As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators.
In the wake of the revolution, one of the biggest issues facing the real estate business in Egypt is the question of access to, and ownership of, land. The legal background surrounding title to land can be unclear, partly due to the country’s history, which has seen Ottoman legislation overlaid with European legal codes, and a tradition in which...
Aided in part by the large domestic market, a spate of new industrial facilities, competitive labour costs and increasing urbanisation, the fundamentals of the Egyptian construction market look promising, although like many other sectors it has been suffering from a certain lack of confidence after the revolution of 2011.
As a result of the ongoing political unrest, the expansion of Egypt’s real estate sector has slowed considerably in recent years. Since demonstrations kicked off in early 2011, developers, investors and potential purchasers have postponed many deals, and, in some cases, cancelled projects outright. While uncertainty has continued to grow in some...
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