25-26th August 2015

Sandton Convention Centre, Sandton, South Africa

DRAFT AGENDA

Platinum sponsor

Additional sponsors

Gold sponsor

Silver sponsor

Conference Agenda
Day 1: Tuesday August 25th
07:30 - 09:00
09:00 - 09:15
09:15 - 09:35

Registration, Breakfast and Expo

Welcome and Opening address by our Platinum Sponsor - Reaching new frontiers
INVESTMENT
African Economic Outlook
Africas growth outlook continues to be robust despite rising headwinds for the continents
economies. Africa has emerged as a frontier market driven by high commodity and oil prices,
stable macro-economic environments and rising internal consumer spending. However,
traditional export markets in Europe remain stagnant, Chinas growth is slowing and the
global oil price has fallen all of which negatively impact the growth outlook of Africas
extractive industries-dominated economies. Regardless, South African and multinational
companies continue to capture and consolidate their businesses in the region.
In this session we investigate whether business opportunity is increasing or diminishing for
firms seeking to enter and operate in the African business environment, elaborating on:

09:35 - 10:15

Macro Economic outlook for the region

Political and economic governance and changing economic landscapes in Africa
How does the growing property industry improve economic prospects on the continent?
Africa compared with competing emerging markets

Measuring the pulse of Africa

INVESTMENT

In this session we elaborate on what the economic variables actually mean across different
investment climates and regions - How developers should be interpreting these statistics?





10:15 - 11:00

GDP growth is gaining traction, but is this being translated into development and
increasing spend?
Which countries are easiest to do business in?
Where do we see the most FDI inflow and why?
What are governments doing to promote development in their country?

Property investment in Europe / Eastern Europe compared with Africa

SECTOR FOCUS

Comparing the African risk /reward with European opportunities.

Improvements in the European economy has led to increased investor appetite for risk in
the region. Furthermore, attractive relative pricing driven by improved property investment
supply, portfolio restructuring, rising prices and the impact of quantitative easing has put
Europe in the spotlight for global investors. Will Africa follow these trends and does this
region compete for capital originally targeted at Africa?
In comparing these two distinct investment environments, we look at:





11:00 - 11:45

The comparative ease of doing business and setting up a property development/

investment company
Expected risk-adjusted returns of property investments and opportunities for developers
Comparative construction costs
Long-term prospects for property owners.

Africa Speed Networking Session, Tea Break and Media Interviews

NETWORKING

This session will allow individuals to get to know the players in the room and hear about their
strategy in Africa. The networking format will assist delegates with building contacts and
growing business relationships across the continent.

www.apisummit.co.za

[email protected]

+27 11 250 2260

11:45 -12:30

Outlying Cities vs. Capital Cities

DEVELOPMENT

In Africa, many of the key drivers such as oil, gas and agriculture are located away from
major metropolitan areas. Hence there is a trend of urbanisation not only from these areas
to capital cities, but also into smaller towns; providing developers and investors with further
opportunities.
In recognition of the importance of these localities, i.e. Kenya is implementing political,
administrative and fiscal decentralization of the central government, further boosting the
regional towns and economy. This is a trend seen across the continent.
In this session we take a look at the benefits and opportunities of developing outside the secondary
towns/ cities in Africa and whether they give rise to lucrative yields or increased risk?







12:30 - 12:50

What are the drivers of growth in these smaller towns? Education, Tourism, Mining, oil,
Agriculture, major transport routes?
What the benefits and pitfalls are of first mover advantage in smaller towns
Rentals and returns compared to the major capital cities
What development needs do we see arising in smaller towns in Africa
Land costs compared to capital cities or major urban nodes
How does infrastructure hamper development growth in smaller outlying towns?

API Tracker Presentation

SECTOR FOCUS

With a multitude of development projects underway in Africa, we showcase a unique tool

that enables you to track what is currently happening on the continent. This tool allows
developers, investors, tenants and enthusiasts to easily track the investment into real estate
and infrastructure on the continent.
Where the key real estate investment projects are in Africa
Which countries in Africa are receiving real estate FDI?
Which sectors are witnessing the largest growth retail, industrial, commercial, or
residential?
How has the property investment landscape changed year on year?
How are we able to track the progress of real estate development in 5 years time?
12:50 - 14:00

Cocktail Lunch and Expo

14:00 - 14:30

Mauritius as the financial center of choice for investment in Africa

INVESTMENT

Mauritius has, since the launch of its global business sector some 22 years ago, emerged as
the destination of choice to structure investments in emerging markets. Mauritius is actively
involved in regional cooperation; being a member of SADC and COMESA. Major American and
European institutional investors and fund managers have regularly been using Mauritius to
structure their investments in emerging markets.
The maturity and innovative legal framework together with a long-lasting political stability
provides Mauritius with a unique platform for investments into Africa. This session will
elaborate on the following key considerations:
Mauritius as a world class international financial center
The advantages of Mauritius as an offshore jurisdiction
Internationally agreed tax standards and treaties concluded with African states Case
studies.
The continued development of Investment Promotion and Protection Agreements (IPPAs)
and tax treaty networks with African countries
14:30 - 15:15

Delivering projects in Africa on time and within budget

We discuss with Africas leading QS firm, amongst others, about the numerous delivery
challenges that the African real estate developer is presented with. Ensuring that a project
is delivered on time and within budget is essential to maintaining credibility with tenants and
keeping within certain boundaries of acceptable return.
No two projects are the same. In this session we discuss the necessity of a skilled professional
team able to navigate the various complications and snags that will present themselves:

What to expect when planning a project in Africa?

What unforeseen costs could you encounter?
What factors cause the most delays on projects?
Challenges of poor infrastructure and logistical difficulties on site in Africa
Dealing with a professional team on site in Africa

AFRICA PROPERTY INVESTMENT SUMMIT 2015

CONSTRUCTION

15:15 - 16:00

African Currency Crisis?

FINANCE

Currency mismatches represent a major financial risk for investors, developers and tenants.
Countries such as Ghana, Nigeria, Mozambique and Kenya have seen drastic devaluation of
their local currencies. The dollars advance versus African currencies over the past twelve
months, sparked partly by speculation the Federal Reserve was preparing to raise interest
rates, makes it costlier for nations to pay interest and principal with local currency, highlighting
the fact that it is not only investors who are at risk, but governments too.





15:15 - 16:00

The volatility in currency also poses threats to investors

Regional currencies can they potentially play a role in bringing stability?
Rental Agreements do local tenants pay dollar rates? How can your feasibility accurately
reflect changes in currency?
Can Africa Currency Future Contracts help mitigate African currency risk?

Breakaway Session

SECTOR FOCUS

CURRENCY, COSTS and CAPITAL RAISING 3 key themes 3 breakaway sessions to allow
further in-depth discussion.
1. Currency MAIN PLENARY ROOM
2. Construction costs BREAKAWAY 1
3. Capital Raising BREAKAWAY 2
16:00 - 16:30

Afternoon Tea Break and Media Interviews, EXPO

16:30 - 17:30

Project Showcase: 5 developers, 5 exciting projects!

DEVELOPMENT

In this session we allow 5 developers within Africa to present their projects in 5 slides within
5-7 minutes, giving the audience the opportunity to see first hand how the African landscape
will change in the coming years.
This will be followed by a Q&A where presenters will answer any delegate questions in order
to obtain insight into:





18:00-21:00

What factors contribute to the success or failure of projects in Africa?

The changing face of tenant profiles in Africa
Lessons learned when buying land
Growing competition between developers is there enough room for everyone?
Where are the development opportunities in Africa?

Cocktails and Dinner

NETWORKING

Day 2: Wednesday August 26th

08:00 - 09:30

Breakfast and Registration

08:30 - 9:30

MASTERCLASS

09:30 - 10:15

Key Note Speaker Address

10:15 - 11:00

Financing your Real Estate project Is local currency an option?

SECTOR FOCUS
FINANCE

Financial structuring and flexibility when financing your property development and investment
across Africa is key. The session, sponsored by Standard Bank, will present the audience with
a short overview of the financial options available for deals across the continent and will be
followed by an insightful panel discussion where we will discuss, amongst other topics, the
following:
In-country local currency funding options versus dollar funding
Managing exchange rate differences to effectively finance your property development
A case study
11:00 - 11:30

Tea Break and Media Interviews

www.apisummit.co.za

[email protected]

+27 11 250 2260

11:30 - 12:15

African REITs and Investment Structures

FINANCE

REITS provide a platform for inclusive ownership of commercial property in Africa. Following
trend in South Africa, we predict an explosion of capital flowing into REIT structures over the
next 3-5 years. Countries such as Kenya, Nigeria and Zambia are all implementing new REIT
legislation.
In this session we look at the future of REITS in Africa and elaborate on:





12:15 - 13:00

Types of REITs Income vs. Development

What are the challenges when trying to list a REITs in Africa?
Formation and Structure of the REITs in East Africa Including a look at the tax benefits
The ability for REITs to invest in regional property?
Prospects for growth in market capitalisation of REITs industry?

Facilities and Property Management in Africa

SECTOR FOCUS

The development or purchase of a property asset is just the beginning. To ensure the optimal
performance and preservation of investment property on the continent, effective property and
facilities management is crucial. African countries are often subject to complex conditions
and there is a strong need to resource and plan strategically with regards to administration,
technical and financial management.
This discussion delves into the issues associated with managing property on the continent,
detailing the following factors:

The increasing complexity of service management

The decision to manage internally or outsource to specialists
Continued cost pressures and the lack of appropriate skills
Overcoming supply chain and logistical issues

13:00 - 14:30

Lunch

14:30 - 15:15

Retail In Africa

SECTOR FOCUS

The time is ripe for big brand retailers to set up shop in Africa, with many using South Africa
as a springboard into continent. The rapidly emerging middle class and increasingly wealthy
consumers are embracing western brands, products and lifestyles. At the same time, retailers
need to understand the importance of supply chains, labour costs and consumer dynamics.
This session delves into the following considerations of retailers in Africa:






15:15 - 16:00

Understanding the rise of the African middle class and the impact it has on the retail market
International retailers are flowing into the region although barriers to entry and ease of
doing business might be a deterrent to foreign investment.
How do you see the retail environment changing in Africa?
Do logistical issues pose a risk to the retailers African expansion?
What do retailers look for when entering the market?

Breakaway Session

SECTOR FOCUS

The various regions across the continent present a story of rapid economic growth and an
expanding consumer class, with each region also presenting its own unique set of challenges.
This session will allow us to consider three key investment hotspots Anglophone Africa,
Francophone Africa and Lusophone Africa.
1. Anglophone Discussion MAIN PLENARY ROOM (Run by the MC, discussion chairs)
2. Francophone Discussion BREAKAWAY 1 (Ivan Cornet, Colin Mukete, DRC, RWANDA)
3. Lusophone Discussion BREAKAWAY 2 (Brett, Pylos, Angola, CR Holdings Moz)
16:00 - 16:30

Tea Break and Media Interviews

AFRICA PROPERTY INVESTMENT SUMMIT 2015

16:30 - 17:00

Global megatrends driving Real Estate growth opportunities in Africa

FINANCE

Rapid urbanisation, population changes, and other global megatrends including

industrialisation, technology, and sustainability in city planning will drive growth in the real
estate industry across Africa over the next five years. In this session, we elaborate on:

Africas young population will drive the demand for real estate and different types of real
estate. Across Africa there will be continued urbanisation, an expansion of current cities
and the rise of new cities.
Industrialisation will continue across Africa and will be accompanied by a rapid growth in
the retail sector.
The export of natural resources and agriculture will remain key sources of economic growth,
but will expose certain countries to increased risk.
Infrastructure shortages will create opportunities for investment.
The influence of government policy and legislation on the decision to invest will increase,
while local partnerships will become increasingly important.
Continued advancement within pension fund, stock exchange and banking regimes will
facilitate investment, and an increased range of investors will drive demand for real estate
investment opportunities.
Technology will impact business and building practices, as well as consumer behaviour.
Sustainability will become entrenched in building design and occupier requirements, with
Africas most ambitious countries changing city design and building practices.

17:00 - 17:15

Closing Statement - API 2015

17:30 - 19:00

Cocktails San Deck

www.apisummit.co.za

[email protected]

+27 11 250 2260