ADVERTISEMENT
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy
DGovScoops
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
DGovScoops
No Result
View All Result
Home Business

Lagos, Victoria and N’djamena are Africa’s most expensive cities for expatriates, Mercer survey

dgovscoops by dgovscoops
June 16, 2020
in Business, Latest News, Lifestyle, World
0 0
0
Zamfara Governor, Matawalle, Resumes Peace Deal With Bandits A Week After 10 Persons Were Killed
0
SHARES
78
VIEWS
Share on FacebookShare on Twitter
">
ADVERTISEMENT

Lagos, Victoria and N’djamena are Africa’s most expensive cities for expatriates, Mercer survey
……. By Emesakoru Enifome

According to Mercer’s 2020 Cost of Living Survey, majority of African countries have risen in ranking in terms of expenses and cost of living for expatriates.

This year, Victoria, Seychelles (14) takes the lead as the most expensive city in Africa while Ndjamena, Chad (15), dropped four places from last year’s ranking as the most expensive city. Tunis in Tunisia (209) again ranks as the least expensive city in the region and globally.

In comparison with last year’s report, Lagos, Nigeria (18) rose seven places due to high cost for rent and high prices for groceries, followed by Kinshasa, the Dem. Rep. of Congo (24) which dropped two places. Accra, Ghana moved from 63 to 57, while Nairobi, Kenya, moved from 97 to 95 and Casablanca, Morocco moved from 128 to 121. Luanda, Angola (115) dropped significantly, moving from 26 in 2019 to 115, this year.

“COVID-19 pandemic has created social and economic disruptions across the globe and Africa has not been an exception. We’re seeing a significant increase in the cost of living across cities and it’s important for organizations to reassess their mobility programs with a focus on the wellbeing of their employees,” said Didintle Kwape, Associate, Career Products at Mercer Africa.

Mercer’s 26th Cost of Living Survey finds that specific factors such as currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, are essential to determining the cost of expatriate packages for employees on international assignments.

According to the survey, Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from ninth place.

Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Shanghai (7), Bern (8), Geneva (9), and Beijing (10). The world’s least expensive cities for expatriates, according to Mercer’s survey, are Tunis (209), Windhoek (208), Tashkent and Bishkek, which tied to rank 206.

“The COVID-19 pandemic reminds us that sending and keeping employees on international assignments is a huge responsibility and a difficult task to manage,” said Ilya Bonic, Career President and Head of Mercer Strategy. “Rather than bet on a dramatic resurgence of mobility, organizations should prepare for the redeployment of their mobile workforces, leading with empathy and understanding that not all expatriates will be ready or willing to go abroad.”

Mercer’s widely recognized survey is one of the world’s most comprehensive, and is designed to help multinational companies and governments determine compensation strategies for their expatriate employees. New York City is used as the base city for all comparisons and currency movements are measured against the US dollar. The survey includes over 400 cities throughout the world; this year’s ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment

Share this:

  • Twitter
  • Facebook
  • WhatsApp
  • LinkedIn
  • Telegram
  • Print

Related

">
  • Trending
  • Comments
  • Latest
BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

January 13, 2021
Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

August 28, 2020
An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

July 29, 2020

Breaking News: Isanlu Robbery: Police Arrests Suspects

June 18, 2020
Publisher’s Comment

Publisher’s Comment

2
Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

1
COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

1
Governors reject Buhari’s order on state legislature, judiciary

Governors reject Buhari’s order on state legislature, judiciary

1
Femi Adesina: Nigerians Lucky To Have President Like Buhari

OPINION: AND GOD DECIDED TO SHOW UP BY FEMI ADESINA

May 27, 2022
2023: Peter Obi Dumps PDP

2023: Peter Obi Dumps PDP

May 25, 2022
Breaking News: FG Extends Sim Card NIN Registration

“NCC Committed to Promoting Organizational Efficiency, Capacity Building” – Danbatta

May 25, 2022
I Stayed Back In Dubai For Three Months When Tonto Dike Was Arrested With Marijuana‐Bobrisky

I Stayed Back In Dubai For Three Months When Tonto Dike Was Arrested With Marijuana‐Bobrisky

May 24, 2022

Recent News

Femi Adesina: Nigerians Lucky To Have President Like Buhari

OPINION: AND GOD DECIDED TO SHOW UP BY FEMI ADESINA

May 27, 2022
2023: Peter Obi Dumps PDP

2023: Peter Obi Dumps PDP

May 25, 2022
Breaking News: FG Extends Sim Card NIN Registration

“NCC Committed to Promoting Organizational Efficiency, Capacity Building” – Danbatta

May 25, 2022
I Stayed Back In Dubai For Three Months When Tonto Dike Was Arrested With Marijuana‐Bobrisky

I Stayed Back In Dubai For Three Months When Tonto Dike Was Arrested With Marijuana‐Bobrisky

May 24, 2022
DGovScoops

Dear readers, welcome to the fresh soothing world of exclusive scoops from the No1 exclusive story merchants of the industry. We are poised to exercise our mandate as "watchdog of the society" with all sense of patriotism and responsibility.

Browse by Category

  • Articles
  • Brain Teasers
  • Breaking News
  • Business
  • Crime
  • Education
  • Entertainment
  • From The NGOs
  • Health
  • Latest News
  • Lifestyle
  • Music Gists
  • Nation
  • Nollywood Snippets
  • Politics
  • Romance
  • Special Report
  • Sports
  • Tech
  • US This Week
  • World

Recent News

Femi Adesina: Nigerians Lucky To Have President Like Buhari

OPINION: AND GOD DECIDED TO SHOW UP BY FEMI ADESINA

May 27, 2022
2023: Peter Obi Dumps PDP

2023: Peter Obi Dumps PDP

May 25, 2022
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
21