01 Mar 2015
Africa is one of the world's few remaining great frontiers. Where are the most exciting opportunities, what are the challenges of doing business there and what does its future hold for the profession?
Africa’s growth potential is enormous. It’s a youthful place – the median age in 2012 was 19.7 – and, although it is home to three-quarters of the world’s poorest countries, it also has the fastest growing middle class of anywhere on Earth. With Governing Council meeting in Johannesburg in April, now is the perfect time for Modus to turn its attention to the compelling stories the continent offers surveyors.
We start in sub-Saharan Africa, where annual GDP growth is rising beyond 5% and which, in the next 20 years, will see 50% of its population living in cities. As such, we first focus on five metropolises and the different real estate development challenges they present, before investigating how foreign-direct investment is evolving across the region.
It’s not all about exploiting opportunities, however. Geospatial consultant Joel Myhre explains how open-source technology, social media and “citizen data” gathering, is helping the World Health Organization track and contain the spread of the Ebola virus in West Africa.
Finally, five members explain why you should put yourself forward for election to Governing Council – and the opportunity to travel to incredible places such as South Africa is only one of the compelling reasons.
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