By Still Hardy
Published February 4, 2018
Demand for investment in African real estate is expected to reach an all time high in 2018 as the continent’s markets turn to growth after years of trying trading conditions.
This comes in the wake of favourable projections by both the International Monetary Fund (IMF) and the World Bank (WB), says API Events, a South Africa-based provider of real estate development and investment conferences.
While IMF’s macroeconomic indicators released in November 2017 point to a surge in real Gross Domestic Product (GDP) growth of 5% across 18 economies in sub-Saharan Africa, WB’s 2018 Economic Outlook predicts overall growth of 3.2%.
Africa’s sleeping ‘lion economies’ are waking up with Ghana predicted to grow at 8.9%, Ivory Coast 7% and Senegal around 7-plus %. Kenya and Mozambique are also predicted to grow substantially with the former completing its election cycle and the latter’s debt issues being resolved by the proactive leadership of its new president and the much-anticipated LNG Gas project now back online.
“In 2017, API Events provided valuable insight and actionable intelligence for our delegates and sponsors at our regional and national conferences, which were held in Kenya, Nigeria and Zambia. Our flagship continent-wide focussed API Summit in Johannesburg also continues to grow from strength to strength, and we look forward to an exciting and prosperous 2018 for the property industry,” says Kfir Rusin,Managing Director of API Events.
established nine years ago, API Events’ summits are fundamentally important to the property industry. As Broll Property Group’s head of sub-Saharan operations Leonard Michau comments, “As a Platinum sponsor for API Events’ conferences in 2017 and 2018, Broll continues to demonstrate its commitment to these events and their value. As advisors and consultants to investors and occupiers looking to enter new markets in the region, we are proud to be aligned with these industry leading summits, which attract a high calibre of delegates and speakers. The 2017 events provided us with the opportunity to foster new relationships; be exposed to pertinent discussions at the highest level, and refresh our focus on the African continent for 2018.”
API Events, that says its ‘Africa’s most renowned events in real estate investment and development … across the continent have become the ultimate meeting places for Africa’s property market to learn, network and most importantly to do deals’, says it focuses ‘on quality and technical content delivered by respected figures with global and African expertise within the industry.’
API Events says its API Awards ‘provide a platform for distinguished developers, suppliers and owners in the African real estate industry to showcase their best projects and services’.