Angola’s capital city of Luanda and Dar es Salaam, a city in Tanzania, are set to join Africa’s growing list of megacities as their respective economies continue to expand.
A megacity is defined by the United Nations (UN) as a metropolitan area with a total population of more than 10 million people.
According to Global market research company, Euromonitor International, African megacities will lead population growth. The market research provider believes that these developments are reflecting Africa’s position as the last major continent to undergo urbanisation.
In fact, the continent will account for the largest absolute rise in megacities over 2017 and 2030, adding Dar es Salaam and Luanda to the region’s current megacities of Cairo and Lagos.
Euromonitor recently released a new report, “Megacities: Developing Country Domination,” announcing that Jakarta will overtake Tokyo as the most populated megacity in the world by 2030.
“This will mark a new era in urban history, as Jakarta will be the first emerging city to hold the title of world’s largest megacity with 35.6 million inhabitants in 2030,” Euromonitor said in a statement.
The group added that Tokyo will lose the spot it had since the 1950s with a decrease of 2 million people, as an outcome of the ageing phenomenon observed in developed regions.
“Several other East-Asian cities are also affected by the ageing trend,” said Fransua Vytautas Razvadauskas, Senior City Analyst at Euromonitor International.
“Seoul will add 2.5 million inhabitants aged over 65 years between 2017-2030, followed by Shanghai with 2.2 million and Beijing, 1.8 million,” Razvadauskas explained.
While seven of the 10 largest megacities are set to be in Asia Pacific in 2030, the African region, experiencing growing urbanization, will account for the largest rise in megacities over 2017 to 2030. Six new megacities will emerge globally during the period between 2017 and 2030.
Euromonitor International’s data show that 15% of the world’s Gross Domestic Product (GDP) is expected to come from megacities, as 60% of the world population will become urban by 2030.
“Despite changes in the megacities landscape, key consumer markets of the future will still be located in developed megacities, guarantying higher incomes paired with more advanced housing, health care, and transportation infrastructures. Total disposable income of a developed megacity will be around five times larger than an emerging megacity in 2030,” Razvadauskas concluded.