 19, 2018

Residents of Rivers state today staged a protest calling for the disbandment of SARS operations in the state. The residents accuse officials of the State Anti-Robbery Squad…

Checkout New Photos Of Former Miss Anambra “Cucumber”, Chidinma Okeke (Photos)
Entertainment
55 views
Entertainment
55 views

Checkout New Photos Of Former Miss Anambra “Cucumber”, Chidinma Okeke (Photos)

MT - January 19, 2018

Never you be a victim of your own circumstance … The “future is now” The former beauty queen dropped one of the pictures and wrote: Quote “Go confidently…

Why Chelsea FC Could Be Banned For Two Transfer Windows By FIFA
Sports
43 views
Sports
43 views

Why Chelsea FC Could Be Banned For Two Transfer Windows By FIFA

MT - January 19, 2018

English Premier League Champions, Chelsea FC could be banned for two transfer windows as FIFA investigate the club for irregular signings, according to The Guardian. The club…

Fulani Killings: Why The Benue Crisis May Get Out Of Control – Sultan Of Sokoto Warns
Shocking
55 views
Shocking
55 views

Fulani Killings: Why The Benue Crisis May Get Out Of Control – Sultan Of Sokoto Warns

MT - January 19, 2018

Saad Abubakar, the Sultan of Sokoto, has queried the competence of the security agencies and their inability to stop the attacks and killings by herdsmen in Benue State.…

My Side Chick And My Personal Ashewo – IK Ogbonna Writes Sweet Message To His Wife On Her Birthday
Entertainment
55 views
Entertainment
55 views

My Side Chick And My Personal Ashewo – IK Ogbonna Writes Sweet Message To His Wife On Her Birthday

MT - January 19, 2018

Nollywood superstar actor, Ik Ogbonna has celebrated his wife in a unique manner by chosing to call her his side chick and ashewo in a post he…

This Plus Size Man and Fiance Spice Up Their Pre Wedding Photos With Raunchy Display
Romance and Love
54 views
Romance and Love
54 views

This Plus Size Man and Fiance Spice Up Their Pre Wedding Photos With Raunchy Display

MT - January 19, 2018

This fun-loving couple have got themselves trending online after sharing their lovely pre-wedding photos. The pair identified as Prince Biggs and Sugar Girl decided to spice up…

Meet Nigeria’s First Female Combatant Pilots In History Since 1960 Independence (Photos)
Best of Nigeria
59 views
Best of Nigeria
59 views

Meet Nigeria’s First Female Combatant Pilots In History Since 1960 Independence (Photos)

MT - January 19, 2018

The Nigerian Air Force (NAF) has disclosed on Wednesday, January 17, 2017, during commissioning of 11 young pilots that the two female combatants among the pilots are…

Meet The Governorship Aspirant “Melting The Hearts” Of Online Users (Photos)
Politics
46 views
Politics
46 views

Meet The Governorship Aspirant “Melting The Hearts” Of Online Users (Photos)

MT - January 19, 2018

The 2019 general elections will be apparently be great. A governorship aspirant, comrade Sani Garba Gusau has become an online sensation after melting hearts of online users…

Loading...