African outlook: Modest rebound expected
We explore some of the new investment opportunities that are emerging in sub-Saharan African real estate markets
Sub-Saharan Africa, in particular oil exporting countries, has experienced significant headwinds during the past 18-24 months. However, GDP growth for sub-Saharan Africa is anticipated to rebound from an average 1.5% in 2016 to around 2.5% in 2017 on the back of a modest recovery in commodity prices, stable oil prices, positive economic interventions, political reforms and rebalancing of foreign exchange. Angola and Nigeria are predicted to grow at 0.7% and 1.7% respectively. Economies of countries less reliant on oil and commodities such as Côte d’Ivoire, Kenya, Ethiopia, Rwanda and Tanzania are set to continue to grow at a robust pace (in excess of 5% in 2017) on the back of buoyant private consumption, stable currencies, infrastructure investment and improved business environments.Some of the new investment opportunities that are emerging in sub-Saharan African real estate markets include the following: Premium student accommodation primarily remains a dormant asset class in most...
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