Addis Ababa is poised to transform into a major economic hub by 2035, driven by a new wave of strategic urban growth, according to The Rio Times. The publication highlights Addis Ababa’s evolving role in Africa’s urban landscape, alongside other emerging cities such as Brazzaville, Dar es Salaam, and Luanda, which are projected to join the ranks of the continent's key urban centers in the coming decades. While established megacities like Cairo, Lagos, and Johannesburg are expected to maintain their economic influence, the rise of these new urban powerhouses is reshaping the future of Africa's urban economy.
The Rio Times further details that Addis Ababa's economy is already distinguished as one of the most dynamic on the continent. According to projections, the Ethiopian capital is anticipated to experience sustained real GDP growth, with annual increases potentially approaching or surpassing double digits through to 2035. This forecast is driven by a combination of infrastructural development, investment inflows, and the city’s strategic importance as a political and economic hub in East Africa.
By 2035, over 50% of Africa’s population will reside in cities, signaling a monumental demographic shift. This rapid urbanization, while offering immense opportunities, also presents significant challenges, especially in terms of public services, infrastructure, and governance. Overcrowding, the expansion of informal settlements, and persistently high unemployment rates are among the key issues that could hinder the benefits of urban growth if not adequately addressed.
A recent report from the Economist Intelligence Unit (EIU) emphasizes the need for comprehensive planning and targeted investment to unlock the full potential of these emerging urban centers. The transformation of Addis Ababa and other mid-sized African cities marks a pivotal moment in the continent’s development trajectory. Strategic initiatives, such as public-private partnerships, investment in affordable housing, and the modernization of transportation and utilities, will be essential to ensure these cities thrive in the coming decades.
Urban planners and policymakers must also focus on sustainable growth, ensuring that the rise of these cities aligns with broader environmental and social goals. As Africa’s urbanization accelerates, Addis Ababa’s redevelopment journey could serve as a blueprint for other aspiring cities aiming to strike a balance between growth and inclusivity.