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AFRICAN BILLIONAIRES SPLASHING OUT FOR LUXURY BUILDINGS

AFRICAN BILLIONAIRES SPLASHING OUT FOR LUXURY BUILDINGS

Published: 29/04/2016

Real estate in London’s swankier suburbs can catch a buyers’ eye. Mayfair, Kensington and Chelsea have long been the stomping ground of the elite, and are now welcoming a new wave of African investors.
“The Africans who are coming into London now are Africans who themselves have worked for their money,” clarifies Bimpe Nkontchou, a British-Nigerian wealth manager.
“They have grown in business and are actually part of the exciting story of the African renaissance,” she continues. “It’s bringing to London the best of the continent.”
These investors are having a considerable impact on London’s property market and they mainly come from just six countries: Nigeria, Ghana, Congo, Gabon, Cameroon and Senegal.