Africa: Nairobi Ranked Sixth Wealthiest Africa City

16 September 2018

Nairobi is East Africa's wealthiest city and the sixth in Africa after Durban, Cape Town, Cairo, Lagos and Johannesburg, a new report says.

The study by New World Wealth and AfrAsia Bank from Mauritius estimated Nairobi's privately held wealth at Sh5.4 trillion with its growth driven by financial services, retail, tourism, fast moving consumer goods, telecoms, real estate and construction.

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