African Real Estate Industry is currently undergoing economic growth at an amazing pace that everywhere in the world, investors are scrambling to share in on this. Physical distances are shortening, urban markets are expanding, information and communication costs have reduced tremendously. And not leaving out transport infrastructure and macroeconomic conditions, which have so much improved than decades ago.
However, there is some academic debate on Africa ability to get out of poverty in the 21st century, most of the opinions differ from each other and some largely on how viable present-day Africa growth directions are, there is also a known consensus that agricultural transformation is vital to the smooth present and future welfare gains.
In the long run, it was agreed that recent signs of agricultural productivity growth from the long term, is the boat for present-day developments and demographic growth which does raise the possibility that Africa will complete a green revolution of its own.
The introduction of the ‘Green Revolution in Africa couldn’t have been better. It occurred exactly in the period when the population growth reached its zenith. With this comes the responsibility to keep pace with population growth. According to a recent report by the UN, the population in the world will increase from 7 billion to 10 billion at the end of this century.
Read Also: How To Make Millions In Real Estate Business
About 50% of the calculated increase is expected to occur in Sub-Saharan Africa alone, this projection has shown the need to improve and balance the growth in urban areas with that of the rise in rural incomes. As it is, the majority of Africans are still employed in agriculture, so improving rural living standards is a vital instrument to curbing the further increase in socioeconomic backgrounds.
Favorably, there is a renewed focus on national and international markets on rural development in Africa. After a long period of neglect, investors are increasingly recognizing Africa’s economic, and geographic diversity. In addition, there is a calculated ambition to do away with the environmental costs of the green revolution in terms of land erosion, water, and soil pollution. Agreed on the need for a green revolution clarifies the need to combine agricultural productivity growth with a more improved form of economic management.
Lastly, It is crucial to recognize that most of the technological advances are contributing to the development and need for urbaner demographic growth. In addition, the more close African countries with a historical legacy of rural intensification are, the more favorable for giant colonial structures.
More, the effects of climate change are likely to expand intra-African diverseness and raise intra-African movement. In other words, it is possible to say that the Great Divergence that emerged at an increasing rate in the past centuries, will be seen within Sub-Saharan Africa in the 21st century.