Sunday, July 12, 2020
Home Real Estate African Real Estate Industry and Green Revolution

African Real Estate Industry and Green Revolution

Africa 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 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 for 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.

Read Also: Hottest Real Estate Investments Opportunities In 2020

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.

Ikoi Abode Ikenna
Ikoi Abode Ikenna is a Pharmacist living in Lagos, Nigeria. A fan of entrepreneurship, technology, and web development and seasoned blogger, currently the owner and editor of Abode Business ( and West Entrepreneur Forum ( you can follow him on Instagram @pharmabode


Please enter your comment!
Please enter your name here

Most Popular

How To Start An Ostrich Farming In Nigeria

One of the most lucrative and profitable areas of the Agricultural sector is livestock farming. And of course, Ostrich farming is one of the...

6 Reasons Why House Renovation Will Increase It Market Worth

Are you considering selling your real estate housing investment, but don't know how its market worth can be increased? Do you plan to sell...

Lucrative Opportunity In Exercise Book Manufacturing

Since existence, right from start, the need for an exercise Book and other writing paper has itched, the putting down of thought, feeling and...

Small Business Ideas and Opportunities For Teachers

We pray for our teachers for giving us sound education may God reward them.  Are you a teacher and seriously in need of business...

Recent Comments