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Relocation Business in Africa Poised For Growth

by MediaPlum3 months ago
tags: Africa

According to the OECD, there are over 7 millions expatriates in Africa. The top countries of origin include: France (2.8 millions) the US (988,000), the UK 833,000, the US, Spain (423,000) and Portugal (439,000). Overall, international migrants represent close to 1.9 Percent of the total population in Africa. While exact expat numbers per country is still hard to come by, the top receiving countries include Algeria, Egypt, Botswana, South Africa,, Kenya, Morocco, Tunisia, Mauritius, the Seychelles,, Senegal and Ghana.

In spite of this large number for expatriates and international migrants, there is still very little relocation support on the continent, an even more critical shortcoming in countries where the tourism sector is not developed. And very few companies have a physical presence on the continent. Where it exists, in places such as South Africa, Kenya, Morocco and Tunisia and Nigeria, the market for relocation is much segmented and it is still hard to find a relocation vendor that has the capacity to deliver full comprehensive destination services to outbound and inbound assignees.

One area of relocation services that has seen growth is real estate - as construction is booming on the continent, to the point of becoming one of the most profitable business sectors - easily reaching 20 percent rate of return in unsuspected cities such as Dakar, Rwanda and Accra. Even then, it is in most cases loosely organized and operated by individual agents with no formal listing in the majority of the cities on the continent. http://www.rockmeafrica.com

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