February Investment Spotlight
Focus on emerging opportunities in Ghana's secondary cities and Tanzania's growing commercial sector.
Editor's Note
This month we're shifting focus from major capitals to explore the untapped potential in secondary cities across Ghana and Tanzania's emerging commercial hubs.
Ghana's Secondary Cities: Hidden Gems
While Accra continues to dominate headlines, savvy investors are turning their attention to Ghana's secondary cities where property values remain attractive and growth potential is substantial.
Kumasi: The Garden City
Ghana's second-largest city is experiencing a renaissance. With a population of over 3 million in the greater metropolitan area, Kumasi offers:
- Average property appreciation of 12% annually
- Growing student population from KNUST and other universities
- Expanding commercial districts in Adum and Bantama
- Government infrastructure investments in roads and utilities
Investment Opportunity
Mixed-use developments near KNUST campus are showing rental yields of 10-14%, significantly higher than Accra's 6-8%.
Takoradi: Oil City Transformation
The discovery of offshore oil has transformed Takoradi into a major economic hub. Key developments include:
- New port expansion creating 15,000 jobs
- International oil companies establishing regional offices
- Luxury housing demand from expatriate workers
- Service sector growth supporting the oil industry
Tanzania's Commercial Sector Boom
Tanzania's economy is diversifying rapidly, creating new opportunities beyond traditional tourism and agriculture sectors.
Dar es Salaam: Financial Hub
The commercial capital continues to attract regional headquarters and financial institutions:
- New stock exchange building boosting financial sector
- Grade A office space commanding $25-30 per sqm
- Retail developments in Masaki and Oyster Bay
- Industrial parks attracting manufacturing investments
Arusha: Northern Corridor Gateway
Strategic location between Kenya and Tanzania makes Arusha a logistics and conference hub:
- International conference center driving hotel demand
- Cross-border trade creating warehouse opportunities
- Tourism sector supporting service businesses
- Government decentralization bringing civil service jobs
Market Data & Trends
Ghana Secondary Cities
Tanzania Commercial
Next Month Preview
In our March newsletter, we'll be covering the Q1 2024 market report with comprehensive analysis of major African property markets, including detailed performance data from Lagos, Accra, and Nairobi.
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