|By ACN Newswire||
|April 29, 2014 04:31 AM EDT||
Kofi Smith of Consult Three Architects, a sponsor company at the marcus evans Infrastructure & Property Development MEA Summit 2014, discusses the development opportunities in Africa
LONDON, Apr 29, 2014 - (ACN Newswire) - "Africa is the last frontier - the very last - so it has very attractive growth prospects, yet many infrastructure and property investors are not capitalising on what it offers as they are too sceptical of the political landscape," says Kofi Smith, Managing Member, Consult Three Architects. Development profit margins can be anything between 100 - 200 per cent in some places, he adds.
Consult Three Architects is a sponsor company that will be present at the marcus evans Infrastructure & Property Development MEA Summit 2014, in Dubai, UAE.
- Why is the infrastructure and property development industry in Africa lagging behind?
The main issue is and will always be equity. Government agencies are not spending a lot of funds on building basic infrastructure thus delaying development processes, but a small portion of the market, the private sector, has been doing very well investing in real estate.
- As the last frontier, what opportunities does Africa offer?
The housing sector is very attractive due to economic growth and high influx of multinational companies. There is a huge demand for affordable housing and middle income housing, governments are spending millions of dollars on mixed use housing/retail developments. Rural retail developments have been a big area of focus in South Africa for example, as the country tries to rebuild previously disadvantaged communities to balance with that of urban areas.
- Which markets and sectors would you specifically point investors to? South Sudan and Congo Brazzaville needs to be rebuilt from scratch. Does it make them attractive for developers?
Ghana is really booming and politically stable. Most West African countries are stable, so there has been an influx of multinational companies. However, if you compare Ghana and South Africa, the cost to develop versus the cost of sale, you will find a big difference. In South Africa the profit margin of the typical middle-income housing development is around the region of 20 - 30 per cent - that would be considered successful. In Ghana, the profit margin can be between 100 - 200 per cent. Ghana does not have much of a credit system in place, but investors who go in liquid can make a lot of money. The market is very right for office and high-end housing developments. Retail is also doing well, but getting land in the right location costs a fortune. Demand is so high that it almost does not make the developments feasible.
South Sudan and Congo Brazzaville will need to be rebuilt from scratch, though South Sudan has not been so stable recently and we have been advised to put all investments on hold until it stabilises. I believe now is the perfect time for one to engage in opportunities in Congo Brazzaville as it has become very stable.
In East Africa, Rwanda is doing well economically, while Nigeria is saturated but also has major opportunities due to the population growth and demand.
- What local experience or knowledge is required?
Investors need to understand the terrain they want to enter. They must form local partnerships to understand each market better, avoid delays in various approvals and take advantage of the established networks they have in place.
This is where Consult Three Architects' value proposition lies, where we have established great networks of contacts and decision makers in specific regions to allow successful development opportunities
They must also understand the political landscape of the country and align themselves to new policies. For example, for the next 40 years, the South African government has decided to implement developments within specific areas of the economy.
About the Infrastructure & Property Development MEA Summit 2014
Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on performing a delicate balancing act by adopting a superior level of quality, sustainability and convenience within allocated budgets, and validating development plans to showcase the booming market and deliver profit-generating products.
For more information please send an email to [email protected] or visit the event website at www.ipdsummit.com/KofiSmithInterview
marcus evans group - property/engineering sector portal - http://www.marcusevans.com/reviews/engineering
Please note that the Summit is a closed business event and the number of participants strictly limited.
About Consult Three Architects
Consult Three Architects (C3) is an Architectural, Urban Design and Project Management Company based in South Africa. C3 is founded and composed of Architects and Project Managers with offices in most major centers of the country and with strategic associations continentally and internationally. C3 has the support of a large team of highly qualified and experienced professionals of diverse talents and considerable levels of management skills which we believe is the fundamental criteria for the successful delivery of every commission that they undertake.
At C3 we package real estate development opportunities throughout Africa through careful research, feasibility and viability and present to prospective investors for consideration. C3 commits itself to work in partnership with the right people from the outset to assess the scope of the project, address the risk, establish clear objectives and implement the strategy for achieving the defined objectives. www.consult3architects.co.za.
About marcus evans Summits
marcus evans Summits are high level business forums for the world's leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com.
- Twitter: www.twitter.com/meSummitsGlobal
- YouTube: www.youtube.com/user/MarcusEvansGroup
- SlideShare: www.slideshare.net/MarcusEvansSummits
Source: marcus evans Summits
Sarin Kouyoumdjian-Gurunlian Press Manager, marcus evans, Summits Division Tel: +357 22 849 313 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 26, 2017 05:45 PM EDT Reads: 2,406
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 26, 2017 05:45 PM EDT Reads: 665
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Apr. 26, 2017 05:45 PM EDT Reads: 2,251
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Apr. 26, 2017 05:30 PM EDT Reads: 2,139
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
Apr. 26, 2017 05:15 PM EDT Reads: 2,765
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Apr. 26, 2017 05:00 PM EDT Reads: 903
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”
Apr. 26, 2017 04:30 PM EDT Reads: 1,756
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 26, 2017 04:15 PM EDT Reads: 546
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Apr. 26, 2017 03:15 PM EDT Reads: 1,419
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 26, 2017 03:00 PM EDT Reads: 1,163
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing be...
Apr. 26, 2017 02:45 PM EDT Reads: 447
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 26, 2017 02:30 PM EDT Reads: 1,443
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Apr. 26, 2017 02:30 PM EDT Reads: 401
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Apr. 26, 2017 01:45 PM EDT Reads: 898
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
Apr. 26, 2017 01:45 PM EDT Reads: 2,371