Connect with us


Report Names Lagos as 4th Wealthiest City in Africa Valued at $108bn



In a new report by Africa Property News, Lagos has been ranked the 4th wealthiest city in Africa, coming behind Johannesburg, Cape Town, and Cairo.

Lagos was valued at $108 billion, while the other Nigerian city on the list – Abuja – was valued at $13 billion.

The overview of the continent’s wealthiest cities is based on the The AfrAsia Bank Africa Wealth Report 2018. The overview “indicates where clusters of wealthy cities are developing across the continent, as well as showing a few more isolated locations of money aggregation.”

See the Top 10 in the overview below:

  1. Johannesburg (South Africa) –  $276 billion
  2. Cape Town (South Africa) – $155 billion
  3. Cairo (Egypt) – $140 billion
  4. Lagos (Nigeria) – $108 billion
  5. Durban (South Africa) – $55 billion
  6. Nairobi (Kenya) – $54 billion
  7. Luanda (Angola) – $49 billion
  8. Pretoria (South Africa) – $48 billion
  9. Casablanca (Morocco) – $42 billion
  10. Accra (Ghana) – $38 billion


  1. Nigga x

    January 23, 2019 at 12:27 am

    Lagos should try to a least come immediately after the first city if not first

  2. annie

    January 23, 2019 at 9:08 am

    wow this is good

  3. Uberhaute Looks

    January 24, 2019 at 7:56 am

    They should translate that wealth into removing the filth, traffic congestion, motorable roads, waterway systems, monorails etc and a better style of living especially for the mainland than just being a horse inside a book.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tangerine Africa

Star Features