So, Nairobi has the highest spending growth
rate in the entertainment sector in Africa (according to a new survey released
by Price Waterhouse Coopers on Wednesday, covering 30 African cities). Good news for all you city bars and
restaurants. Kenya’s new middle class is
ready for a lot more nights out, apparently playing catch up with their
counterparts in the rest of the world.
More good news, Kenya ranks top destination
for foreign investment and in February this year was ranked Africa’s most intelligent
city and was the only African city to make the cut amongst the top 21 global
cities (according to the Intelligent Community Forum).
There are yet more $ millionaires in Kenya,
400 up from last year to a total of 8,764 individuals with assets worth over
one million $, excluding their primary residences. To put this into context,
Tanzania had 78 in dollar millionaires in 2014 and Uganda, 1,556.