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Old March 19th, 2012, 04:42 PM   #1
Mintali
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Nairobi to become one of the fastest growing cities in the next four years

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BUSINESS NEWS
Nairobi to become one of fastest
growing cities globally
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Photo/FILE Aerial View of the city of
Nairobi, Kenya's capital city.
By MUTHOKI MUMO mmumo@
ke.nationmedia.ke
Posted Sunday, March 18 2012 at
19:04
Within the next four years, Nairobi will
be one of the fastest growing cities in
the world, a new study has revealed.
In a survey of the global
competitiveness of cities, the
Economist Intelligence Unit (EUI)
declared that if Nairobi maintains its
projected growth of 5.2 per cent, it
will be one of the 40 fastest-growing
cities in the world by 2016.
Dubbed Hot Spots: Benchmarking
Global City Competitiveness , the study
considered 120 cities around the
world.
Nairobi, like other cities in the
developing world, lagged behind
coming in at the 115th position for
overall competitiveness.
However, the city could climb up the
ranks in the coming years.
“With concomitant improvement in
some other aspects of
competitiveness — such as the quality
of infrastructure and the regulatory
environment — these cities could rise
up the Index rankings quickly,” reads
part of the report.
The cities surveyed in the research
commissioned by Citigroup represent
about 29 per cent of the global
economy and have a combined GDP
of $20.2 trillion.
EUI defined competitiveness as a city’s
ability to attract capital, business,
talent and visitors.
It measured this by considering 31
categories, including the business and
regulatory environment, the quality of
human capital and other cultural
aspects.
Despite the sombre overall ranking,
Nairobi beat some of the world’s
largest cities to come in at the 50th
position for the quality of human
capital.
Johannesburg was 53rd in this
category while Tokyo and Beijing
trailed in the 56th position.
As firms fight to attract highly-
educated and skilled workers, they
often choose new cities for growth on
the basis of the potential talent pool
and living conditions.
“We have been working very hard to
make the city conducive for big
companies and their employees.
Infrastructure projects are making the
city more livable and security has also
improved,” said Nairobi City Council
finance chairman, Mr Michael Oganda.
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Last edited by Mintali; March 19th, 2012 at 04:59 PM.
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Old March 19th, 2012, 04:48 PM   #2
Kenguy
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Why post this in the urban photography section?
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Old March 19th, 2012, 05:02 PM   #3
Mintali
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It can still be moved, I opened the wrong page by mistake.
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Old March 19th, 2012, 10:57 PM   #4
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I read this yesterday, and I thought it meant by population growth. Then this morning when I was reading Nation I poked in on the article again, and I thought what if they meant gdp growth? If they meant pop. growth then yes that's fast, but if they meant gdp growth that's not very fast for a city in the developing world.
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Old March 19th, 2012, 11:20 PM   #5
SUNS 25
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Nairobi, One of the most dynamic cities to the world? It is too much to say...
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Old March 27th, 2012, 06:02 AM   #6
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Originally Posted by SUNS 25 View Post
Nairobi, One of the most dynamic cities to the world? It is too much to say...
WHY??
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