Urbanization is one of the big megatrends in the world of today and tomorrow. Millions of people are migrating from rural to urban areas for many reasons. While the percentage of people living in urban areas has already reached very high levels in the Western world and Latin America, some parts of Asia and most parts of Africa are lagging behind.
According to UN-HABITAT, Africa will experience the strongest urban population growth among all regions of the world until 2050.From 2000 to 2030, Africa’s urban population will grow from 294 million to 742 million people, an increase of 152%. In comparison, the urban population in Asia will grow by 94%, while Latin America will add another 55%.
The three largest cities in Africa, which have more than 10,000,000 and considered megacities, are Cairo (Egypt), Lagos(Nigeria), and Kinshasa (Democratic Republic of Congo).3 In about 10 years, Cairo will be overtaken by Lagos and Kinshasa. Many African cities will have grown more than 50% between 2006 and 2020.
Another factor influencing urbanization is how densely populated a country is. The small countries of Rwanda and Burundi have already passed levels of sustainability regarding the ability to feeding their own people with agricultural goods from local sources. Too many people are living too close to each other, allowing only very small parcels of agricultural land per family. Fertile grounds in this country are almost utilized by 100 percent, so that there is no further expansion possible.
As a result of that unpleasant situation, many young people are forced to leave their parents’ farms and will move into the cities looking for a job or any informal business activity that will allow them to earn a living.
Urbanization will definitely accelerate in those countries. Right now, more than 80% of the overall population of the East African countries of Rwanda, Burundi, Uganda, and Ethiopia is still living in rural areas. Consequently, rapid growth of the primary cities of those countries can be anticipated with very high probability. Source: Creating Wealth by harnessing opportunities in Africa
This obviously open up opportunities within the Property Development industry and also Construction, that is why we are putting so much emphasis in Property Development and Real Estate.
We however have decided to focus on the opportunity created by the recent trends, most retail businesses are moving into the townships. Shopping Malls, Banks and other infrastructures are being built in townships to boost Ekasi economy. Most young people are moving back to townships and this has created a demand for decent low cost housing where all the safety fixtures they had in townhouses are also installed. So we are involved with Low cost Housing projects in KwaZulu Natal.
If you are a Contractor and you would like to get involved with our Kwazulu Natal Development Project, feel free to give us a call and we will be glad to discuss business together and get you loaded on our Suppliers Database.