“Measuring data is challenging in Africa, but dynamic” – Charles Ballard, Sagaci Research

Must Read

Sanwo-Olu Commissions 264 Units of Flats in Lekki (Photos)

"We Will Build Affordable Houses For Lagosians-Sanwo-Olu" ...Project is a successful public-private collaboration- Commissioner The Lagos State Governor Mr. Babajide Olusola...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Dangote Sugar Refinery Plc appoints new Executive Director

Dangote Sugar Refinery Plc. wishes to notify the Exchange and the investing public that at the Board of Directors...
"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research

Creating a platform for African and global real estate data and transparency experts to share insights, best practice and solidify global and regional investor confidence in Africa’s high growth economies are some of the primary objectives of the 9th annual API Summit & Expo taking place in Johannesburg on 20 and 21 September 2018.

Speaking ahead of what has become known as African property’s multi-billion dollar gathering, London-based, Jeremy Kelly, of JLL, will present the African Chapter of their market leading Global Real Estate and Transparency Index (GRETI) to 600 of the continent’s leading real estate developers and investors.

Recognised as a global thought leader and advocate for transparency and data across global real estate markets, Kelly will lead the conversation on the importance of data and transparency which are vital in establishing market health and making better decisions.

“Our aim at the summit will be to draw attention to the importance of real estate transparency, not only in boosting investment, but also enhancing business efficiencies, raising living standards and safeguarding the environment,” says Kelly.

- Advertisement -

By drawing on specific regional and global parallels, Kelly will provide a unique perspective and context on how African markets can move up the “transparency spectrum” to the continent’s decision makers.

“We hope our presentation will be a catalyst for event participants to think about how they can practically contribute to enhancing transparency in Africa,” says Kelly.

While African countries upward movement in GRETI in 2014 and 2016 were notable – these were mostly off of a low base says, Kelly. Adding that: “In this year’s version only 10 of the 15 African markets have improved, which has been led by Nigeria and Kenya.”

However, despite this incremental movement up the transparency ladder by the continent’s markets, the most encouraging aspect of this year’s report for Kelly is the greater volume and quality of data collected by African firms such as Sagaci Research and Estate intel.

- Advertisement -

“Overall we continue to see advances made in areas such as the quality and frequency of valuations across many markets in sub-Saharan Africa, while market data availability has also continued to improve for select countries and sectors (such as logistics and hotels).”

Read Also:  Standard Chartered Records 46% jump in profit to $3.7bn but warns of 2020 Coronavirus hit

Data according to Kenya based, Charles Ballard, of Sagaci Research one of the firms credited for developing greater actionable insight into African growing retail sector is that data is “limited and or obsolete.”

The challenge, he explains is that Africa’s youthful population, informality and rapid growth makes measurement challenging to measure but “particularly dynamic.”

“Younger consumers tend to be less conservative and more open to trying new things – the rapidity with which Kenyan consumers adopted mobile money is an excellent example of this trend, ” he says.

- Advertisement -
Read Also:  Novartis And Drugs For Neglected Diseases Initiative (DNDi) to Collaborate On The Development Of a New Oral Drug to Treat Visceral Leishmaniasis

Adding that these developments make it even more critical for data to be up to date and transparent in Africa and not “inconsistent and fragmented”, which is one of the primary challenges encountered by Dolapo Omdire of Nigeria’s Estate intel.

To mitigate these challenges and use advances in Proptech and relevant data, Omdire will use the API Summit to gain insights and launch Estate intel’s new data app.

“The app will be home to the most extensive collection of commercial property data points in Nigeria. We are confident it will change the way real estate decisions are made across the continent.”

Forward-thinking and embracing new technology to drive data acquisition and development to improve data access and decision making is an area in which Kelly believes Africa can use to leap ahead of other markets.

“Africa has an opportunity at this point to utilise blockchain for land registries or transactions; ‘smart’ buildings and infrastructure for facilities management or repair; or new database capabilities for collaborative data sharing between market participants – to jumpstart the traditional methods of improving market data and building real estate markets that are fit for the future.”

According to the host of the 9th API Summit & Expo, Kfir Rusin: “Increasing data flow and transparency are absolutely pivotal to the development and deepening of investment in the continent’s property markets.”

Adding that “Being able to bring global and Africa pioneers together at the API Summit & Expo and aid them in leveraging our platform to elevate the importance of data and transparency as a key driver of investment growth is a primary objective of the conference.”

- Advertisement -
"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research

Latest News

va-Q-tec supports pharmaceutical industry in Asia with worldwide logistics of COVID-19 diagnostic kits

Made in Germany, va-Q-tech's high-tech thermal containers and boxes are vital for the international logistics of temperature-sensitive COVID19...

Business Insider announces new Singapore newsroom

NEW YORK, UNITED STATES - Media OutReach - May 29, 2020 - Business Insider, the leading brand in business news for the digital generation, today announces the launch...

Forest City Malaysia Gives Priority to Mangrove Conservation

JOHOR BAHRU, MALAYSIA - Media OutReach - 29 May 2020 - Forest City is a smart ecological city developed by the Country Garden Group, covering an...

Coocaa S6G TV breaks e-commerce live streaming record on Lazada Vietnam with 1000 in sales

Lazada live streaming (LazLive) witnessed new record-high numbers in Vietnam on May 28, drew nearly 5000 views and more than 30.000 likes.  HO...

Citi Foundation Donates US$150,000 to Feeding Hong Kong for the Provision of Staple Food Supplies to 5,600 Vulnerable Households

HONG KONG, CHINA - Media OutReach - 29 May 2020 - Citi Hong Kong announced today that the Citi Foundation is donating US$150,000 (around...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research"Measuring data is challenging in Africa, but dynamic" - Charles Ballard, Sagaci Research