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Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

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NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

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Insurance

AIICO Insurance Drives Community Health Impact with Malaria Prevention Outreach in Oyo State

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Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

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Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

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NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

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CIIN Concludes Insurance Week 2026 with Awards Galore

L-R: Mrs. Ekeoma Ezeibe, President/Chairman of Council of NCRIB...

Business

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

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ICT

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Capital Market

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Insurance

AIICO Insurance Drives Community Health Impact with Malaria Prevention Outreach in Oyo State

AIICO Insurance Plc has reaffirmed its commitment to improving...

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Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened...

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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

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Firm to Develop Affordable Homes for Calabar Residents

An indigenous firm, Turn – Over Plus Limited, is set to develop a housing estate, Green City Estate, Calabar, Cross River State, in an effort to boost the housing stock in the state. The Green City Estate is located in Ikot Offfiong, Ambia, said to be the most serene part of Calabar metropolitan city, with a clean, beautiful, well developed infrastructure, hospitable and good safety and security facility. The Green City Estate which will be fully flagged off in August, currently houses a number of two to three bedroom apartments spread over three bays, just as duplexes are also been developed. Apart from the planned modification of the existing structures to meet the green city codes, the management of the city plans to develop additional 140 future homes within the next 12 months.

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