A Salient Rethink Seeks To Paper The Cracks In Africa’s Proptech Build

By  |  February 8, 2023

Africa’s real estate sector is indisputably a goldmine. While its exact worth is difficult to determine due to diversity and fragmentation, experts suggest that the market, being one of the fastest-growing in the world, is worth trillions of dollars. 

Credit to the advent of Airbnb, smart homes, and phone-based mortgage purchases, technology is transforming the global property industry. Per stats from Future Market Intelligence, as of 2021, proptech was worth USD 67.5 B and is projected to grow to USD 86.5 B in 2022.

Technology has penetrated and disrupted the property industry of other most likely more developed economies. In Africa, though, it has had a bit of a back-breaking time disrupting the status quo. Proptech startups have been emerging across the continent, driven by the sector’s growing need for efficiency and transparency.

Most Read

From Bootstraps To Breakthroughs: Unravelling South Africa’s Startup Secrets

The startup ecosystem in South Africa is a buoyant and dynamic industry propelled

Moniepoint Is Stepping Up Its Global Ambitions As UK Plans Take Shape

Moniepoint Inc., the parent company of one of the largest business payments and

Tracing The Rapid Rise Of E-Mobility in Kenya

The global automotive industry has shifted significantly towards electric vehicles (EVs) in recent