Angola’s capital, Luanda, ranked 2nd most expensive city worldwide

 

Angola’s capital Luanda has been ranked as Africa’s most expensive city and the second most expensive city to live in worldwide, losing the first spot it held initially, to Hong Kong.
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Luanda lies on Africa’s west coast, and accommodates about six million residents.
The city’s high cost of living can be put down to the massive infrastructural investments taking place in response to the relentless domestic product growth from mining operations.

Ranking of the world’s most expensive cities to live in was conducted by the investment consultancy firm Mercer as part of its annual Cost of Living Survey.
Other African cities that ranked highly in the survey are; Kinshasa (6), N’Djamena (9), Lagos (13), Victoria (16).