- 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).
And Finally...
- 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.
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