Strong growth in data and transparency in Africa according to Global Leaders – BusinessGhana News

London-based Jeremy Kelly, of JLL, will present the African section of its Global Real Estate and Transparency Index (GRETI) to 600 of the continent's leading real estate developers and investors

"In the this year's version only 10 of the 15 African markets have improved, which was led by Nigeria and Kenya. "- Jeremy Kelly, JLL

" Data measurement is difficult in Africa, but dynamic. " – Charles Ballard, Sagaci Research

Creating a Platform for African and Global Real Estate Data The ideas, best practices, and strong confidence of global and regional investors in fast-growing African economies are some of the most main objectives of the 9th API Summit & Expo (APIsummit.co.za) to be held in Johannesburg on 20 and 21 September 2018. [19659003]

Speaking of what is now known as the gathering of billions of dollars of African properties, Jeremy Kelly of London-based JLL will present at 600 the African chapter of his Global Real Estate and Transparency Index (GRETI). major real estate developers and investors from the continent.

Recognized as a global leader and advocate for transparency and data on global real estate markets, Kelly will lead the conversation on the importance of data and transparency that is critical to establishing the health of the market and taking better decisions.

"Our goal at the top will be to draw attention to the importance of real estate transparency, not only to stimulate investment, but also to improve the effectiveness of businesses, raise the standard of living and protect the environment, "says Kelly.

Based on specific regional and global parallels, Kelly will provide a unique perspective and context on how African markets can raise the "spectrum of transparency" to policymakers on the continent.

"We hope that our presentation will serve as a catalyst for event participants to reflect on how they can concretely contribute to improving transparency in Africa," Kelly said.

While the upward movements of African countries at GRETI in 2014 and 2016 were notable, these were mostly out of the grbadroots, says Kelly. Adding that: "In this year's version only 10 of the 15 African markets have improved, which was led by Nigeria and Kenya."

However, despite this gradual increase in the scale of transparency on the continent's markets, the most encouraging aspect of Kelly's report for this year is the volume and quality of data collected by companies African such as Sagaci Research and Estate intel. .

"Overall, we continue to see progress in areas such as the quality and frequency of valuations in many markets in sub – Saharan Africa, while the availability of market data continues to grow. to improve for some countries and sectors. "

According to Charles Ballard, of Sagaci, based in Kenya Research on one of the companies credited to develop a more exploitable insight into the growing retail sector in Africa is that the data is " limited and / or obsolete ".

The challenge, he explains, is that Africa's youth, its informal nature and its rapid growth make measurement difficult to measure but "particularly dynamic".

"Young consumers tend to be less conservative and more open to trying new things – the speed with which Kenyan consumers adopt mobile money is an excellent example of this trend."

Adding that these developments make it even more critical that data is up-to-date and transparent in Africa and not "inconsistent and fragmented", which is one of the main challenges faced by Dolapo Omdire.

To mitigate these challenges and utilize Proptech's advances and relevant data, Omdire will use the API Summit to get an idea and launch the new Intel Estate Data Application.

"The application will host the largest collection of data points on commercial property in Nigeria and we are confident that it will change the way real estate decisions are made across the continent."

The adoption of new technologies to drive the acquisition and development of data to improve data access and decision-making is an area in which Kelly thinks that the Africa can use to outpace other markets.

"Africa now has the opportunity to use the blockchain for land registers or transactions," smart "buildings and infrastructure for the management or repair of facilities or new databases for sharing data among market players. "

According to Kfir Rusin, host of the 9th API Summit & Expo," Increasing data flow and transparency is absolutely essential to setting up innovative methods. "

Adding that" Power to bring together global and African pioneers at the Summit & Expo API and help them leverage our platform to elevate the importance of data and transparency as a prime driver of investment growth is a prime focus of the conference. "