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By Godfrey Olukya 14-6-2016 

Kigali, Lusaka and Dar es Salaam are open for business and are showcasing their future land and development plans at the African real estate summit in Cape Town from 2-3 November 2016.

“We passionately believe that Africa is a continent of opportunity. With improving economies, rising populations, rapid rates of urbanisation and burgeoning middle classes, some African cities are expected to grow between 70-100% in the next 15 years.”  This is according to Mr Jean-Pierre Elong Mbassi, Secretary General of the United Cities and Local Governments of Africa (UCLG).

The UCLG Africa is the patron of the upcoming African real estate summit in Cape Town – an international platform that will bring together the full spectrum of the continent’s real estate sector.

The summit will assist African cities and governments in securing new international investment for economic development based around commercial real estate and infrastructure projects that will contribute to Urban Development Plans (UPDs).

Mr Mbassi adds: “it is our hope that the African real estate summit can help African cities and local governments highlight the need for quality commercial and residential real estate that this growth creates. And in turn generate the partnerships and investments from investor groups, developers and operators to deliver on this worthwhile opportunity”.

The summit will provide an invaluable opportunity for investors, developers, landowners and the cities themselves to conduct business, sign contracts and develop the future cities of Africa. Alongside the Urban Development Plan City Showcase sessions, the two-day high-level conference will also offer private companies case studies and practical guidance on how to do business in new markets.  

The African real estate summit has invited some of the top cities in Africa to showcase their UDPs in the form of models or presentations. This will allow for delegates and exhibitors to understand the future plans of developing cities and build business relationships with key city officials including: city managers, city mayors, city council members, town planners, town clerks, district officials and city and finance directors amongst others.

Some of the development opportunities to be showcased are in Zambia’s Lusaka, Rwanda’s Kigali and Kigamboni in Dar es Salaam.

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