When you are out of Africa, you may think it is a country. Even with all the geography, many people know very little about the African continent. Yes, Africa is a continent with over 50 states and about a billion people. Surprisingly, the cost of living can be very high in some places all standards taken into consideration. That was the 2011 Mercer report revealed when it did its survey of over 200 countries in a bid to help multinational companies negotiate better compensation packages for their workers.
This is the metropolitan capital of Angola a former Portuguese colony. In the recent years, the country has noticed rapid growth especially with the boom in its oil sector. After huge discoveries of oil were made in the country, the country suddenly became the destination for most multinational oil companies. Today, the city is not only the most expensive in Africa but also in the world. The cost of renting a two bed room flat in this city is higher than renting the same flat is New york
This landlocked company also became a name to reckon with in the oil sector after huge onshore deposits were found in the country. The country mainly depends on Cameroon to have access to the coast and for exports of its crude. Today, the nation is rich and this is reflected in the high cost of living in the capital D’jamena. One of the reasons for the high cost of living is also the fact that the-people are not really into agriculture and have to depend on neighbouring countries like Cameroon for food.
Gabon has been enjoying the fallouts from the oil sector for many years. Being a country with a small population, the GDP per capita is high and so too is the cost of living. The main problem with living in Gabon is the fact that food can be terribly expensive. The locals are not interested in agriculture and they all depend on Cameroon for their food. Also taking a cab in Gabon is very expensive compared to what happens in its neighbours.
Victoria is another African city that is expensive to live in as an expatriate. As more foreign workers are brought in to work in the different sectors of the economy, prices have been on a steady rise. Today the cost of living is very high by world standards surpassing the likes of South Africa. The cost of renting a house and the cost of transportation are some of the things that make living in Victoria expensive
If you had to compare the cost of living in Johannesburg to that of living in Niamey, you will find that the cost of living in Niamey is at least 8% higher. This is mainly due to the high cost of food and other basic amenities. This country’s economy is mainly based on agriculture with the majority of the country’s population working in the agriculture industry.