Nairobi rises to become Africa’s most expensive city Mugambi Mutegi
Publication details: Nairobi Nation Media Group Ltd 2014Description: p. Business Daily ( March 6th, 2014)Subject(s): Online resources: Summary: - Rapid increase in consumer good prices linked to new taxation measures propelled the Kenyan capital to the top spot on the continent, ahead of Côte d’Ivoire’s Abidjan, says London-based Economist Intelligence Unit (EIU). - EIU says a slight steadying of the exchange rate helped Nairobi to improve its global ranking from last year’s position 72 to 73 in 2014.
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- Rapid increase in consumer good prices linked to new taxation measures propelled the Kenyan capital to the top spot on the continent, ahead of Côte d’Ivoire’s Abidjan, says London-based Economist Intelligence Unit (EIU).
- EIU says a slight steadying of the exchange rate helped Nairobi to improve its global ranking from last year’s position 72 to 73 in 2014.
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