Lagos is the Third Most Expensive City in Africa – Report

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Each year, the Cost of the Living report finds that specific factors such as currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, are essential to determining the cost of expatriate packages for employees on international assignments.

This year, Victoria, Seychelles takes the lead as the highest-ranking city in Africa.

In Africa, Victoria, Seychelles (14) is ranked highest city while Tunis in Tunisia (209) ranks as the least expensive city in the region and globally. Ndjamena, Chad (15), follows Seychelles, dropping four places from its ranking as the most expensive city in Africa, last year (11).

Lagos, Nigeria is the next city on the list rising seven places, followed by Kinshasa, the Dem. Rep. of Congo (24) which dropped two places. Lagos is also the 18th most expensive city in the world.

Africa most expensive cities
AFRICA RANKING
GLOBAL RANKING
CITY
COUNTRY
1
14
Victoria
Seychelles
2
15
Ndjamena
Chad
3
18
Lagos
Nigeria
4
24
Kinshasa
Democratic Republic of Congo
5
33
Libreville
Gabon
6
36
Abidjan
Cote D’Ivoire
7
44
Brazzaville
Congo
8
56
Yaounde
Cameroon
9
57
Accra
Ghana
10
58
Djibouti
Djibouti
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In comparison with last year’s report, some African countries like Harare, Zimbabwe, Niamey in Niger, and Cairo, Egypt have gone up 188 to 165, 149 to 116, and 166 to 126, respectively.

Read Also:  Study Finds Ways to Boost Intra-African Trade and Build Resilience

Further, Luanda, Angola has seen a significant increase in exchange rates while Cairo, Egypt and Tunis, Tunisia, have experienced a drop. Djibouti, Djibouti (58) has no difference in exchange rates.

According to Mercer’s 2020 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in the second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from the ninth place. Mercer’s data was collected in March; price variances in many locations were not significant due to the pandemic.

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Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Shanghai (7), Bern (8), Geneva (9), and Beijing (10). The world’s least expensive cities for expatriates, according to Mercer’s survey, are Tunis (209), Windhoek (208), Tashkent and Bishkek, which tied to rank 206.

Mercer’s survey shows that costs of goods and services shift with inflation and currency volatility making overseas assignment costs sometimes greater and sometimes smaller. Therefore, properly vetting locations and compensating employees on international assignments is important.

Mercer produces individual cost of living and rental accommodation cost reports for each city surveyed.

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Lagos is the Third Most Expensive City in Africa – Report - Brand SpurLagos is the Third Most Expensive City in Africa – Report - Brand Spur

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Lagos is the Third Most Expensive City in Africa – Report - Brand SpurLagos is the Third Most Expensive City in Africa – Report - Brand Spur

Latest News

Next Meats, Purveyor of the World’s First Plant-based Yakiniku Meats, Is Now in Singapore

The Tokyo-based startup makes its debut in the alt-protein hotspot of Singapore

 

  • Next Meats has collaborated with Aburi-EN to deliver two new meal sets
  • Made with soybean proteins, the Kalbi contains no chemical additives or animal ingredients
Read Also:  Jumia’s Profit Hits 82.3 Percent in Q1’19


SINGAPORE - Media OutReach - 14 April 2021 - Next Meats, a purveyor of the world's first plant-based yakiniku meats, is making its debut in the alternative protein hotspot, Singapore! The Japanese alternative meat company has collaborated this time with popular Japanese restaurant Aburi-EN, which will offer two types of set meals using the NEXT Kalbi (boneless short rib) for the very first time. Made largely from soy proteins, the NEXT Kalbi contains double the amount of protein and half the fats than that of regular meat and even more, it does not contain any chemical additives or cholesterol due to its lack of animal ingredients. Now, Singaporeans can enjoy yakiniku without the guilt!


Lagos is the Third Most Expensive City in Africa – Report - Brand Spur

From left to right: Premium Kalbi Don Set and Stamina Teishouku Set

The two new menus available at Aburi-EN are the Kalbi Don Set (S$13.80) and the Stamina Teishoku (S$15.80) — which are available for a limited time only. Next Meats has specifically chosen to work with Aburi-EN as they are a Japanese grilled-meat specialist. The two menus are the culmination of many months of research and development, and they will also be Aburi-EN's first-ever plant-based dishes.


Lagos is the Third Most Expensive City in Africa – Report - Brand Spur

For the Kalbi Don Set, Next Meat's Kalbi is grilled and served atop a bowl of fragrant Japanese steamed rice. Equally indulgent, the Stamina Teishoku features the Kalbi stir-fried with cabbage along with egg imported from Okinawa. The meat is then served with fragrant Japanese steamed rice, salad, pickles and miso soup. For both dishes, the meats are glazed with a special homemade sauce that packs an irresistible umami punch.

Both the Kalbi Don Set and Stamina Teishoku will be available at all Aburi-EN stores from April to July 2021.

An advocate of sustainable food production and better food security

The NEXT Kalbi is one of Next Meats' innovative offerings, which includes other plant-based delicacies such as the NEXT burger and NEXT gyudon (beef bowl). The company champions the importance of saving the planet and humanity through reducing the emission of greenhouse gases (which is produced from meat consumption and animal agriculture) and utilizing biotechnology to combat protein deficiency.

Through extensive research and development, Next Meats has culminated the knowhow on using molecular binding to mould vegetable proteins from powder. Buoyed by state-of-the-art, proprietary technologies, the company has successfully created vegan substitutes that replicate the texture of real meat.

About Next Meats

Hailing from Tokyo, Next Meats is a food-tech venture company that specialises in the research and development of Japanese-style alternative meat products. Its journey of product development began in 2017, and the company was officially established in 2020. Its portfolio of products includes plant-based burger patties, gyudon and yakiniku meats.

Social Media for Next Meats

Facebook: /nextmeats.singapore

Instagram: @nextmeats_singapore

Hashtags: #nextmeats #nextmeats_sg #japaneseplantbased


About Aburi-EN

Aburi-EN is Singapore's leading Japanese Grill restaurant chain, best known for delicious high quality grilled donburi bowls. Signature dishes include the Premium Buta Don with grilled chestnut-fed pork, Wagyu Karubi Don, and the Wagyu Stamina Don, made using A4/A5 Miyazaki Wagyu, which has won Japan's "National Wagyu Award" for 3 consecutive years, among many others. The homemade sauces give the meats and dishes an extra umami-ness. Aburi-EN is also known for affordable highballs and Japanese sours, which pair perfectly with the Aburi dishes.

Social Media for Aburi-EN

Facebook: /aburiensg

Instagram: @aburien.sg

Hashtags: #aburiensg #aburiendonburi #aburienjapanesegrill

Outlets

- Isetan Scotts:

350 Orchard Rd, #01-K1 Shaw House, Singapore 238868

- Causeway Point

1 Woodlands Square, #02-09B Causeway Point, Singapore 738099

- Jem

50 Jurong Gateway Rd, #01-04 Jem, Singapore 608549

- Vivo City

1 Harbourfront Walk, #01-159/160 VivoCity, Singapore 098585

- Novena Square

238 Thomson Rd, #01-89/90, Singapore 307683

- Guoco Tower

1 Wallich St, #B2 - 09, Singapore 078884

- Orchard Central

181 Orchard Central, Central, #01-16 Orchard, 238896

- Suntec City

3 Temasek Blvd, #B1-121 Suntec City Mall, Singapore 038983

- Nex

23 Serangoon Central, #01-63/64/65 Nex, Singapore 556083

Operating Hours

11am – 10pm, Daily

Lagos is the Third Most Expensive City in Africa – Report - Brand Spur
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