Thursday, August 28, 2025
29.4 C
Lagos

Luanda: Most Expensive African City for Expats in 2016

Luanda, the capital of Angola is the most expensive city in Africa for expatriates in 2016, according to a survey released on December 14 by ECA International. Worldwide, Angola’s capital moved from the fifth position in this ranking last year to the second this year.

In Africa, Luanda is followed by Kinshasa, capital city of the Democratic Republic of Congo, which is 10th worldwide. Next comes Khartoum (Sudan’s capital), which moved from the 53rd position worldwide in 2015 to 21st in 2016, as inflation in the country soared and due to the Sudanese pound being pegged to the dollar.

Libreville comes 4th in Africa in the ranking which lists 450 cities worldwide, ahead of Pointe Noire, Brazzaville, Conakry, Abidjan and Yaoundé. N’Djamena is the tenth African most expensive city. (See down for Top 20).

ECA’s cost of living survey is based on a set of basic consumption goods and services such as food, household items, costs of leisure, clothing, restaurants, alcohol and tobacco. Calculations are made in U.S dollars. Rent, public services, car purchase and school fees are excluded as they are usually covered by separate allocations.

Worldwide, Tokyo is the most expensive city for expats, ahead of Luanda, Zurich, Geneva, Yokohama, Basel, Nagoya, Bern, Osaka and Kinshasa.

Top 20 of most expensive African cities in 2016:

1- Luanda
2- Kinshasa
3- Khartoum
4- Libreville
5- Pointe Noire
6- Brazzaville
7- Conakry
8- Abidjan
9- Yaoundé
10- N’Djamena
11- Malabo
12- Freetown
13- Accra
14- Dakar
15- Harare
16- Bamako
17- Cotonou
18- Ouagadougou
19- Addis-Ababa
20- Nairobi

spot_img
spot_img

Hot this week

NCDMB, Coppercrux Engage South-South Youths on CNG Technologies, Opportunities in Value Chains

The Nigerian Content Development and Monitoring Board (NCDMB), in...

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

Leading financial institution, Fidelity Bank Plc has announced plans...

NAICOM, CAC Partner for 12- Month Recapitalisation Timeline

The Management of the National Insurance Commission (NAICOM) paid...

Fidelity Bank to Host Eduthrive Conference to Empower School Owners Ahead of New Academic Session

Leading financial institution, Fidelity Bank Plc, is set to...

Japan Designates City of Kisarazu as Hometown for Nigerians

Mrs. Florence Akinyemi Adeseke, Nigeria’s charge d’affaires and Yoshikuni...

Topics

Africa, ME Home Devices Market Tops $2bn in 1st Qtr

    The Middle East and Africa (MEA) smart home devices...

Royal Exchange Targets Agric Insurance to Support Growth

Royal Exchange Plc is set to unlock new growth...

Sovereign Trust Named Insurance Company of the Decade

L-R: Segun Bankole, Deputy General Manager, Sales and Corporate...

Intercontinental Bank Plc: Death so Painful

The banking entity was officially proclaimed DEAD by the Central Bank of Nigeria (CBN) in 2009. It was a mysterious and painful demise. But the soul of the bank has refused to Rest-in-Peace. Today, the living dead skeleton of the bank are rumbling in the belly of Access Bank Plc, fueling ghostly imaginations of resurrection or reincarnation. The Early Years Intercontinental Bank Plc was born in 1989 to the family of Dr. Erastus Akingbola. Early in life, the young bank exhibited elements of excellence, profitability and leadership in the banking sector. And when the whistle was blown on Banking Consolidation in 2005, the bank merged seamlessly with three other banking institutions: Equity Bank of Nigeria, Gateway Bank and Global Bank in October of that year. Naturally, the merging process made it bigger in terms of size, branch network, customer base and profitability.

CBN: ‘BVN Issued in Nigeria Has No Expiry Date’

The attention of the Central Bank of Nigeria (CBN)...

NCC Plans Socio-Economic Transformation via ICT Parks

  Nigeria’s independent telecoms regulatory authority, the Nigerian Communications Commission...

Temenos Wins ‘Best Digital Banking Solution’ in Africa Award

Temenos, the banking software company, has become the first vendor...

2,000 Youths Benefit from NCC’s Digital Job Creation Program

  More than 2000 Nigerian youths from the Six Geopolitical...
spot_img

Related Articles

Popular Categories

spot_imgspot_img