A strong Case for Real Estate Investment in Africa

A strong Case for Real Estate Investment in Africa

LAGOS (Capital Markets in Africa) – Africa is experiencing the world’s fastest rate of urbanisation, with rapid growth in middle class populations in sub-Saharan cities driving demand for quality products and a modern shopping experience. While uncertainty and volatility have clouded the near term investment outlook for Africa, astute real estate investors with a longer term perspective recognise the continent’s potential based on positive demographics, urbanisation and growing personal incomes. The continent’s challenges have tended…

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Cities Face Tough Competition For Business Investment if they are not National Capitals

Cities Face Tough Competition For Business Investment if they are not National Capitals

LAGOS (Capital Markets in Africa) – Every city official knows that if you’re not running a global capital city, you’re going to have to work twice as hard to attract business investment. Being a second or third city might seem to be a handicap but it forces you to innovate, which can only be a good thing. Innovation doesn’t have to be difficult, though. Most city officials are looking for an epiphany that will bring…

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RICS: Increasing Confidence in South Africa Property Markets

RICS: Increasing Confidence in South Africa Property Markets

LAGOS (Capital Markets in Africa) – In the extensive travel that I do in my role I get to talk to professionals and market leaders right across the UK, Europe, Middle East and Africa. I also get to talk to governments and policy makers. What is very clear to me is that for all these parties the Royal Institution of Chartered Surveyors (RICS) name promises the consistent delivery of standards – bringing confidence to the…

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African Hotels and Resorts: Investors’ Hidden Treasures

African Hotels and Resorts: Investors’ Hidden Treasures

LAGOS (Capital Markets in Africa) – In 2015 the latest of the biannual reports by Hotel Partners Africa outlined the huge opportunity that was available for hotel investors in sub-Saharan Africa, echoing many earlier reports by a whole series of academic and professional luminaries. Everyone knows about Africa’s potential, created by the population explosion, the demographic profile of the population and the commodities “lottery win”. However, the shortage of hotel bedrooms provides one of the…

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Nigerian Property Crash Attracts Funds Looking Beyond Recession

LAGOS (Capital Markets in Africa) – A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession. Rents for residential and office property in the commercial capital Lagos have dropped by around 20 percent, year on year, due to a supply glut as projects planned prior to 2014, when oil prices started to fall, are now coming online. Investing…

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Nigeria Senates Reject Three-Year Spending Plan

LAGOS (Capital Markets in Africa) Nigeria’s Senate rejected the government’s spending plan for the next three years, less than a week after dismissing its $30 billion foreign-borrowing strategy on the grounds that the proposals lacked details. Budget and National Planning Minister Udo Udoma “is meeting with his fellow Senators today” on the matter, and will resubmit the 2017-19 spending framework with all details requested by Nov. 7, ministry spokesman James Akpandem said Friday by phone from the…

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Nigerian Senate rejects Buhari’s plan to borrow $30 billion abroad

Nigerian Senate rejects Buhari’s plan to borrow $30 billion abroad

LAGOS (Capital Markets in Africa) – Nigeria’s Senate rejected President Muhammadu Buhari’s plan for foreign borrowing of $30 billion through 2018 on technical grounds, without debating it. In a letter presented to the Senate last week, President Buhari said he planned to use $11.3 billion of the funds for government projects and programs and $10.7 billion for “special national infrastructure projects.” As a result, Buhari asked the Senate to immediately approve $575 million that the World Bank pledged in loans…

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