What are the fastest growing cities of the future?
Within this century, as Africa’s population expands faster than anywhere else, Kinshasa, capital of the Democratic Republic of Congo (DRC), and Lagos, Nigeria's commercial hub, are destined to become the first cities with over 80 million people, according to the International Institute of Environment & Development.
Currently the world’s seventh biggest nation, Nigeria will overtake the USA by 2050 to become the largest after India and China, and exceed 900 million people by the end of the century, the UN says.
Along with its population explosion, DRC has become one of the most important countries for the components of new technology as the world’s largest source of cobalt and one of the biggest copper producers.
We believe such resource and human capital must ultimately be reflected in the growth of these economies. This is why we focus so much of our attention on understanding the opportunity for impactful investment in Nigeria, DRC and more broadly in sub-Saharan Africa.
Nigeria is our single biggest focus for research and media content, reflecting the opportunity we see for investment and unparalleled social impact.
One example is the compelling case for investment to address Nigeria's critical healthcare infrastructure deficit.
Our recent sector research report sets out the challenges and opportunity:
Our report prompted several media articles including a thought leadership piece on CNBC:
Along with healthcare and education, we work across multiple industries, from smallholder farming and micro-lending, to large-scale energy infrastructure.
For all its challenges, Nigeria is the No. 1 investment destination in New Markets' Founder Gavin Serkin's book, Frontier: Exploring the Top Ten Emerging Markets of Tomorrow (Bloomberg/Wiley).
More information on our activities in Nigeria and DRC can be viewed on our Media, Intelligence, Events and Case Studies pages.