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Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie  An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow...

Covid-19 is threatening hotel development growth in Africa

As an important industry in Africa, tourism has created both direct and indirect jobs - sustaining foreign currency earnings. According to the 12th annual survey by W Hospitality Group, African hotel development had returned to growth at the start of 2020, with more than 78,000 rooms in 408 hotels in the pipeline; however, with the rise of the Covid-19 outbreak, Africa's hotel industry has been hard...

Webinar: Covid-19 will not define the property market’s future

Broll hosted its inaugural webinar late last month themed Africa 2020: A new vision. The discussion focused on strategies and solutions that can be employed during the recovery phase of the Covid-19 crisis, and the emerging new business environment in Africa. A common thread in the conversation was that Covid-19 will not define the property market’s future, but rather will shape the direction and...

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it's probably a better investment of valuable time and effort to ponder the many lessons - some very hard to swallow - that the pandemic has...

Don’t rent houses to foreigners without COVID-19 clearance – Atta Akyea to landlords

Government has asked all landlords to as a mandatory requirement inspect the COVID-19 status of all foreigners before renting out properties to them. This is according to the Works and Housing Minister, Samuel Atta Akyea who was speaking during a press briefing on Tuesday. “Landlords must also be wary of potential tenants from foreign countries. It is very mandatory to insist that without a...

Coronavirus: Immigration Service urges landlords to volunteer information on arrival dates of tenants

The Ghana Immigration Service (GIS) has called on property owners and landlords to readily volunteer information if their tenants returned to the country between March 3 to 23, 2020. According to a statement signed by the Head of Public Affairs, Supt. Michael Amoako-Atta, this will enable the security service to effectively and efficiently identify all individuals who came to the country within the...

Africa Construction and Real Estate Awards 2020 launched

InstinctWave has launched the 4th edition of the Africa Construction and Real Estate Awards (ACREA 2020) to be hosted at the Mövenpick Ambassador Hotel in Accra on May 8. The Africa Construction and Real Estate Awards (ACREA), formerly West Africa Construction Awards underwent a rebranding exercise to cover the sub-region and the real estate sector. Hence, the 2020 ACREA will...

Ghana Is Fast Becoming Frontier Investors’ New Best Friend

Midway through the last quarter of 2019, investors looking at Ghana saw a slowing economy, creeping inflation and a currency that had declined against the dollar for 25 straight years. Barely six weeks into the new year, the picture has changed. The cedi is the best-performing currency in the world in 2020, investors fell over their feet to buy into the nation’s $3 billion Eurobond issue,...

Where Will AI Take the Real Estate Market in 10 Years?

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that AI will help people live more fulfilling lives....

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