Despite lower growth rates, the resilience across the African countries remains strong.
African cities are expanding with growth in the middle class, higher yields on property rentals, technological innovation and sustainability with a definite drive toward “green build”.
As Sub-Saharan Africa’s growth story unfolds, real estate investment opportunities are becoming progressively more fruitful for investors willing to engage in an African growth strategy. Real estate projects are increasingly contributing to the continents GDP as commercial property remains in demand.
Africa’s building blocks comprise of 54 distinct economies laden with investment opportunities. Despite the myriad of challenges, investors can prosper and help Sub-Saharan Africa deliver on its growth prospects with the right approach and planning. Africa’ slowdown has been sharply felt across the continent but mostly in the large oil driven commodity exporters. This has resulted in a shift towards economic diversification and countries in East Africa providing more economic stability than others. Growth in Sub-Saharan Africa decelerated to 3% in 2015, from 4.5% in 2014. Despite lower growth rates, the resilience across the African countries remains strong; prospects remain high with optimism not thwarted and that’s why The 16th Edition Design Mission Africa is happening.