Africa

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...

Operators in the real estate sector say most firms have reduced their cost of operations considerably in a bid to survive rising economic crisis in the country which has slowed developments. The situation, according to the firms, is such that most of them have taken into consideration costs arising from fuel price hikes and inflation which have impacted businesses negatively. “If we were spending...

There has been a rejuvenated global interest into African real estate after two years of the Covid-19 pandemic. This is according to the Knight Frank Africa Horizons 2023-24 Report, which has a comprehensive analysis of Africa’s remarkable recovery following the prolonged aftermath of the pandemic. The renewed interest is demonstrated by the recent engagement and substantial investment...

For real estate business in Nigeria in particular and Africa in general, a new dawn is here as Adeniji Adele, the newly elected president of the International Real Estate Federation (FIABCI), Africa and Near East Region, has assured both the sector and the players. Adele, former president of FIABCI Nigeria, was elected president for the Africa and Near East Region at the recently concluded 73rd FIABCI...

Though the real estate sector is growing in Nigeria with significant growth to GDP, the growth does not represent the large size of the country’s market where demand and supply imbalance is huge due to challenges that include lack of good policies and coordinated leadership. For the sector to grow optimally and close the yawning gap in the market estimated at 20 million units, there is need for a...

Investment in real estate is believed to always be safe and profitable. But the current global economic downturn may question the conventional wisdom. Scepticism about investing in Nigerian and even the global housing industry could be driven by a sense of political uncertainty, technology trends and economic recession. Modern real estate development remains in its infancy in Nigeria, regardless of...