2016-10-03 Market News

The rise of Africa’s megacities

Whereas north-African countries Morocco and Sudan are urbanising relatively slowly – with average rates of change of 0.9% and 0.4% respectively over the period 2010 to 2015 – east Africa’s Tanzania and Kenya have witnessed far more rapid change, with average annual rates of change of 2.3% and 1.7%. In both Great Lakes countries, mobile-phone ownership and mobile banking have played a significant role in creating new economic opportunities.

Source: howwemadeitinafrica.com

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