Business Outlook Africa

Author name: Business Outlook Africa

Real Estate

Adewale Ajibade Urges Investors to Think Continental, Not Local, on Real Estate Diversification

Secretary General of the International Real Estate Federation (FIABCI) Nigerian Chapter , Adewale Ajibade, has stated that most of the challenges in the real estate industry which usually account for high property prices stem from the importation of building materials, the devaluation and volatility of the Naira, and high interest rates.

Speaking on Business Outlook Africa, Ajibade highlighted the country’s inability to manufacture the majority of its own building materials, coupled with the devaluation and volatility of the Naira against the dollar, as major factors behind the high cost of properties.

Real Estate

“Prices Are Not Going to Change Overnight…” — FIABCI Board Member on Real Estate Prices in Africa

Board Member and Past President of the Africa & Near East Region of the International Real Estate Federation (FIABCI), Adeniji Adele, has stated that the high prices of real estate properties in Nigeria and most African countries cannot change overnight, arguing that price changes depend on the efforts of government and the macroeconomic environment as a whole.

Real Estate

Lara Aloba Shares 5 Tips for Africans Looking to Invest in US and Canadian Real Estate Markets

Co-Founder of Aloba Alliance Real Estate, Lara Aloba, has outlined key considerations for Africans looking to invest in overseas real estate markets, particularly in the United States and Canada, stressing the need to have investments beyond borders, adding that the world has become a global village.

Speaking on Business Outlook, Aloba stressed the need for Africans to carry out proper market research and assessment, arguing that putting research before infusing capital will shield investors against potential shocks and unexpected risks.

News

President Mahama Reaffirms Ghana’s Non-Alignment Policy at FT Africa Summit in London

President John Dramani Mahama has reiterated that Ghana is open to partnerships with all nations across the world, irrespective of regional blocs or divides.

Speaking at the 13th Financial Times Africa Summit in London on Wednesday, President Mahama explained that the country has benefited well from its policy of non-alignment over the years, and will continue to pursue it, provided it offers fair and mutual benefits to the country.

Real Estate

FIABCI-Ghana Launched, JL Properties’ Dr. James Orleans-Lindsay Named Founding President

Founder and CEO of JL Properties ,Dr. James Condua Orleans-Lindsay has been inaugurated as the founding president of the Ghana Chapter of the International Real Estate Federation (FIABCI).

The launch attended by the Deputy Minister for Works, Housing and Water Resources, Gizela Tetteh-Agbotui, and Barbados’s High Commissioner to Ghana, among other dignitaries was held under the theme “Beyond the Individual,” marks a new chapter for Ghana’s built environment.

Banking & Finance

New Heritage Cedi Notes to Be More Accessible for Persons with Disabilities – BoG

Head of the Currency Management Department at the Bank of Ghana, Dominic Owusu, has stated that the upcoming Heritage Series banknotes, set to launch on November 3, have been designed with improved tactile features to make the currency more inclusive and accessible to persons with disabilities.

Speaking during an engagement with the Federation of Disability Organisations, Owusu said the Bank gave due consideration to the needs of persons with disabilities in developing the new notes, ensuring their needs are reflected in the design.

Economy

Dr. Theo Acheampong Defends Government’s GDP Projection Amid IMF’s Higher Forecast

Technical Advisor at the Ministry of Finance, Dr. Theo Acheampong, has stated that it is not necessary for Ghana to return to the international capital market at the moment.

Speaking on the sidelines of the IMF/World Bank Annual Meetings in Bangkok, Dr. Acheampong explained that market conditions typically determine whether it is necessary for government to access the market, and that government does not currently need to do so.