Thanks to Ayodeji Adegboyega and Business Insider Africa for the Headline
Being surrounded in our town in the UK by what seems like continuous housing developments being put in with inadequate infrastructure and what seems to be a “build them quick” mentality, it’s interesting to read that the same process is happening in the Ivory Coast at the behest of a Moroccan billionaire.
Abidjan sounds a fascinating city, having being built on various islands and peninsulas in the Έbriέ Peninsula.
The investment is being used to build a luxury mixed-use development in Abidigan’s Zone 4 district. The project will feature four 20 -storey residential towers, office space and a major shopping centre. It marks a strategic shift by Addoha Group ( owned by Morrocan the billionaire investor) toward higher-margin, premium developments across Africa.
It seems the same business model throughout the World, the scheme is expected to start generating revenue shortly, Addoha Group are moving away from supplying much needed low cost housing in the markets it operates in throughout Africa to more profitable high end developments that generate increased profits.
This model has been used in our town of Swindon and frankly has lead to a town centre that is deserted and has looked like a building site for thirty years, will we ever learn?
An AI generated image
Namaste and Thank You for Reading.🙏
thenotsomightyom 