Afriscaper : Crowdfunding US$1 billion for African real estate projects
If you think of investing in Africa as a local resident of a foreign country who wants to tap into the fast rising African investment pool or as an African living in the diaspora but face the challenge of finding a trustworthy platform that would help them vet the possible investment options. Look no further Afriscaper is here.
Afriscaper, an online technology platform developed to simplify real estate investing in emerging markets, is raising US$1 billion through crowdfunding for African real estate & infrastructure projects
According to data from the World Bank, it is estimated that Africans in Diaspora remit as much as $120 billion annually to their home countries.
The largest of such remittances goes to Nigeria. The country’s Finance Minister, Mrs Kemi Adeoshun recently announced that Nigerians in Diaspora remitted $35 billion home in 2016. This would make Nigeria’s Diaspora remittances the third largest in the world behind China & India.
Afriscaper was developed to simplify real estate investing in emerging markets by connecting real estate developers with international real estate investors through cutting-edge technology.
Real Estate Developers submit their plans to Afriscaper. Afriscaper conducts a 32-Step Pre-Vetting Process. Projects that pass this are handed over to PWC for due diligence. If the project is approved, it is listed on the Afriscaper platform.
So the platform allows anyone view high quality real estate projects that need funding and creates a transparent process for investors to invest directly in projects of their choice.
Diasporans looking to invest in Africa should do the following:
- Go to the Afriscaper platform and sign-up for free
- View the various real estate offerings
- Invest in real estate projects that meet your investment criteria (US$1,000 is the minimum amount one can invest)
- Read the emails from Afriscaper & make sure to sign up for the free webinars so you can ask questions
