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Eversheds comment: Africa investment growth extends beyond English speaking cities

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  • South Africa

    15-02-2016

    Commenting on investment bright spots in Africa, Boris Martor, partner and Africa expert at law firm Eversheds, says:

    "Urbanisation in Africa has developed rapidly in recent years but this is only the beginning. Indeed, the construction and development sectors are highly active in creating more accomodation and offices spaces across the continent. Real estate is a clear area where there is more to come and the number of cement producers taking steps to organise hubs in African cities only serves to illustrate this.

    "The development of mega cities also creates massive opportunities for a number of other sectors, notably the retail industry, where a growing number of brands have now entered African cities as demand for a broader range of consumables intensifies. It also creates opportunities for online retail as well as the entertainment and sporting arenas. Notably, this trend extends far beyond English speaking cities such as Lagos, Nairobi or Accra. Indeed, locations such as Abidjan are witnessing a major renaissance with annual GDP growth of nearly 10% and considerable spending on infrastructure in Cote d’Ivoire on the horizon."

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