 Top 10 African Cities with the Fastest Growing Millionaire Population Hello there and welcome. In today's video, I will be taking you across Africa to show you the cities with the fastest growing millionaire population. Have you ever wondered which country in Africa has the highest number of millionaires? Or have you ever wondered which cities have the richest people in Africa? Well, after a careful study and research, I've gone across the continent to get this question answered for you. The local economy and community can be significantly impacted by the presence of wealthy people in a city. Although some may see them as a representation of inequality, their investments and contributions can open doors for expansion and improvement. When talking about wealth in the world, just few Africans are mentioned, but there are many cities in Africa that are much richer or have more billionaires that some cities in Europe, Asia, and America. Hello there, you are watching Africa Reloaded and I am James your host. Please take a few seconds to like this video as we begin the ride. 10. Addis Ababa, Ethiopia The nation's commercial and cultural center is Addis Ababa, Ethiopia's enormous metropolis located in the hills bordering the Great Rift Valley. There are many economic prospects in this country's largest and most developed city, which has led to an increase in the number of billionaires. The predicted population of the city in 2021 was 3,774,000 people. Addis Ababa saw a 23% growth in the number of wealthy people between 2012 and 2022, ranking it as the 10th city in Africa with the most billionaires. This city has easy access to numerous basic social services, including water, roads, and medical facilities. 9. Accra, Ghana Ghana's capital, Accra, is located on West Africa's Atlantic coast. One of the most thriving and economically advanced cities in West Africa, it also has one of the largest markets. After Lagos, Nigeria, Accra is the second largest trading and commercial hub in West Africa. Ghana's administrative, financial, and educational hub is Accra. The city is home to the headquarters of all the major banks and trading companies, as well as the Accra Central Library, the Electricity Corporation, the General Post Office, the insurance companies, and the Electricity Corporation. Many billionaires have emerged in the city as a result of this. 8. Swakopmund, Namibia A coastal city in western Namibia, Swakopmund lies 352 kilometers, 219 miles west of Windhoek, the country's capital. The resort and housing industries are the key businesses that are thriving in Namibia's largest seaside town, which is one of the reasons it attracts so many tourists and revelers from around the world and has a significant number of billionaires. The main sources of income for billionaires in this city include finance, insurance, manufacturing, tourism, agriculture, and transportation. 7. Whale Coast, South Africa The Cape Whale Coast is located just outside of Cape Town, close to the southernmost point of Africa. This area is aptly referred to as Heaven on Earth. A section of the Western Cape in South Africa is known as the Cape Whale Coast, one of the best sites in the world to see whales is along this stunning coastline. From Royals in the west to Coyne Point in the east, the path runs. The city has the seventh highest concentration of billionaires in Africa. This city had a 25% growth in the total number of billionaires between 2012 and 2022. This is a wealthy area with a serene and tranquil atmosphere. 6. Casablanca, Morocco In western Morocco, Casablanca is a port city and a major commercial center that faces the Atlantic Ocean. Additionally, it is the economic and commercial center of North Africa and the biggest city in Morocco. The majority of Morocco's foreign trade is conducted through the artificial port of Casablanca, which is fortified against the sea by breakwater. Additionally, it serves as a port of call for ships from Europe. Boulevard Hansali, which leads to the port, is lined with tourist-oriented stores. The old city, or Medina, the first Arab town, is located inland from the ports and the harbor. This city has had the opportunity to produce several billionaires because to its bustling port. Between 2012 and 2022, the number of billionaires in this city increased by 28%. 5. Nairobi, Kenya Kenya's capital city is Nairobi. In addition to its metropolitan core, the city features Nairobi National Park, a sizeable gain reserve that is home to giraffes, zebras, and lions in addition to reproducing endangered black rhinos. In Nairobi, the industries with the highest profits are tourism, lodging, and real estate. The country's main industrial hub is Nairobi. The largest single industrial employer is the railroad industry. Beverages, cigarettes, and processed foods are produced by light manufacturing industries. Due to the city's proximity to the agricultural heartland of eastern Africa and the fact that many primary goods pass through Nairobi before being shipped via Mambasa, there are many billionaires living there. 4. Tangier, Morocco Since the time of the Phoenicians, Tangier, a Moroccan port on the straight of Gibraltar, has served as a vital crossing point between Africa and Europe. The Dar el-Maxin, a palace of the sultans that is now a museum displaying Moroccan antiques, is located on the Medina's whitewashed hillside. After Casablanca, Tangier is the second major industrial hub in Morocco. Textile, chemical, mechanical, metallurgy, and naval building are Tangier's primary businesses. Due to its eminent and abundant commercial opportunities, this city ranks fourth among African cities with a high number of millionaires. 3. Mambasa, Kenya Mambasa is a coastal settlement on the Indian Ocean in southeast Kenya. Before Nairobi was given the status of capital city in 1907, it served as the first capital of British East Africa. There are two ports in Mambasa. Mambasa-old port on the east side of the island and Kilindini harbor on the west. Cezul, cotton, sugar, kpop, coconuts, fruits, and vegetables are among the agricultural products that are sold in Mambasa. The port city also exports many of these items, as well as those from northeastern Tanzania and Uganda, with which it has rail connections. Its economy is driven by industries including shipbuilding and repair, metal and cement manufacturing, sugar processing, a fertilizer plant, and an oil refinery at Changi, which has produced numerous billionaires in Mambasa. 2. Marrakesh, Morocco The fourth largest city in the kingdom of Morocco is Marrakesh, also known as Marrakesh. Mosques, palaces, and gardens may be found in Marrakesh, an ancient imperial city in western Morocco. It is now a significant business hub. The Medina is a medieval city with walls that was once part of the Berber empire, particularly the Menera olive grove and the walled 405 hectare. Actile gardens are two of Marrakesh's well-known parks. Gardens in the city are still watered by an irrigation system that was constructed under the Almoravids. The city, which is well known for tourism and winter sports, houses an international airport, and serves as a commercial hub for commerce between the Sahara and the high Atlas Mountains. 1. Kigali, Rwanda The capital and largest city of Rwanda is Kigali. It is situated in a region of rolling hills, with several valleys on the Ruganmo River, close to the country's geographic center. The majority of industrial activity involves the processing of coffee, tea, and other agricultural goods, with the exception of small-scale mining operations, and a small number of consumer industries, such as textiles, cement, paint, pharmaceuticals, soap, matches, furniture, beverages, and food products. Kigali is where the majority of Rwanda's major industries are situated. One of the cleanest cities in Africa is also Kigali. Kigali became the African city, with the highest concentration of billionaires between 2012 and 2022, thanks to a 72% growth in the number of billionaires. Being the nation with the most billionaires does not imply that its citizens are the wealthiest people in Africa. The wealthiest people in Africa are still dispersed throughout certain nations, like Nigeria. We appreciate your commitment to finishing the video. Please share your opinions with us in the comment area. Don't forget to subscribe, like, and share Africa Reloaded. 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