Specialised property services for sub saharan africa

broll.co.za

Specialised property services for sub-Saharan Africa

2 3

Introduction ............................................. 3

South Africa ............................................. 4

Namibia ..................................................... 6

Malawi ....................................................... 8

Nigeria .................................................... 10

Ghana ...................................................... 12

Indian Ocean ......................................... 14

Rwanda ................................................... 16

Kenya ...................................................... 18

Contacts ................................................. 20

Contents

• Winner 2012 Ghana Property Award for Best Facilities Management Company

• Winner 2011 Global Homes Nigeria Award for Best Property Services Company

• Broll Facilities Management Winner of the PMR Gold Arrow Award 2013

5

Global business’ expansion into emerging markets continues to generate an inflow of foreign direct investment for the African continent. The size of the African economy has tripled since the year 2000, led by sub-Saharan Africa. As the next wave of multinational businesses enter African markets, and grow their individual African footprints, companies are benefiting from a continent that is increasingly welcoming of the advantages of foreign direct investment.

More sub-Saharan African countries are pursuing strategies that attract and cultivate multinational companies. This is clear in advancing infrastructure development, the telecommunications revolution, improving political stability, sound macroeconomic policies and deregulating industries across the continent. This, and sub-Saharan Africa’s fast-growing consumer markets, is driving greater investment.

With more multinational companies tapping into sub-Saharan Africa, professional leasing and corporate real estate services are also advancing in this region. Broll Property Group’s own journey into sub-Saharan Africa is a natural extension of our deep roots in South Africa, the continent’s most advanced economy, where Broll has nearly 40 years experience in delivering comprehensive professional property services.

Broll’s multi-disciplinary property services’ African expansion responds to the compelling investment growth in sub-Saharan Africa and the growth strategies of our clients. Last year, South Africa was the single largest investor in foreign direct investment in Africa, outside the country. We are proud to partner many of our longstanding clients and those of our international affiliate CBRE, as they expand into new territories.

IntroductionBest in class, multi-disciplinary property services in sub-Saharan Africa

CBRE is Broll Property Group’s international partner, providing an important perspective of global market knowledge. We are also able to partner with local organisations already active in the industrial, office and retail property sectors of a country, to unlock unique benefits that flow both ways in a knowledge-sharing approach. Broll is invested in enabling business wherever it operates and we are committed to skills transfer with local partners, thus ensuring true empowerment in sub-Saharan Africa.

Broll is growing a substantial footing in sub-Saharan Africa with offices in eight countries including South Africa, Ghana, Malawi, Namibia, Nigeria, Mauritius, Rwanda and Kenya. Further expansion into the region is being actively investigated. From these strategic locations, Broll delivers its best in class property services in over 15 African countries, supported by accomplished South African operations with outstanding technical capabilities and ISO9001:2008 certified facilities management and property systems.

We are proud to partner many of our longstanding clients and those of our international affiliate CBRE.

Broll is invested in enabling business wherever it operates

Sub-Saharan Africa’s growth story is a compelling one, and the region is seen by many investors as the last frontier for growth.

Broll’s full spectrum of property-related services includes:

Office Leasing • Industrial Leasing • Retail Leasing and Projects • Residential Leasing and Sales Investment Broking • Project Management • Research • Asset Management and Consulting Valuation and Advisory Services • Shopping Centre Management • Property Management

Corporate Real Estate Services • Facilities Management

76

Facts about South Africa*

Population: 52,982,000 (Mid 2013 est)

Total Area: 1,219,912 km²

Major Cities:

Pretoria (Capital) - Population: 2.9 Million

Johannesburg - Population: 4.4 Million

Cape Town - Population: 3.7 Million

Durban - Population: 3.4 Million

GDP growth (2012): 2.5%

GDP growth forecast (2013): 2.8%

GDP per capita: US$7,256.98 (current prices year estimate)

Key Industries: Mining (world’s largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textiles, iron and steel, chemicals, fertilizer, foodstuffs, commercial ship repair

Ports (airports, habours, inland ports) used: Durban, Cape Town, Port Elizabeth, Johannesburg, Saldanha Bay and Richards Bay

Inflation Rate: 5.5% (June 2013)

Literacy Rate (15+ yr)(2007-2011): 89%

Unemployment Rate: 25.6% (June 2013)

Ease of Doing Business: 39/185

Africa’s largest economy, South Africa has a healthy and growing formal commercial property sector.

Founded in South Africa in 1974, Broll Property Group has offices in all cities and major town across the country. It is from Broll’s flourishing South African base that CBRE has been represented in sub-Saharan Africa since 2004.

South Africa’s growing economy is also the most developed on the continent. South Africa’s imports exceed its exports, with recent economic influences devaluing the ZA Rand. This, however, makes South Africa more attractive for foreign direct investment. The public sector is the country’s largest employer.

South Africa has a strong formal retail sector, with thousands of bustling shopping malls. These span all consumer markets from value basics to upmarket glossy malls featuring global premier fashion brands like Louis Vuitton, Zara, Cartier and similar. Many multinational fashion brands chose to make their African market debut in South Africa. In recent years South Africa has seen an inflow of international retail brands as these businesses seek new growth opportunities in emerging markets. However, the performance of the retail sector is a growing concern due to a decline in household expenditure as a result of rising debt (ease of credit) and rising costs (electricity, fuel). Future performance of retail centres will be determined by their size and location, which places substantial risk on the performance of smaller community and neighbourhood centres.

The country’s office market has been struggling over the last few years, and this is expected to remain in the short to medium term due to the slowdown in economic growth. The performance of the office market is further being influenced by continued rising costs which are putting pressure on nett rental growth for landlords. The market is characterised by high vacancies and restricted rental growth, with the limited exception of premium-grade offices in the most sought-after nodes, such as Sandton Central.

The industrial property market, underpinned by manufacturing, is increasingly being affected by the down-turn in the GDP, deceleration of manufacturing output and the continued weakening of the Rand. An improvement in economic conditions can result in users abandoning older properties for more modern ones offering high levels of security in a park-like environment, appropriate stacking heights as well as opportunities for business clustering.

South AfricaBroll Property Group Pty (Ltd) South Africawww.broll.co.za

Year of incorporation: 1974

Head office location: Johannesburg

Staff complement: 950

Property Portfolio under Management: 7.1 million m² valued in excess of USD$ 5.9 billion

FM portfolio US$870 million

CRES portfolio UD$1.4 billion

Service Offerings: - Facilities Management- Property Management- Corporate Real Estate Services- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Project Management- Research

Affiliated with CBRE

EY T Systems

9

Facts about Namibia*

Population: 2,182,852 (July 2013 est)

Total Area: 825,418 km²

Major Cities:

Windhoek (Capital) - Population: 0.34 Million

Swakopmund - Population: 37 000

Walvis Bay - Population: 77 600

GDP growth (2012): 4%


GDP Per capita: US$5,919.97 (current prices year estimate)

Key Industries: Meatpacking, fish processing, dairy products, pasta and beverages; mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper)

Ports (airports, habours, inland ports) used: Luderitz and Walvis Bay


Literacy Rate (15+ yr)(2007-2011): 89%

Unemployment Rate: 16.7% (Dec 2012)


Broll Namibia, founded in 2003, is a strategic partnership between the Broll Property Group and the Ohlthaver & List Group of Companies in Namibia. Broll manages some of the most prestigious buildings and shopping centres in Namibia with the total properties managed valued at over US$ 130 million.

Broll Namibia recently entered into a joint venture with the South African project management company SIP Project Managers, due to the demand for highly skilled project management services in Namibia. SIP Project Managers was established in 1978 and is at the forefront of establishing project management as a profession in South Africa.

An attractive choice for real estate investment, Namibia shows many likenesses to neighbouring South Africa. Namibia’s banking and property laws are similar to those in South Africa, making it a natural choice for regional expansion. Like its neighbour, it is struggling with the short supply of electricity.

Namibia is one of Africa’s least populated countries. Its economic backbone is comprised of agriculture, tourism and mining. The subdued growth of these primary industries is due to pronounced effects of drought conditions on the agriculture sectors and the slowdown in mining activies. However, these sectors are expected to recover in 2014.

The secondary industries will continue to expand with construction activities expected to pick up significantly in 2013 and 2014 supported mainly by increased private sector investment. The planned development of the 55 000 m2 Grove Shopping Centre, expansion of Maerua Mall (8 300m2) and Wernhil Park Shopping Centre (12 000 m2) bears testimony to this and reflects consumer demand in this sector.

Increasing its appeal to investors is Namibia’s well-developed transportation system, which includes well maintained highways, railway, airport and seaport access.

Namibia

8

Broll Namibia Limited www.brollnamibia.co.na


Head office location: Windhoek


Property portfolio under management: 104 000 m2 valued in excess of US$150 million

Service Offerings: - Facilities Management- Property Management- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Project Management- Research

Carl List Mall Standard Bank Centre

11

Broll entered the Malawian market through a joint venture with a local property management company in 2004. The operation has grown significantly in a market where there are few institutional property owners and where many of the larger properties are in private hands – a sector not traditionally familiar with outsourced property management solutions.

Despite a slowdown in GDP growth in 2012 brought on by drought and a foreign exchange shortage, growth in 2013 and 2014 is projected to rebound to 5.5% and 6.1% respectively. The new government, which took over in April 2012, has instituted key policy reforms to address the macroeconomic imbalances and revive the economy, which is heavily reliant on agriculture, contributing to almost 80% of the country’s foreign currency.

Healthcare, education and environmental conditions are steadily improving, and the country has shown signs to move away from being reliant on overseas aid, becoming a nett exporter of maize.

The recognition by clients of structured property solutions has emerged, with Broll at the forefront having built sound relationships with institutional investors and developers, Broll manages a sizeable portfolio of buildings for the National Insurance Company of Malawi.

Malawi’s commercial capital rests in its second largest city, Blantyre. However, due to the relocation of the government offices to Lilongwe, Blantyre is experiencing high office market vacancies. In contrast, Lilongwe demand is chasing supply resulting in rising rentals. Electricity power shortages continue to severely cripple the industrial sector and similar to elsewhere in Africa, regular supply remains an on-going challenge.

Facts about Malawi*



Major Cities:

Lilongwe (Capital) - Population: 800 000

Blantyre - Population: 745 000

Mzuzu - Population: 154 000

GDP growth (2012): 1.9%


GDP Per capita: US$223.02 (current prices year estimate)

Key Industries: Tobacco, tea, sugar, sawmill products, cement

Ports (airports, habours, inland ports) used: Chipoka, Monkey Bay, Nkhata Bay, Nkhotakota and Chilumba


Literacy Rate (15+ yr)(2007-2011): 75%

Unemployment Rate: 3% (Dec 2011)


Malawi

The recognition by clients of structured property solutions has emerged with Broll at the forefront

10

Broll Malawi Limitedwww.broll.co.mw


Head office location: Blantyre



Service Offerings:- Facilities Management- Property Management- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Research

Chichiri

13

Established in 2004, Broll Nigeria is a joint venture between Broll Property Group and local investors. Broll Nigeria are a member of the CBRE world-wide affiliate network.

There is a strong global focus on Nigeria, Africa’s most populous country, as it assertively positions itself as West Africa’s port hub and the economic power house of sub-Saharan Africa.

However, Nigeria faces significant social and economic challenges despite being one of the world’s largest oil producers. Lack of corporate governance, low international ease of doing business ratings, corruption and infrastructure constraints, are only some of the challenges facing Nigeria today.

Despite these challenges, Nigeria is displaying exceptional economic advancement. It is one of the fastest growing telecommunications and financial markets in the world. With a population size of over one hundred and seventy million people and a huge domestic market, there are investment opportunities in diverse sectors of the economy, such as banking, agricultural, manufacturing, construction, transportation, information technology, telecommunications etc.

All this has led to a slow but steady increase in real estate development activity, with development back on the increase after 2 years of slow growth. The rise in consumerism, due to changing demographics and a backlog of formal retail malls, has resulted in a huge surge in the number of planned retail malls. The increase of the middle class and rapid urbanisation will continue to create scope for new developments.

Foreign direct investment is also on the increase. Nigeria has been ranked as 1st on the continent in FDI for the second consecutive year, with a net inflow into Nigeria in 2012 amounting to US$7.03bn.

Broll Nigeria has reported that it is seeing the most growth in Nigeria’s retail and hospitality sector. However, its blue-chip clients like Ericsson, Nokia, Siemens Networks, Accenture, McKinsey & Company, Barclays, Pfizer, Nestle and Shell, are among foreign direct investors growing the demand for prime office space in Nigeria.

Facts about Nigeria*



Major Cities:

Abuja (Capital) - Population: 1.6 Million

Lagos - Population: 10.4 Million

Port Harcourt - Population: 2.3 Million

GDP growth (2012): 6.3%



Key Industries: Crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel

Ports (airports, habours, inland ports) used: Bonny Inshore Terminal, Calabar and Lagos/Apapa


Literacy Rate (15+ yr)(2007-2011): 61%



Nigeria

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Broll Property Services Ltd Nigeriawww.broll.com.ng


Head office location: Lagos


Property portfolio under management: 186 000 m2 valued in excess of US$420 000

Service Offerings: - Facilities Management- Property Management- Corporate Real Estate Services- Residential- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Research

Affiliated to CBRE

Pfizer Mansard Place

15

Incorporated in 2006, Broll Ghana is a partnership of Broll Property Group and local companies, SIC Company Limited; Social Security and National Insurance Trust (SSNIT). CBRE is Broll Ghana’s international affiliate.

Ghana is the fastest growing economy in West Africa thanks to the discovery of oil in 2010. It also has one of the most exciting and growing property markets on the continent because of improved infrastructure, driven by the private sector.

A truly emerging market, Ghana has moved from low-income to low mid-income status according to the IMF with a predicted GDP growth of 6.9%. It is one of the world’s largest gold producing countries and is rapidly becoming a maritime trading hub for the entire sub-region. Ghana’s two main ports – Tema in the east near Accra and Takoradi in the western part of the country are undergoing improvements to better handle the increasing demand.

With business booming and trade growing – trade between South African and Ghana increased twofold 2008 to 2012 – it has answered the growing demand for electricity with the Bui Dam Hydroelectric project which came online from May 2013.

Ghana’s political and economic stability, as well as the relative ease of doing business have attracted many first time foreign property investors seeking to enter the West Africa region. This has lead to a rapid increase in the development pipeline across all sectors.

The formal retail market is rapidly evolving with several mall projects, new developments and expansions either planned or underway. These larger, modern shopping malls will change Ghana’s retail landscape with world-class design and an increasingly international retail mix.

Facts about Ghana*


Total area: 239,460 km²

Major Cities:

Accra (Capital) - Population: 2.3 Million

Takoradi - Population: 268 000

Tema - Population: 162 000

GDP growth (2012): 7%



Key Industries: Mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building

Ports (airports, habours, inland ports) used: Takoradi and Tema


Literacy Rate (15+ yr)(2007-2011): 67%



Ghana

Ghana is the fastest growing economy in West Africa thanks to the discovery of oil in 2010

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Broll Ghana Limitedwww.brollghana.com


Head office location: Accra



Service Offerings: - Facilities Management- Property Management- Corporate Real Estate Services- Residential- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- ResearchAffiliated with CBRE

West Hills Mall Chateau Towers

17

Facts about Madagascar*



Major Cities:

Capital: Antananarivo - Population: 1.9 Million

Toamasina - Population: 242 817

Mahajanga - Population: 178 001

GDP growth (2012): 1.90%



Key Industries: Meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism

Ports (airports, habours, inland ports) used: Antsiranana (Diego Suarez), Mahajanga, Toamasina and Toliara (Tulear)

Inflation Rate: 5.40% (March 2013)

Literacy Rate (15+ yr)(2007-2011): 64%



Facts about Seychelles*

Population: 90,846 (July 2013 est)

Total area: 455 km²

Capital: Victoria - Population: 26,000

GDP growth (2012): 2.80%



Key Industries: Fishing, tourism, processing of coconuts and vanilla, coir (coconut fiber) rope, boat building, printing, furniture and beverages

Ports (airports, habours, inland ports) used: Victoria

Inflation Rate: 3.30% (July 2013)

Literacy Rate (15+ yr)(2007-2011): 92%



Facts about Mauritius*

Population: 1,322,238 Million (July 2013 est)


Major Cities:

Capital: Port Louis - Population: 200 000

Beau Bassin-Rose Hill - Population: 112 900

Curepipe - Population: 85 700

GDP growth (2012): 3.3%



Key Industries: Food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism

Ports (airports, habours, inland ports) used: Port Louis


Literacy Rate (15+ yr)(2007-2011): 89%

Unemployment Rate: 8.7% (March 2013)


16

The Indian Ocean islands of Mauritius, Seychelles and Madagascar – promoted to tourists as part of the Vanilla Island region – represent a unique African property market.

Broll Indian Ocean opened in Mauritius in March 2013. It is a joint venture with Broll Property Group and the partners of respected local business Tinkler and Ramlackhan. From its Ebene base, it also covers the territories of Seychelles, Madagascar and part of Francophone Africa.

Mauritius

With the tourism, textiles, sugar and financial sector driving its economy, Mauritius’ property market is seeing development in offices, warehouse and distribution facilities. Most of Mauritius’ formal retail activity takes place in decentralised shopping centres with its unique blend of first world infrastructure, political and economical stability, as well as fiscal incentives and easy accessibility. All of these factors have also pushed Mauritius as a prime African sun belt residential location.

Madagascar

Madagascar, the fourth-largest island in the world, has been dogged by political instability, but its natural resource reserves are becoming the catalyst for a reversal in the country’s fortunes. In anticipation of this turnaround, several multinationals have already established offices here. This interest has created opportunities in the office and industrial estate sectors. With a growing middle-income segment, retail centres are being developed in the main capital city.

Seychelles

The nearby 115-island archipelago of Seychelles has the smallest population of any African country, but has managed to grow its per-capita output roughly seven times since independence in 1976. Tourism is its primary economic driver, and the government’s encouragement of foreign investment to upgrade hotels and other services has resulted in significant growth in real estate projects and new resort properties. The establishment of the Seychelles International Business Authority, along with several pieces of enabling legislation, makes the country an increasingly attractive to invest in and operate from. Its small population, along with the major retail and office activity is centred in Mahe.

Indian OceanBroll Indian Ocean www.broll-io.com


Head office location: Ebene



Service Offerings: - Facilities Management- Property Management- Corporate Real Estate Services- Residential- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Research

Raffles Tower

19

Facts about Rwanda*



Major Cities:

Kigali (Capital) - Population: 900 000

GDP growth (2012): 7.7%



Key Industries: Cement, agricultural products, small-scale beverages, soap, furniture, shoes, plastic goods, textiles, cigarettes

Ports (airports, habours, inland ports) used: Cyangugu, Gisenyi and Kibuye


Literacy Rate (15+ yr)(2007-2011): 71%



Responding to the needs of these investors, Broll Rwanda opened in April 2013. It was a joint venture between Broll Property Group and the Rwanda Social Security Board (RSSB), with an initial property portfolio of some US$40 million under management.

The economy of Rwanda, although still based largely on subsistence agriculture, is continuing its remarkable transformation since the 1994 Genocide. Tourism constitutes the leading foreign exchange earner, with coffee and tea exports contributing strongly. The government’s main priorities over the last decade and a half have been health, education, infrastructure, as well as private and financial sector development. They show a desire and commitment to improving citizens’ living conditions, in addition to encouraging investment into the country. The business-friendly approach adopted by the Government continues to attract foreign investment in services, industry and mining. This is in line with the ambitious Vision 2020 initiative and Kigali City masterplan.

According to the World Bank and IMF, over the past eight years five East African economies implemented a total of 74 institutional or regulatory reforms improving the business environment for local entrepreneurs. Rwanda, the top performer in the region, made the most progress over the past seven years. Worldwide, it made the second-most progress. Over that period, Rwanda has implemented 23 regulatory reforms, making it easier to do business. The economy, among others, has undertaken ambitious land and judicial reforms, introduced new corporate, insolvency, civil procedure, and secured transactions laws. Rwanda made the greatest progress in improving its business environment between 2005 and 2012, followed by Burundi and is placed very well in ‘Ease of Doing Business Rankings 2012’.

Broll’s partner, RSSB, is also one of the country’s premier developers, and has engaged Broll to formulate sustainable Development Concept Designs for two of their proposed iconic developments in Kigali – Vision City Commercial Node and the new CBD Development Node. These will therefore cater for current and future demand for leading edge sustainable mixed use real estate of both local Kigali residents as well as national and international tenancies.

Rwanda

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Broll Rwanda Limited www.broll.co.rw


Head office location: Kigali



Service Offerings: - Facilities Management- Property Management- Retail Leasing- Retail Management- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Research

RSSB Tower One District Pension Tower

21

Broll Kenya is the newest addition to Broll’s African property services network, and opened in August 2013.

Kenya is the economic hub of East Africa. It reassured the world of its sustainable political stability with its 2013 elections, making it increasingly appealing to the international business community.

East Africa is a strong economic driver and offers a compelling business case for multinationals in all sectors. In addition, local business operators are sophisticated and often operate in several East African countries.

With sound macroeconomic and political policy in place, agriculture remains the largest employer in Kenya, with its big exports traditionally being tea, coffee and flowers to Europe. However, the service industry is now emerging as a major economic driver for the country.

The commercial sphere in Kenya is mainly being fuelled by the strong growth of the services sectors and the continued position of Nairobi as a regional hub. These two factors directly impact on the growing demand for office, retail and residential space. Nairobi is proving an attractive proposition for multinational corporate head offices on the African continent.

Retail trends have changed too, with consumers now choosing decentralised urban shopping malls over inner-city retail.

Kenya is a relatively cost effective market to operate in. Comparatively speaking, Kenya is a cheap country to build in and has a developed construction industry. In addition to this it has a functioning real estate market, which is a lot more mature than most other sub-Saharan Africa countries.

Facts about Kenya*

Population: 44,037,656 Million (July 2013 est)


Major Cities:

Nairobi (Capital) - Population: 3.1 Million

Kimusu - Population: 0.9 Million

Mombasa - Population: 0.9 Million

GDP growth (2012): 4.7%



Key Industries: Small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminum, steel, lead; cement, commercial ship repair, tourism

Ports (airports, habours, inland ports) used: Kisumu and Mombasa


Literacy Rate (15+ yr)(2007-2011): 87%



Kenya

Broll Kenya is the newest addition to Broll’s African property services network, and opened in August 2013.

20

Broll Kenya Limitedwww.broll.co.ke


Head office location: Nairobi

Service Offerings: - Facilities Management- Property Management- Corporate Real Estate Services- Retail Leasing- Retail Management- Valuations and Advisory- Investment Broking- Commercial Leasing Broking- Industrial Leasing Broking- Asset Management- Research

Eden Square

22

Contacts

Broll Property Group (Pty) Limited South Africawww.broll.co.za

Malcolm Horne, Group CEOPhone: +27 11 441 4043Email: [email protected] address: 27 Fricker Road, Illovo, Johannesburg, South AfricaPostal address: P.O. Box 1455, Saxonwold 2132

Broll Namibiawww.brollnamibia.com.na

Marco Wenk, Country CEOPhone: +264 61 374 500Email: [email protected] address: Zanlumor Building, 2nd Floor, Post Street Mall, Windhoek, Namibia

Broll Malawiwww.broll.co.mw

Ricky Kantema, Country CEOPhone: +265 1 834 311Email: [email protected] address: Suite A, Ground Floor, Kabula House, Chilembwe Road, Blantyre, Malawi

Broll Nigeriawww.broll.com.ng

Gavin Cox, Portfolio ExecutivePhone: +234 (1) 843 4132 +234 1 843 4133 Email: [email protected] address: 3rd Floor, The Octagon, 13A, A J Marinho Drive, Victoria Island, Lagos, Nigeria

Broll Ghana www.brollghana.com

Kofi Ampong, Country CEOPhone: +233 0 302 672 888Email: [email protected] address: 7th Floor, Ridge Tower, 6th Avenue, Ridge PMB CT485, Cantonments, Accra, Ghana

Broll Indian Oceanwww.broll-io.com

Rhoy Ramlackhan, Country CEOPhone: +230 468 1222 / 1223Email: [email protected] address: 2nd Floor, Suite 2 IJ, Raffles Tower, 19 Cybercity, Ebene, Mauritius

Broll Rwandawww.broll.co.rw

Jonathan Hemp, Country CEOPhone: +250 787 450 211Email: [email protected] address: 8th Floor, Grand Pension Plaza, Boulevard De La Paix, Nyarugenge, Kigali, Rwanda

Broll Kenyawww.broll.co.ke

Jonathan Yach, Country CEOPhone: +254 203 673 9400Email: [email protected] address: Broll Kenya, Eden Square 7th floor Block 1, Chiromo Road, 00606, Nairobi, Kenya

General Africa enquiries

Leonard MichauPhone: +27 11 441 4542Email: [email protected]

CIA The World Factbook

Stats SA

Joinafrica.com

Economist Intelligence Unit

International Monetary Fund Regional Economic Outlook May 2013

World Economic Outlook Database April 2013

tradingeconomics.com

data.un.org

World Bank Doing Business 2013

* broll.co.za

Specialised property services for sub saharan africa

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