Tuesday, January 23, 2018

The “second scramble for Africa”.

With crime, corruption, conflict and  uncertainty as well as dismal employment figures, higher costs of living and the inevitable fallout of these, moods are generally grim across Africa.

Nevertheless, Africa, as we know, is very attractive to foreigners and demand for investment in African real estate is expected to reach a fever pitch in 2018, and beyond, API Events,  Africa’s leading provider of real estate development and investment conferences, said.

With macroeconomic indicators released by the International Monetary Fund in November 2017 pointing to a surge in real Gross Domestic Product (GDP) growth of 5 percent across 18 economies in sub-Saharan Africa, and the World Bank’s 2018 Economic Outlook predicting overall growth of 3,2 percent, demands for investment opportunities are increasing.  It becomes apparent that Africa’s sleeping ‘lion economies’ are waking up with Ghana predicted to grow at 8,9 percent, Cote d’Ivoire 7 percent and Senegal around 7 plus. Kenya and Mozambique are also predicted to grow substantially.


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