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[Kenya] Nairobi ranked most dynamic city in Africa

[Kenya] Nairobi ranked most dynamic city in Africa

Kenya’s capital Nairobi has been ranked the top most dynamic city in Africa and tenth in the world beating major cities including Los Angeles, Sydney, Dubai and New York, according to the JLL 2017 City Momentum Index.

The Index ranked Nairobi number ten in the globe. CMI index is used to identify change and highlight which cities or metropolitan areas may be best at positioning themselves to compete in the current ever-changing economic landscape. Innovation and technology was one of the determinants used to rank the cities, with the Kenya's capital city being, among those with established support and nurture technological changes. Environment and housing were other additional factors.

"With more than half the world's population currently living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities takes on great importance," noted Jeremy Kelly, JLL Director of Global Research. "The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly to each new wave of global change."

The top five cities according to the latest global index were Bangalore( India) followed by Hon Chi Minh(Vietnam), Silicon Valley( US), Shanghai( China) and Hyderabad( India). At number six was London(UK) , while Austin(US), Hanoi( Vietnam), and Boston(US) came seventh, eighth and ninth respectively.

"These cities are now becoming more tightly networked and most are outperforming their national economies. Whether new regional technology hubs such as Nairobi or established global gateways like London, these cities integrate change and technology into their DNA," adds the report.

A critical examination of the ranking of the top 30 cities show that more than half of them are from the Asia-Pacific region. Apart from Bangalore, India's tech centre, which took the number one spot, other five cities from the country were among the top 30. China on the other hand which has performed well in the past, had five of its cities among the 30 world's fastest-changing cities.

Technology continues to be a major driver of momentum in the world's 30 fastest-changing cities. These cities provide fertile environments for innovation and successfully integrate into global networks, often outperforming their national economies.

www.jll.com

 

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