SYS-CON MEDIA Authors: Carmen Gonzalez, Yeshim Deniz, Sean Houghton, Glenn Rossman, Ignacio M. Llorente

News Feed Item

Building the Last Frontier: The Infrastructure & Property Development Opportunities in Africa



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

Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: +357 22 849 313
Email: [email protected]




Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, 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. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...