Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Wednesday, April 27, 2016

Somali Diaspora Investment Survey

The International Fund for Agricultural Development (IFAD) commissioned Shuraako (a project of the One Earth Future Foundation) to conduct the Somali Diaspora Investment Survey. They released a summary of their findings on 21 April 2016. The project gathered information about the preferences and behaviors of the Somali diaspora toward existing channels and opportunities for Somali-based investments, and provided policy recommendations to better facilitate investment.

Monday, March 21, 2016

Africa Construction Trends Report 2015: Role of China

Deloitte has just published its Africa Construction Trends Report 2015.  The number of projects qualifying for inclusion in 2015 is 301, a 17 percent increase over 2014.

The report dispels some myths about the perceived overwhelming role of China in the construction of infrastructure in Africa.  International development finance institutions funded most of the projects in 2015 followed by African governments, an amalgamation of participation by individual countries, and then China on a stand-alone basis.  China is the owner of only one project but is involved in the funding of 13 projects (4 percent) and heavily present in the construction of 42 projects (15 percent). 

Monday, March 14, 2016

South Africa and Mauritius: Chinese Real Estate Activities

The Centre for Chinese Studies at Stellenbosch University published in February 2016 a study titled "Chinese Presence in Real Estate in South Africa and Mauritius" by Honita Cowaloosur.


The study assesses the impact of Chinese real estate activities on the socio-economic environment of Mauritius and South Africa. 

Saturday, June 20, 2015

Foreign Direct Investment in Africa 2015

Ernst and Young just published its Attractiveness Survey Africa 2015: Making Choices.  It contains a wealth of current information, primarily on foreign direct investment (FDI) in Africa.

In 2014, the number of new FDI projects in Africa fell 8.4 percent but remained well above 2008 levels.  Capital investment in Africa, however, surged to $128 billion, up 136 percent over 2013.  FDI investors returned enthusiastically to Egypt and Morocco and increased their projects in Ethiopia and Mozambique.  There were fewer projects in South Africa, Angola, Nigeria, Ghana, and Kenya.

There was a slight drop in the attractiveness of Africa for investment as a region.  Africa dropped from 2nd to 4th place in regional rankings after Oceania, North America, and Asia.  FDI in Africa has grown five fold since 2000 and is forecast to overtake  official development assistance (ODA) in 2015.  FDI is projected to reach just over $55 billion compared to just under $55 billion for ODA.  Portfolio investment is predicted to grow to $18 billion and remittances an astounding $65 billion.

Collectively, European investors began by far the largest number of FDI projects in Africa in 2014.  The United States was the largest single country investor, launching 101 FDI projects or almost 14 percent of all projects in Africa.  The UK and South Africa tied for second, the UAE was fourth, France fifth, and Germany sixth.  Although Chinese investment soared in 2014, it was only number 7 with the launching of 32 FDI projects valued at $6.1 billion and 4.4 percent of the total number of new projects.

Tuesday, December 17, 2013

African Construction Trends Report 2013

The private company Deloitte just released its "African Construction Trends Report 2013," which has some surprising conclusions concerning China's engagement in this field.  The report evaluates $222 billion invested in 322 African infrastructure projects that have a project value over $50 million and had broken ground by, but not yet been commissioned at, 1 June 2013.  The top sectors rated by investment value were energy and power, transport, mining, real estate and water, followed by gas and oil.

Based on this size and time-limited sample, the results are surprising in view of all the attention in recent years accorded to China's involvement in African infrastructure.  Europe/US stakeholders funded 15 percent of the projects and Chinese stakeholders funded 10 percent of the projects in the sample.  This still places China as the most important bilateral funding source, but not the overwhelming player that it is often said to be. European/US contractors built 37 percent of the projects and Chinese construction corporations built 12 percent, again a lower percentage than is often portrayed.