At the frontier of growth
Many African countries remain challenging places in which to do business. The World Bank’s Doing Business survey, which ranks the regulatory environment for small and medium sized businesses globally, places 21 African countries among its bottom 30 in the world. However, improvements are being made in many countries, and the example of Rwanda is a beacon; having made a series of reforms to business regulations over the last decade, it now stands in the World Bank’s top 50, above some Western European countries.
Africa’s property markets require careful navigation, and international investors and businesses attracted by Africa’s recent progress need to look beyond the macro growth story, and understand the micro environment of individual markets. There are opportunities across Africa for the development of well-located, well-planned properties suited to local market demand. The need for high quality commercial and residential real estate will only increase as the economies of Sub-Saharan Africa grow in importance on the global stage.