Buoyed by demographic and economic growth, Nigeria’s construction sector has the potential to become the largest and most competitive on the continent. In all areas of the sector, from basic infrastructure to privately developed real estate, pressure from demand is rising. This has already attracted several players to the market, and the number of...
One of the biggest opportunities and challenges for the construction sector over the next decade will be the provision of affordable housing to a rapidly growing and changing population. While the government’s main focus in the short term is on infrastructure development, in the medium to long term housing is likely to become the most pressing issue...
Overall strong economic growth in Nigeria has driven expansion of the real estate sector, which is expected to continue on its upward trend in coming years in line with the country’s rising GDP. The residential and retail segments in particular are set to grow due to rising consumer demand from Nigeria’s increasing population. However, whilst its...
With a rich endowment of natural resources and an entrepreneurial mindset, Anambra State is becoming an economic model for the rest of the country. In a region known for dominant oil operations and related security challenges, Anambra State has kept on a steady course towards economic diversification over the course of the last few years.
Private equity has rapidly developed as an alternate source of funding across Africa, and Nigeria, as a risky but often undervalued market, is no exception. Although development finance institutions have long dominated private equity projects on the continent, an increasing number of private funds, both foreign and domestic are active, attracted in...
Globally, the process of urbanisation is undeniable and irreversible, and the phenomenon has had a particularly acute impact on Cairo, Egypt’s capital, as well as on the continent as a whole. According to the UN’s “State of African Cities 2010” report, the number of people in Africa’s urban areas will increase threefold over the next four decades,...
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