10 richest cities in Africa for 2026

As Africa continues to emerge as a global economic powerhouse, the landscape of wealth is shifting. From the tech hubs of West Africa to the established financial districts of the South, certain cities are becoming magnets for High-Net-Worth Individuals (HNWIs). Following our popular report on the Top 10 Richest African Countries, we dive into the urban centres driving this growth.

1. Johannesburg, South Africa

Still the "City of Gold", Johannesburg remains the wealthiest city on the continent. It is home to the largest number of millionaires in Africa, primarily driven by its robust financial services, professional firms, and the Johannesburg Stock Exchange (JSE).

2. Cairo, Egypt

Cairo is a historical and modern wealth hub. With a significant number of billionaires, its wealth is anchored in diverse sectors, including telecommunications, real estate, and construction.

Also readGhana Cedi to Dollar Rate: BoG Rate for September 10

3. Cape Town, South Africa

Known for having the highest property prices in Africa, Cape Town is a global destination for luxury living. It attracts "lifestyle" millionaires and has a thriving tech and tourism sector.

4. Lagos, Nigeria

As the commercial heartbeat of Africa’s largest economy, Lagos is a powerhouse for the entertainment (Nollywood), oil and gas, and burgeoning fintech industries. Despite currency fluctuations, it remains a critical hub for African billionaires.

Also readBank of Ghana lists 20 unlicensed loan apps – see full list

5. Nairobi, Kenya

The "Silicon Savannah" continues its upward trajectory. Nairobi's wealth is increasingly driven by its tech ecosystem, financial services, and its role as a regional hub for multinational corporations.

6. Pretoria, South Africa

As the administrative capital, Pretoria hosts a significant number of HNWIs involved in government-adjacent industries, manufacturing, and global diplomacy.

7. Casablanca, Morocco

Casablanca is North Africa’s premier financial hub. Its strategic location and world-class port make it a centre for trade, finance, and industrial manufacturing.

Also readGhana Cedi to Dollar Rate: BoG Rate for September 9

8. Luanda, Angola

Benefiting from vast natural resources, Luanda has seen a concentration of wealth in the hands of entrepreneurs in the oil, gas, and diamond sectors.

9. Tangier, Morocco

One of the fastest-growing cities in Africa, Tangier has transformed into a major industrial and logistics hub, attracting significant foreign investment and luxury tourism.

10. Accra, Ghana

Rounding out the top ten is our very own Accra. As Ghana manages its recent economic shifts, including rising fuel prices and financial sector adjustments, Accra remains a stable and attractive destination for West African wealth, particularly in the gold and cocoa trade.