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Plunge In Commodity Prices Expose African Cities To Investors

Plunge In Commodity Prices Expose African Cities To Investors

The fall in commodity prices in the international market has left many investors seeking alternative investments in Africa, where most economies are supported by the export of metals, oil and agricultural produce such as coffee and cocoa.

According to a Reuters report, investors on the continent have now turned their focus to other sectors including retail, financial services, technology as well as real estate.

Major African countries such as Nigeria, South Africa and Ghana are expected to receive an increase in foreign investment, despite the countries’ economies taking a knock under reduced export revenue from their top commodities.

In the current economic environment, investors want areas where success is proven, and growth is possible and will remain strong. Big African cities can give you that. It has become even more important for interested investors to focus on these key cities than previously.

During the “boom” years, most African countries and their middle-class showed an increase in income levels. Sub-Saharan African countries registered an average of about 5% growth rate in the last decade, fuelled mainly by commodities exports to China.

Why not contact Mobus today for information on real estate Investment opportunities in Ghana?