Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Nairobi ranked most expensive city in Africa

07 March 2014, 13:31

Nairobi - Nairobi has been ranked the most expensive city to live in Africa by a report that states the rising cost of living as a factor in the high ranking, Ventures Africa reports.

A report by the Economist Intelligence Unit stated that rising costs of living enhanced by high consumer retail prices is key to the rise by Nairobi.

Kenya's capital thus takes the unwanted tag ahead of Lagos Nigeria which has held the position in recent years.

Eight African cities were sampled including Lagos,Casablanca Morocco (ranked Africa’s third most expensive city), Cairo (Egypt), Lusaka (Zambia), Pretoria (South Africa), Johannesburg (South Africa) and Algiers (Algeria).

Singapore was ranked the most expensive city in the world to live in.

Mumbai emerged as the world’s cheapest city to live in, joined by Karachi, New Delhi, Damascus and Kathmandu to make up the top five least expensive cities in the world.

According to Ventures Africa, Nairobi’s high-ranking based on cost of living indicates ability to attract foreign investment. The country’s annual GDP growth according to a 2012 World Bank report was 4.6 percent, which was projected to grow at 5.8-6 percent according to an October 2013 report by the global lender.

- For more details visit Ventures Africa.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
S Mbinya
Kenyans demand action after femal...

This comes a few days after a female passenger was drugged and then robbed in a matatu plying the Kenyatta – Kencom route. Read more...

Submitted by
S Mbinya
Natural aphrodisiacs to boost lib...

It is advisable to take them before sex in order to achieve maximum benefit. Read more...

Submitted by
Man defiles girlfriend’s daughter

The two-year-old girl sustained serious injuries due to the forceful penetration. Read more...

Submitted by
Bernard Lugagah
How your birth order affects your...

Mismatched birth orders may be the simple reason you and your significant other don’t seem to get along.  Read more...

Submitted by
Jayne Zack
Raila has lost his remaining bull...

He added that Jubilee and Cord are like day and night. Read more...

Submitted by
Gabriel Ngallah
Changamwe OCPD collapses, dies in...

He had complained of some pain in his body around 11am. Read more...