West African property stakeholders converged on Lagos to strategise and explore ways to remove bottlenecks from the commercial real estate sector in West Africa. The event was the 2023 West African Investment Property Summit. According to Head, Real Estate Finance of Stanbic IBTC, Akinmihan Tola, the real estate sector has been a resilient industry that has been impacted by a macroeconomic...
Africa
Experts in the real estate sector have spotlighted things and actions governments at the federal and state levels should do to revision the country’s built environment for the benefit of the people and economy. The experts who spoke at the 2nd Biennial Corporate Governance Enterprise Development Conference organised by Centre for Enterprise Governance in Lagos recently, noted that developing the...
The UN Economic Commission for Africa (ECA) Sub-regional Offices for North and West Africa are holding, in partnership with the Government of Ghana, the second Joint Intergovernmental Committee of Senior Officials and Experts (ICSOE) for North and West Africa on 1-3 November 2023 in Accra, Ghana. This year’s edition of the ICSOE focuses on the theme: "Investing in the Energy Transition, Food Security,...
Real estate and construction companies operating in Nigeria have managed to secure loans amounting to N2.26 trillion within an eight-month period. These borrowed funds from various banks have been instrumental in expanding their service capabilities within the sector. According to PUNCH, these loans, procured between November 2022 and June 2023, have exhibited significant growth, surging from N1.90...
The biggest celebration of African lifestyle and property outside of the continent is back in London for its 7th year and will also take place in Accra, Ghana, this year, for the very first time. The Ghana Property & Lifestyle Expo (GPLE), the brainchild of real estate powerhouse duo Anna and Victoria Agyekum and founders of On Point Property Management Ltd, will take place in London at the Pestana...
Africa often flies under the radar for investors, but it's a promising frontier for those looking to make impressive returns on their investments. In today's investment landscape, it stands out as a unique opportunity. The continent's economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as...
Global sovereign investments in Africa, such as the UK's $2 billion commitment to sustainable projects and the US's $200 billion through the Partnership for Global Infrastructure and Investment (PGII) initiative, are set to have a significant impact on the continent's real estate sector, according to global real estate consultancy Knight Frank. Knight Frank Africa report observed that over the past...
Real estate experts have cautioned investors to take 'careful consideration' of cultural, regulatory and tax matters in the region before sinking billions in the sector. This, they said, will help investors to proactively structure their investment. The remarks were made during a meeting between TARRA Agility Africa, a boutique international tax, legal and accounting advisory firm, and the Kenya...
Libi Homes commences new apartment project, The Milton at Airport Residential Area in Accra. The estate developer has three development projects in the pipeline and The Milton condominium located in the heart of Airport Residential Area in Accra, is garnering much interest in Ghana and across the African Diaspora. Ownership assures investors circa 15% in annual yields for year-round...
Beneficial Ownership (BO) refers to the individuals who ultimately own or control a company, asset, or property, even if their names do not appear on official documentation. This information is crucial for preventing money laundering, as it helps identify potential risks and ensures transparency in financial transactions. Beneficial ownership transparency and in particular beneficial ownership registers...