British Financial services Institution: Africa Bridge Capital Management UK | partnered with LSEG :The London Stock Exchange Investment banking WS| Ebury UK owned by Santander Bank | Global banking partner Bank of China
Africa's real estate sector has experienced significant growth from 2023 to 2024, driven by urbanisation, population growth, and economic development. The sector has attracted substantial investment, with funding directed towards residential, industrial and commercial projects. Countries like Nigeria, Kenya, South Africa, and Ghana are among the African countries that attract most capital, both focused on early-stage and large-scale investments. For instance, in 2023, Nigerian prop-tech startup HouseAfrica raised US$400k funding round while Bora Africa, an investment vehicle focused on industrial properties in Kenya and Mozambique, got a US$30 million loan from the International Finance Corporation (IFC) for expansion. The industry faces several long-standing challenges including fluctuating currencies, high interest rates, and political instability that deter investment. Microfinance and alternative funding models are emerging, but they are not yet widespread. Despite these headwinds, basic fundamentals - such as high levels or urbanisation, increasing demand and a growing variety of financing solutions - will continue to keep this sector top of mind to investors. ref : Asoko https://lnkd.in/gqeFh-T
