Browsing: Africa investments

An apartment complex. In East Africa, the luxury housing market as well as office supply could have reached saturation but there is more that needs to be done to uplift all people by providing quality and affordable housing. www.theexchange.africa
  • There are alternatives to direct investment in real estate that are just as lucrative while minimizing risk
  • RELPs enable individuals to invest in a diversified portfolio of real estate assets
  • The benefit of a RE mutual fund is that it offers flexibility to the individual or retail investor

Conventionally speaking the traditional avenue of investing in real estate is to pay cash for it if you have the resources or to save money for the down payment and then raise the difference in purchase price through a mortgage from a bank or financial institution.

This is because of the high unit value of holding property in your portfolio.

One of the features that make the property unique as an investment is that it has a high unit value in comparison to other investments.

Read: Cash-strapped KQ and South Africa Airways partner to revive fortunes

A nominal amount like ZWL$1,000.00 can…

  • Capitec has seen its customer numbers swell exponentially to at least 16 million customers currently
  • Capitec's customers are approximately the same size as the population of Zimbabwe
  • Capitec’s success is attributable largely to the leadership of one man Stassen and the support of his team

Whenever people examine the origins of Capitec Bank, most people tend to celebrate Michiel Le Roux.

That is a fact.

Capitec would be unknown if it were not for the participation of this titan of the banking industry. However, there is another founder whose name tends to be missed when it comes to the celebration of the success of this banking franchise. That name is Riaan Stassen. He is one of the founders and was the bank’s chief executive and retired in 2019.

Read: Back from the dead: The story of Arcelor Mittal South Africa

Capitec is a very successful bank. It has the financial…

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” said Akinwumi Adesina, the President of the African Development Bank during the 2020 African Economic Outlook.

According to the 2020 African Economic Outlook, Africa’s economies are growing well, higher than the global average. The report anticipated a steady rise in growth in Africa from 3.4% in 2019 to 3.9% in 2020 and 4.1% in 2021.

According to the report, these figures do not give all the details. Because across the continent, the poor are not seeing the benefits of strong growth. Comparatively, few African countries posted substantial declines in extreme poverty and inequality, which remain higher compared to other regions in the world.

The report also revealed only 18 of 48 African countries with data, had inclusive growth.

Also Read: African Development Bank approves $22m to Egypt

“Growth must …

The UK-Africa Investment Summit held on Monday saw attendance from dignitaries and delegates from 16 African countries, including President El Sisi of Egypt and Boris Johnson British Prime Minister.

During his opening speech, Prime Minister Johnson said “Look around the world today and you will swiftly see that the UK is not only the obvious partner of choice, we’re also very much the partner of today, of tomorrow and decades to come,”

He referred to Africa as a booming continent with “staggering levels of growth”

Also Read: Seven African climate-resilient projects get ACCF funding

This was the first UK-Africa Investment Summit hosted by the UK Government. It was attended by the foreign secretary, Dominic Raab, the international development secretary, Alok Sharma and Prince Harry.

A plenary panel discussion on ‘Sustainable Finance and Infrastructure – Unlocking the City of London and UK financial services for growth in Africa’ was discussed by …

There has never been a better time to invest in Africa, says South African President Cyril Ramaphosa.

He said the continent’s governments are committed to creating the necessary enabling environment for business to flourish. Calling on the investor community to “harness the climate of reform” sweeping the continent and “take advantage of its momentum,” he said: “there has never been a better time to invest in Africa”.

Ramaphosa was speaking at the Financial Times Africa Summit in London, where other speakers included former Liberian president Ellen Johnson Sirleaf.

The launch of the African Continental Free Trade Area will “bring together into a single market 54 nations of some 1.2 billion people and a combined GDP of over $3 trillion,” Ramaphosa said.

He compared its significance for Africa to the 1992 Maastricht Treaty which created “a new era of European cooperation and integration”. This follows the enabling African Continental Free Trade

Bottom and top hospitality investment markets in Africa as shared by Wayne Troughton of HTI Consulting.

According to Troughton, the hospitality sector continues to attract investments from both international and African investors.

“We are tracking investment from structured funds, predominantly from Europe and the Middle East; an increasing percentage of High Net Worth Individuals from Europe, Middle East, and Africa itself), Owner-operators that invest from Europe, Africa and the USA), as well as Family Offices Middle East, the UK, Europe, and SA.”

In East Africa the top hospitality investments markets are Kampala, Addis Ababa and Dar es Salaam with Nairobi and Kigali ranked at the bottom. Nairobi ranked at the bottom for oversupply while Kigali due to oversupply and limited demand.

Kampala

Troughton said Kampala is one of the next hubs for investments due to its limited branded supply and with the oil prices entering a recovery period; it …