Kenya’s Capital Nairobi ranked sixth as wealthiest city in Africa

An aerial view of Nairobi City which has been ranked as the sixth wealthiest city in Africa (The Standard)

Kenya’s capital Nairobi has been ranked as the sixth wealthiest city in Africa. It follows closely after Durban (South Africa), Cape Town (South Africa), Cairo (Egypt), Lagos (Nigeria) and Johannesburg (South Africa).

New World Wealth and Mauritias’ AfrAsia Bank study reveals that Nairobi has a privately accumulated net worth of wealth amounting to Sh5.4 trillion contributed by retail, tourism telecoms and fast moving consumer goods, construction and real estates as well as financial institutions.