Shaping African cities
To Build|Volume 9 / Issue 3 - November 2019 - February 2020
Mixed-use real estate isn’t just taking South Africa by storm. Developments that combine residential, retail, commercial and office spaces are becoming increasingly popular in the rest of the continent – and for all the right reasons, says Nicholas Stopforth, managing director of Amdec Property Developments.
Shaping African cities

When it comes to economic growth, all eyes are on Africa. Data by the International Monetary Fund (IMF) for instance, shows that this continent accounts for four of the world’s top five fastest-growing economies, namely Ghana (8.8% growth in 2019), South Sudan (8.8%), Rwanda (7.8%), Ethiopia (7.7%) and Côte d’Ivoire (7.5%). (South Africa lags behind the group considerably at 1.2% - Ed.)

This, as well as increasing spending power, a rapid urbanization rate and Africa’s expanding working-age population – which according to the World Economic Forum will be larger than either China or India in 2034 – are transforming the continent’s cities profoundly.

Take Rwanda’s capital of Kigali, which according to the Eden Strategy Institute, has one of the world’s top 50 smart city governments. Not coincidentally, the city has become a mixed-use real estate hotspot as well.

Denne historien er fra Volume 9 / Issue 3 - November 2019 - February 2020-utgaven av To Build.

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Denne historien er fra Volume 9 / Issue 3 - November 2019 - February 2020-utgaven av To Build.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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