Afriland Taps UBA to Address Diaspora Investment Risks
A property management, investment and development company, Afriland Properties Plc., has pledged to provide verified property investment opportunities and institutional-grade project delivery to address risks faced by diaspora investors.
The company said on Sunday that it was set to provide such interventions through its partnership with the United Bank for Africa (UBA’s) newly-launched Diaspora Services Platform.
Afriland made this known in a statement signed by its Executive Director, Mr Kayode Odebiyi. It noted that diaspora investors often faced risks such as construction delays, cost escalations, developer credibility concerns, and challenges in oversight and management.
“Afriland is well-positioned to address these concerns through rigorous due diligence, a competence-based development framework, first-class project management, and full information transparency,” it said.
It said that as a publicly-listed development company, it operates under strong corporate governance and regulatory oversight to drive success in Nigeria’s real estate market.
Afriland said that the partnership with UBA was unveiled in Lagos on the theme: “Beyond Banking: Powering the Diaspora Lifestyle”.
It said that the platform was a structured digital marketplace connecting Africans abroad to trusted service providers across banking, real estate, and lifestyle solutions.
It quoted the Head, Diaspora Banking at UBA, Anant Rao, as highlighting the strategic importance of the African diaspora to the continent’s growth.
“Africa has not fully utilised the power of its diaspora. Engaging and enabling Africans abroad will define the next phase of Africa’s growth.
“With UBA’s global footprint across Africa and major international financial centres, the partnership is expected to make it easier for diaspora investors to participate in Nigeria’s real estate sector by combining trusted banking infrastructure with structured, transparent property development,” it quoted Rao as saying.
Afriland Properties Plc., with a portfolio of about N30 billion, offers services across the real estate value chain. # Afriland Taps UBA to Address Diaspora Investment Risks Inflation Rate to Rise by 3.5% in January – AIICO Capital
