Markets
A working map of the markets we underwrite across Africa — indicative prime capital values and rents, target yield ranges, a risk rating and a short investment brief for each city. Figures are indicative ranges for institutional-grade stock and should be validated asset by asset.
Showing 20 of 20 markets
South Africa · Southern Africa
A globally traded resort and semigration market with the continent's strongest hotel RevPAR and a proven foreign-buyer base. Water and grid resilience capex should be underwritten into every acquisition.
Morocco · North Africa
The continent's most mature financial-district market via Casablanca Finance City, with bank financing available to foreign sponsors. Yields are compressed relative to sub-Saharan peers, reflecting genuinely lower risk.
Botswana · Southern Africa
Investment-grade sovereign credit and one of Africa's most stable policy environments. Small tenant base means single-tenant concentration risk dominates the underwriting.
Rwanda · East Africa
Best-in-class governance, digital land registry and a MICE-driven hotel market anchored by the Kigali Convention Centre. The constraint is market depth rather than risk: exit liquidity depends on a narrow pool of institutional buyers.
Namibia · Southern Africa
Small but well-governed, with a rand-pegged currency and green-hydrogen and offshore-oil investment beginning to drive housing and serviced-accommodation demand around Windhoek and Walvis Bay.
Côte d'Ivoire · West Africa
The francophone regional headquarters market, growing above 6% annually with sustained Grade-A office absorption in Plateau and Cocody. Euro-pegged currency and OHADA legal framework make it one of the region's most bankable markets.
Ghana · West Africa
A dollarised prime market with strong diaspora demand in Airport Residential, Cantonments and East Legon. Grade-A office vacancy has narrowed, but currency depreciation and construction-cost inflation compress returns on locally financed schemes.
Senegal · West Africa
Diamniadio new-city development and hydrocarbon-linked business travel are lifting hotel and serviced-office demand. Public land allocations are attractive but conditional; conversion of gas revenues into fiscal stability is the swing factor.
Tanzania · East Africa
Port-led warehousing demand serving landlocked corridors into Zambia, DRC and Rwanda. Leasehold-only tenure for foreigners and permitting timelines demand strong local partnership structures.
South Africa · Southern Africa
The most liquid institutional market on the continent, with listed REITs, transparent data and reliable exits. Structural office vacancy in the CBD contrasts with strong logistics fundamentals; grid reliability now drives asset pricing.
Togo · West Africa
Togo's capital pairs the deepest container port in West Africa with a stable investment code and a small, undersupplied branded-hotel market. Land assembly is achievable at scale and the CFA franc peg to the euro removes most currency risk. Title diligence and utilities capacity are the main execution items.
Kenya · East Africa
The most institutionalised market in East Africa, with REIT legislation, credible valuers and multinational anchor tenants. Office oversupply in Upper Hill and Westlands persists, so retail, logistics and student housing offer better risk-adjusted entry.
Egypt · North Africa
Deep, liquid and developer-driven, with the New Administrative Capital absorbing enormous pipeline. Repeated devaluations have rewarded dollar buyers but punished local-currency income, so pricing should be dollar-anchored.
Cameroon · Central Africa
The economic gateway to CEMAC, with port and industrial-zone demand outpacing modern warehouse supply. Euro-pegged CFA franc helps, but customs friction and permitting timelines lengthen delivery.
Nigeria · West Africa
Africa's largest urban economy and its deepest tenant pool for Grade-A office and formal retail in Ikoyi, Victoria Island and Lekki. Naira volatility, FX repatriation friction and Land Use Act consent timelines require dollar-linked leases and patient capital.
Gabon · Central Africa
High per-capita income from hydrocarbons supports premium pricing in a very thin market. Political transition risk and limited exit liquidity argue for income-first, low-leverage strategies.
Zambia · Southern Africa
Copper-cycle exposure drives both upside and volatility. Post-restructuring debt normalisation is improving sentiment, and formal retail penetration remains low relative to urban population growth.
Tunisia · North Africa
Mediterranean resort stock trades at a discount to comparable European coastlines, with European tour-operator demand recovering. Sovereign fiscal stress and financing scarcity are the binding constraints.
Ethiopia · East Africa
A 120-million-person domestic market and continental aviation hub with acute branded-hotel undersupply. FX scarcity, state land leasehold and security volatility mean returns must be underwritten with substantial risk premium.
DR Congo · Central Africa
One of the fastest-growing megacities on earth with almost no institutional-grade stock, so headline yields are the continent's highest. Title insecurity, infrastructure gaps and governance risk require expatriate-tenant, dollar-lease structures.
Indicative ranges compiled by Prospera Global Holdings from prime-market observations and published broker research. Provided for orientation only — not investment advice, valuation or an offer of securities.
