Tag Archives: economic downturn
economic downturn: Latest News
Kurt Davis Jr., 11:08 am AFKI Original
The economic downturn did little to stifle demand for African real estate. Some of the biggest returns and opportunities exist in rental properties, from beachfront getaways to hidden villas. Affordable housing is a major challenge for governments. Private investment is seen as a solution. Developers, private investors, and ordinary people can play a role in addressing the construction gap in the real estate sector and make a good return while doing so.
Dana Sanchez, 5:34 pm
First quarter results from the world’s third largest brewery, Heineken, show Nigerians are consuming more beer than a year ago despite hard times — or because of them. Results for Guinness, Nigeria’s No. 2 brewer, tell a different story. Guinness Nigeria’s stock is down 42 percent since the beginning of 2015. Heineken the No. 1 beer maker, saw its stock fall 36 percent in the same period. Consumers are turning from traditional home brews to competing products made by multinationals.
Dana Sanchez, 12:05 am
The South African billionaire least affected by the economic downturn didn’t have much wealth tied to the stock market or the rand, Forbes reports. He lost $100M since November, but he’s still worth $6.5B. Feeling sorry for billionaires who lost their billionaire status? Consider this. The world’s 400 richest people control $3.9 trillion. That’s more than the GDP of all but three countries on Earth — China, Japan and the U.S.
- Real Estate