Work to be done to attract Property Investors — Central Africa

Jackie van Niekerk, the managing director of Pivotal Property Fund says Rwanda which tends to be seen as part of East Africa, stands out but otherwise Central Africa is not ready for listed property investment from SA and elsewhere.

Central Africa’s organized property market has been slow to develop and the listed part of the sector has a long way to go before investment enters from other countries.

Democratic Republic of Congo is the most populous country in the central African region and property developers expect its legal and political structures to synchronise eventually in order to build up the country’s real estate sector but it is difficult to say when.

“I think it will still take some time for countries in that region’s property markets to develop. Rwanda is fantastic and we could look there later but right now we are focussing on other parts of the continent,” said Jackie van Niekerk, the managing director of Pivotal Property Fund.

The Central African Republic is also too marred by violence and political instability to...

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