|By ACN Newswire||
|April 29, 2014 04:31 AM EDT||
Kofi Smith of Consult Three Architects, a sponsor company at the marcus evans Infrastructure & Property Development MEA Summit 2014, discusses the development opportunities in Africa
LONDON, Apr 29, 2014 - (ACN Newswire) - "Africa is the last frontier - the very last - so it has very attractive growth prospects, yet many infrastructure and property investors are not capitalising on what it offers as they are too sceptical of the political landscape," says Kofi Smith, Managing Member, Consult Three Architects. Development profit margins can be anything between 100 - 200 per cent in some places, he adds.
Consult Three Architects is a sponsor company that will be present at the marcus evans Infrastructure & Property Development MEA Summit 2014, in Dubai, UAE.
- Why is the infrastructure and property development industry in Africa lagging behind?
The main issue is and will always be equity. Government agencies are not spending a lot of funds on building basic infrastructure thus delaying development processes, but a small portion of the market, the private sector, has been doing very well investing in real estate.
- As the last frontier, what opportunities does Africa offer?
The housing sector is very attractive due to economic growth and high influx of multinational companies. There is a huge demand for affordable housing and middle income housing, governments are spending millions of dollars on mixed use housing/retail developments. Rural retail developments have been a big area of focus in South Africa for example, as the country tries to rebuild previously disadvantaged communities to balance with that of urban areas.
- Which markets and sectors would you specifically point investors to? South Sudan and Congo Brazzaville needs to be rebuilt from scratch. Does it make them attractive for developers?
Ghana is really booming and politically stable. Most West African countries are stable, so there has been an influx of multinational companies. However, if you compare Ghana and South Africa, the cost to develop versus the cost of sale, you will find a big difference. In South Africa the profit margin of the typical middle-income housing development is around the region of 20 - 30 per cent - that would be considered successful. In Ghana, the profit margin can be between 100 - 200 per cent. Ghana does not have much of a credit system in place, but investors who go in liquid can make a lot of money. The market is very right for office and high-end housing developments. Retail is also doing well, but getting land in the right location costs a fortune. Demand is so high that it almost does not make the developments feasible.
South Sudan and Congo Brazzaville will need to be rebuilt from scratch, though South Sudan has not been so stable recently and we have been advised to put all investments on hold until it stabilises. I believe now is the perfect time for one to engage in opportunities in Congo Brazzaville as it has become very stable.
In East Africa, Rwanda is doing well economically, while Nigeria is saturated but also has major opportunities due to the population growth and demand.
- What local experience or knowledge is required?
Investors need to understand the terrain they want to enter. They must form local partnerships to understand each market better, avoid delays in various approvals and take advantage of the established networks they have in place.
This is where Consult Three Architects' value proposition lies, where we have established great networks of contacts and decision makers in specific regions to allow successful development opportunities
They must also understand the political landscape of the country and align themselves to new policies. For example, for the next 40 years, the South African government has decided to implement developments within specific areas of the economy.
About the Infrastructure & Property Development MEA Summit 2014
Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on performing a delicate balancing act by adopting a superior level of quality, sustainability and convenience within allocated budgets, and validating development plans to showcase the booming market and deliver profit-generating products.
For more information please send an email to [email protected] or visit the event website at www.ipdsummit.com/KofiSmithInterview
marcus evans group - property/engineering sector portal - http://www.marcusevans.com/reviews/engineering
Please note that the Summit is a closed business event and the number of participants strictly limited.
About Consult Three Architects
Consult Three Architects (C3) is an Architectural, Urban Design and Project Management Company based in South Africa. C3 is founded and composed of Architects and Project Managers with offices in most major centers of the country and with strategic associations continentally and internationally. C3 has the support of a large team of highly qualified and experienced professionals of diverse talents and considerable levels of management skills which we believe is the fundamental criteria for the successful delivery of every commission that they undertake.
At C3 we package real estate development opportunities throughout Africa through careful research, feasibility and viability and present to prospective investors for consideration. C3 commits itself to work in partnership with the right people from the outset to assess the scope of the project, address the risk, establish clear objectives and implement the strategy for achieving the defined objectives. www.consult3architects.co.za.
About marcus evans Summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com.
- Twitter: www.twitter.com/meSummitsGlobal
- YouTube: www.youtube.com/user/MarcusEvansGroup
- SlideShare: www.slideshare.net/MarcusEvansSummits
Source: marcus evans Summits
Sarin Kouyoumdjian-Gurunlian Press Manager, marcus evans, Summits Division Tel: +357 22 849 313 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust...
May. 27, 2015 11:30 AM EDT Reads: 273
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal S...
May. 27, 2015 11:30 AM EDT Reads: 3,890
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enter...
May. 27, 2015 11:15 AM EDT Reads: 1,981
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
May. 27, 2015 11:00 AM EDT Reads: 6,592
SYS-CON Events announced today that EnterpriseDB (EDB), the leading worldwide provider of enterprise-class Postgres products and database compatibility solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. EDB is the largest provider of Postgres software and services that provides enterprise-class performance and scalability and the open source freedom to divert budget from more costly traditiona...
May. 27, 2015 11:00 AM EDT Reads: 1,523
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
May. 27, 2015 11:00 AM EDT Reads: 1,285
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue o...
May. 27, 2015 10:30 AM EDT Reads: 795
“We are strong believers in the DevOps movement and our staff has been doing DevOps for large enterprise environments for a number of years. The solution that we build is intended to allow DevOps teams to do security at the speed of DevOps," explained Justin Lundy, Founder & CTO of Evident.io, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 27, 2015 10:30 AM EDT Reads: 4,627
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
May. 27, 2015 10:30 AM EDT Reads: 5,158
There is no question that the cloud is where businesses want to host data. Until recently hypervisor virtualization was the most widely used method in cloud computing. Recently virtual containers have been gaining in popularity, and for good reason. In the debate between virtual machines and containers, the latter have been seen as the new kid on the block – and like other emerging technology have had some initial shortcomings. However, the container space has evolved drastically since coming on...
May. 27, 2015 10:15 AM EDT Reads: 1,259
Containers Expo Blog covers the world of containers, as this lightweight alternative to virtual machines enables developers to work with identical dev environments and stacks. Containers Expo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Bookmark Containers Expo Blog ▸ Here Follow new article posts on Twitter at @ContainersExpo
May. 27, 2015 10:00 AM EDT Reads: 899
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud en...
May. 27, 2015 10:00 AM EDT Reads: 1,794
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
May. 27, 2015 09:30 AM EDT Reads: 6,559
EMC Corporation on Tuesday announced it has entered into a definitive agreement to acquire privately held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workl...
May. 27, 2015 09:30 AM EDT Reads: 697
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 27, 2015 09:30 AM EDT Reads: 4,247