Construction & Real Estate
From The Report: Cote d’Ivoire 2019
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The construction sector has experienced significant growth since 2011 as a result of heavy public and private investment. Foreign investors have helped usher in new infrastructure projects, which contributed to the rise of local cement production. The govern¬ment is focusing on projects to restore the road network and provide affordable housing. The construction industry may witness some slowdown compared to the 2011-17 period, primarily due to factors external to the sector such as the government’s revenue decreasing due to lower cocoa sales and political risk associated with the upcoming 2020 elections. That said, the long list of ongoing and planned projects — including highways, bridges, ports and stadiums — provide cause for optimism. Beyond public works, the social housing programme is likely to sustain the real estate sector, with a healthy growth rate for the short to medium term.

This chapter contains an interview with Cheick Sanankoua, Managing Partner, HC Capital Properties.

Articles from this Chapter

Overview

Building momentum: Emphasis on infrastructure development lays the groundwork for expansion in transport and housing
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Since the country’s return to political stability in 2011, Côte d’Ivoire’s construction sector has experienced significant growth as a result of heavy public and private investment. Foreign investors have helped to usher in new infrastructure projects, especially in the transport and housing segments. Such investments have gone hand-in-hand with the rise of local cement production driven by companies ranging from Morocco’s Ciment de l’Afrique (CIMAF) to Switzerland’s LaFarge…

Analysis

Market movements: Growing demand from a rising middle class and an increasingly prominent commercial segment leads to supply concerns
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A state programme to build affordable housing is now taking off with the support of significant investment from foreign firms. Beyond the need for affordable housing, a rising middle class and additional need for retail space is spurring demand throughout the country. However, difficulties in accessing financing, as well as a lack of available lands and unclear and inadequate land ownership legislation, have posed challenges for those interested in investing in the real estate market. Housing…

Interview

Laying foundations: Cheick Sanankoua, Managing Partner, HC Capital Properties, on improving policy on credit, land reform and infrastructure
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Interview:Cheick Sanankoua What challenges must be overcome to enable growth in the real estate sector? CHEICK SANANKOUA: Broadly speaking, the real estate sector is growing and becoming increasingly complex, and it now features commercial, industrial and residential properties, along with other subsectors. In terms of residential real estate, for example, supply is dramatically lower than demand, whether we are talking about social housing or luxury homes. A lot of effort has been undertaken…

Overview

Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces – Cote
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In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and parts of Asia. Urban areas are home to more than 470m people in Africa, accounting for 40% of the continent’s population,…