Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
Have you ever wondered what kind of house do they live in? If asked to imagine the living places of these ultra-rich people, one is likely to imagine London, New York, Los Angeles, Zurich. There isn’t any possibility of you thinking about sub-Saharan Africa. How can rich people live in sub-Saharan Africa? This is indeed a mind-boggling question. The answer to this lies in the results achieved after a stark research work done. According to a report published by estate agents Knight Frank, the results are startling. A four-bedroom house in Luanda, the capital city of Angola, also known as the ‘heart of Angola’, will free you back from up to $20,000 per month. And at $150/month per square metre, the Angolan capital also has one of the world’s highest premium office rental rates in the world.
This report undeniably is sufficient enough to suggest that sub-Saharan Africa has some of the hottest property markets in the world, which consists of some of the most beautiful and premium properties. Let us take the choice of the Global Property Guide for instance, the Global Property Guide ranks Nairobi, the capital city of Kenya as the top city in sub-Saharan Africa to invest in, citing good rental yields and a landlord-friendly legal framework as the most attractive and key selling points.
This story of ultimate glory doesn’t ends here, well, according to the South Africa based First National Bank, Namibia got ranked in fourth place globally in 2012 in terms of the biggest housing price increase after Hong Kong, Dubai and Brazil. Meanwhile, the strategic hubs such as Nairobi, Lagos, Johannesburg, Cape Town and Dakar – continue to be some of the most sought and popular locations.
Property price booms is healthy indication that people are acquiring confidence in their economic prospects, and in Africa’s case, this is indeed true, at least when it comes to economic elites. After all, 13 of the 20 world’s fastest growing economies are forecast to be in Africa over the next five years. One of the primary reasons for price increase of properties is the rapid population growth and expansion. The population growth is growing rapidly in major African cities. According to the United Nations, the populations of Kampala, Dar es Salaam and Lusaka are projected to get more than double between 2010 and 2025.
Continue reading your story on the app
Continue reading your story in the magazine
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
Assistance Beyond Lines Of Credit
An interview with Mr. Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India.
Fostering Engineering And Workforce Development
The New Partnership for Africa’s Development (NEPAD)Agency, a technical agency of the African Union, which is the unification of the 55 countries of the African continent, and the Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organisation dedicated to advancing technology for the benefit of humanity, entered into a Memorandum of Understanding (MoU) on May 11th, 2017, the first of its type for IEEE within Africa.
Transform Africa Summit 2017 Africa's Time Is Now
“As technology drives mobility and connectivity in urbanized societies, African cities continuously seek to establish new infrastructure and city systems that will enable transition, and position them as global leaders and next generation cities,” – Dr. Hamadoun Touré - Executive Director, Smart Africa.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
Automobile Industry; The Growth Engine
Africa is now home to more than one billion people and nearly 40 percent of its population lives in urban areas and cities.
Akon Lighting Africa
Energy is a key input in the economic growth of the nation, in other words we could say there is relatively a close link between the availability of energy and future growth and prosperity of a nation.
National Cycle VStream Sport Windscreen for Honda Africa Twin
There are many ways to improve motorcycle rider comfort, covering everything from bar risers to footpegs. Having done almost all of them, I decided to switch out my stock windscreen to see if it made a difference, especially on long trips.
Africa Tries Free Trade
Economic nationalism has plagued Africa since decolonization. In 2021, that is set to change.
UN PASO HACIA ADELANTE EN EL SERVICIO
Desde sus inicios, servir a la humanidad es la misión y el valor central adoptado por la gran comisión de la Iglesia de Dios de la Profecía de Rongai-Tuala, Kenia.
Uncommon Dinosaurs
Southern Continents Reveal Uncommon Giants
ZOISITE
A Massive Mineral Marked by Christmas- Like Color and Appeal
Pittsburgh's August Wilson African American Cultural Center
LOCATED IN THE HEART of downtown Pittsburgh, on Liberty Avenue close to Union Station and the David Lawrence Convention Center, the sleek and elegant but unpretentious August Wilson African American Cultural Center (awaacc) cannot fail to capture the eye and the imagination of anybody who is visiting Pittsburgh or, for that matter, of anybody who lives in the city.
AFRICA
Bishop Stephen Masilela is the general presbyter for the COGOP in Africa. He is also a counselor and registered marriage officer and currently serves as president for Evangelical and Pentecostal churches in Africa. He holds a diploma in Personnel Management and Training (IPM) from Bible Training Institute and is enrolled with the Gordon Conwell/COGOP Leader of Leaders Master’s Degree program and the Extension School of Ministry of Swaziland College of Theology for a theology degree. He is married to Sibongile and they are blessed with three children.
NICOLE PATTON-TERRY READING RESEARCHER
Nicole Patton-Terry loves helping kids learn to read. She is associate director of the Florida Center for Reading Research at the Florida State University. Patton-Terry works on teams with researchers, students, teachers, designers, parents, and community members. Together they study reading and develop tools that help children read.
‘THE 24TH' IS A SOBERING HISTORY LESSON FOR TODAY
On Aug. 23, 1917, four months after the U.S. had entered World War I, the all-Black 3rd battalion of the U.S. Army’s 24th Infantry Regiment mutinied in Houston.
BEYONCÉ'S ‘BLACK IS KING' IS SUPREME BLACK ART
King Beyoncé’s new film takes you on a journey of Black art, music, history and fashion as the superstar transports you to Africa to tell the story of a young man in search of his crown, matched to epic songs she created while inspired by “The Lion King.”