An old vintage wood signboard with the text "welcome to N'djamena" hangs on a branch in N'djamena, Chad - Pic Credit: 123RF/luzitanija
Mercer has released its 26th annual Cost of Living Survey. It is one of the world’s most comprehensive list designed to help multinational companies and governments determine compensation strategies for their expatriate employees.
According to Mercer’s 2020 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates. The research was conducted in March 2020 just when the coronavirus pandemic had hit most parts of 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 survey also shows that the cost of goods and services shift with inflation and currency volatility making overseas assignment costs sometimes greater and sometimes smaller.
Career President and Head of Mercer Strategy, Ilya Bonic, said: “Border closings, flight interruptions, mandatory confinements, and other short-term disruptions have affected not only the cost of goods and services, but also the quality of living of assignees.”
Here are the 2020 most expensive cities in Africa:
The true face of Amenhotep III, the pharaoh who ruled ancient Egypt at its zenith…
Derrick Hayes is the founder of Big Dave’s Cheesesteaks, one of the fastest-growing businesses in…
After a challenging academic path, Ron Lewis Jr. is on track to graduate with a…
It has emerged that singer Beyoncé made sure Vice President Kamala Harris experienced the magic…
Two months ago, an attacker fatally stabbed 11-year-old Jayden Perkins as he attempted to defend…
Cardi B has spoken for the first time on the guilt she felt canceling her…
A'ja Wilson is one of the top women's basketball players and an athletic hero. Before…
Cur'Dericka Rice has made headlines after receiving nearly $1 million in scholarships from 13 universities.…
Authorities in Florida have brought charges against a woman accused of fatally beating her 4-year-old…
Harris Wolobah, the 14-year-old whose family said he died after suffering complications from eating a…
Authorities in Chamblee, Georgia, have arrested and charged a 28-year-old man who allegedly ejaculated on…
Manika Gamble recently made history as the first Black woman to complete a 155-mile, seven-day…
Meet Tiffany Rose Dean; she is the founder of Hollywood Hair Bar, a $45 million…
Lil Baby's music video shoot was marred by gunshots on Tuesday evening, leading to three…
Micaela Varlack is extremely upset that her daughter's hair was changed without her consent by…