October 7, 2015 - Global Markets
From a relatively paltry sum of just over $50 billion in 2013—spread across 55 countries—foreign direct investment into Africa has jumped sharply over the last year. The recent turmoil in global markets is impinging on the growth outlook for many emerging economies. Even so, capital inflows to the continent may surpass $100 billion this year.
According to the African Development Bank, the continent represents the fastest growing economic zone in the world. Demographics play a large role in driving that trend; in the best cases, population growth and rapid urbanization have combined to support rapidly expanding cities, a burgeoning middle class, and demand for higher-quality housing and commercial property.
In this recent column for the New York Observer, Dr. Sam Chandan discusses the high profile of cross-border real estate investment. While Chinese investment into the United States has dominated popular thinking, he also argues for the increasing relevance of the African Opportunity.
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