Windhoek 'cheap' for expats

A new report indicates that Windhoek is one of the cheapest cities in Africa and the world.

05 July 2019 | Local News

Windhoek was ranked as one of the world's least expensive cities for expats working abroad, according to Mercer's 25th annual Cost of Living Survey.

Ranked 204 among 209 cities globally, Windhoek is not only one of the least expensive cities for expats in the world, but also in Africa.

The capital has moved 'down' eight points from 196 since last year's survey.

The survey found that a number of factors, including currency fluctuations, cost of inflation for goods and services, and volatility in accommodation prices, contribute to the overall cost of expatriate packages for employees on international assignments.

According to the report, N'Djamena, Chad takes the lead as the most expensive city in Africa.

Kinshasa in the Democratic Republic of Congo (22) is in second place in Africa, while Libreville in Gabon (24) is the next African city on the list, followed by Lagos in Nigeria (25).

Luanda in Angola (26) still remains in fifth place.

Meanwhile, the top 10 least expensive cities in Africa are Algiers in Algeria (184), Johannesburg in South Africa (185), Harare in Zimbabwe (188), and Gaborone in Botswana (189).

Also among the top 10 are Nouakchott in Mauritania (192), Blantyre in Malawi (193), Lusaka in Zambia (196), Windhoek in Namibia (204), Banjul in Gambia (204) and Tunis in Tunisia (209). “Contrary to the perception that the African market is very volatile, certain factors like currency fluctuations and housing costs contribute to varying Cost of Living differentials in developed economies,” said Yolanda Sedlmaier, the principal of Africa Mobility at Mercer.

“Each African country has its own unique economy and this is why multinationals need not approach their expatriate packages for Africa with one single strategy. Let's look at it this way, a city like N'Djamena in Chad has been listed as the 11th most expensive city in the world, whereas Mali comes in at the 124th position in terms of cost of living,” Sedlmaier, added.

According to the survey, eight out of the top 10 of the world's most expensive cities for expatriates are Asian cities, resulting from high costs for expatriate consumer goods and a dynamic housing market.

Tokyo (2), Singapore (3) and Seoul (4) top the list, while the costliest city in the world for the second consecutive year is Hong Kong (1).

Other cities appearing in the top 10 are Zurich (5), Shanghai (6), Ashgabat in Turkmenistan (7), Beijing (8), New York City (9), and Shenzhen (10). The world's least expensive cities for expatriates are Tunis (209), Tashkent in Uzbekistan (208), and Karachi (207).

Mercer's widely recognised survey is one of the world's most comprehensive, and is designed to help multinational companies and governments determine compensation allowances 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 500 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.

The figures for Mercer's cost of living and rental accommodation cost comparisons are derived from a survey conducted in March 2019.

Exchange rates from that time and Mercer's international basket of goods and services from its Cost of Living Survey were used as base measurements.

ELLANIE SMIT

Similar News

 

Onanime sand mining irks

5 hours ago | Local News

The community of Onanime village in the Oshana Region continues to demand an end to all sand mining at their village.The community says the Uukwambi...

Silence over Truter probe

5 hours ago | Local News

Namibia's second largest private employer, Pupkewitz Holdings, remains tight-lipped regarding the suspension of its CEO, Dougie Truter (52).Roughly three weeks after a South African legal...

Namibia can only be changed by Jesus

15 hours ago | Local News

Barely a fortnight after he was told to repent during the Swakopmund town hall meeting, President Hage Geingob found himself confessing his sins this morning...

Renewed plea for 2% donation

3 days ago - 19 July 2019 | Local News

A public notice signed by secretary to the cabinet George Simataa, dated for Thursday last week, makes a “humble appeal to all Namibians to donate...

Rundu surveys new extensions

3 days ago - 19 July 2019 | Local News

The Rundu town council plans to survey two new extensions in the Tuhingireni informal settlement for N$ 1 million, according to the head of town...

Confusion over squatters 'deal'

3 days ago - 19 July 2019 | Local News

The Rundu town council is planning to enter into a memorandum of understanding (MoU) with a group of illegal land occupants currently living at the...

//Karas boreholes to be rehabilitated

3 days ago - 19 July 2019 | Local News

The governor of the //Karas Region, Lucia Basson, said this week the government has identified 15 boreholes in her region to be rehabilitated under the...

Facelift for national archives

3 days ago - 19 July 2019 | Local News

The building housing the National Library and National Archives in Windhoek is being renovated at a cost of N$18.5 million.Work began this month and is...

Elelo lyaRundu lya yi metsokumwe noonakwiikuthila evi

3 days ago - 19 July 2019 | Local News

Elelo lyondoolopa yaRundu olya yi metsokumwe uvathano noonakwiikuthila evi shaaheli paveta molukalwa lwaTumweneni popepi nondjila yaCuma.Shoka osha hololwa kombaapila ndjoka ya monika koNamibian Sun ya...

EVM 'hacking challenge' postponed

4 days ago - 18 July 2019 | Local News

The Electoral Commission of Namibia (ECN) has postponed its scheduled “hacking challenge” of the electronic voter machines (EVMs) to allow political parties sufficient time to...

Latest News

Namibia gets more Welsh help

5 hours ago | Sports

JESSE JACKSON KAURAISA The Namibia Rugby Union (NRU) has acquired the services of Welsh Premiership boss Dale McIntosh to assist his counterpart Phil Davies with...

ACC probes Omuthiya

5 hours ago | Government

The Anti-Corruption Commission (ACC) is investigating alleged corrupt practices at the Omuthiya town council after some Swapo members laid complaints against their representatives.Swapo Party political...

Governor's advisor causes scandal in...

5 hours ago | Government

The governor for the Oshana Region, Elia Irimari, reportedly sent his special advisor, Michael Mwinga, home from an official visit to Angola for allegedly causing...

We have guaranteed poverty

5 hours ago | Opinion

More than 10 years ago there was concern over the growing numbers of orphans and vulnerable children in the country. During the time of Nangolo...

Shikongo calls for more support

5 hours ago | Sports

Debmarine Namibia chief executive Otto Shikongo has called on corporate private entities and parastatals to join the government in order to develop the youth in...

Big ups to Debmarine Namibia

5 hours ago | Sports

JESSE JACKSON KAURAISA I pen this with sincere gratitude towards Debmarine Namibia for sponsoring the financially struggling school sports fraternity.It...

Renewed plea for 2% donation

5 hours ago | Disasters

A public notice signed by cabinet secretary George Simataa, dated Thursday last week, makes a “humble appeal to all Namibians to donate up to 2%...

N$60k robbed from Ondangwa businesswoman...

5 hours ago | Crime

No arrest or recovery has been made in connection with a N$60 000 robbery at Ondangwa on Monday morning.The police in the Oshana Region reported...

Media get lukewarm scorecard

5 hours ago | Business

A home-grown analysis of the Namibian media landscape has identified a number of issues that detract from quality journalism and trust in the media. Among...

Load More