Michael Chudi Ejekam Blog: The 2018 Economic And Real Estate Outlook
Latest news from the Michael Chu’di Ejekam Blog: February 6, 2018.
Fine & Country organized ‘Navigating Change’ in collaboration with Business Day and Lagos Business School. ‘Navigating Change’ will set the tone for the year by identifying the impacts of the current economic and political standing in the Real Estate Industry. Winning strategies for the current economic state was discussed by experts and current trends and opportunities for residential and commercial sectors were also mentioned by some.
Michael Chu’di Ejekam: 2018 Economic And Real Estate Outlook
The Real Estate Outlook session was formally started by Dr. Henrietta Onwuegbuzie, Director of Entrepreneurship, Lagos Business School, with her welcome address. Mr. Frank Aigbogun, Publisher for Business Day, then commenced the seminar by saying Real Estate mirrors the Economy and gave his insights to the current economic situation.
‘Navigating Change’ was described by Mrs. Udo Okonjo, CEO/Vice chair of Fine & Country, as a crucial seminar to discuss the reflection of the current and new market situation that is beaming with bright opportunities for Real Estate Entrepreneurs. Three main topics were discussed: Real Estate, Real Disruption; Bridging the Financial Gap; and Residential and Commercial Trends and Opportunities.
As one of the special guest, Mr. Michael Chu’di Ejekam shared his insights and experiences working in the retail real estate. As a world-renowned leader in his field, the audience were keen to know his predictions for 2018’s economic and real estate growth, taking into consideration the current economic situation and its potential effects for Real Estate growth for the country.
During the program, Fine & Country and Lagos Business School has announced their collaboration to launch a Real Estate Leadership Course that will start on June 2018. She added that Fine & Country’s main goal is to continuously provide thorough leadership course in the Real Estate sector through courses such as this which is designed for Real Estate Entrepreneurs.
David Mbah, Commercial and Advisory Consultant, finished the Real Estate Outlook event by giving the Fine & Country’s perspective, wherein he shared a detailed insight on the Real Estate industry for 2018. Read the full details of this article: http://castles.com.ng/articles/economic-real-estate-outlook-2018/
Michael Chudi Ejekam Blog: Impact of Retail on Youth Employment
Through the years, Michael Chudi Ejekam has had a hand in the development of several malls throughout Nigeria and Africa as a whole. These retail spaces aren’t just a sign of a growing economy, or even of improving lifestyles for people. For Nigeria’s unemployed young workers, they may be a sign of hope. This Michael Chudi Ejekam blog explores the unemployment issue in Nigeria and how retail just might be a key piece in solving it.
A “Society in Danger of Destruction”
Not too long ago, the president and CEO of Dangote Group in Nigeria used that phrase to describe the difficult employment situation. Aliko Dangote spoke out about the dangers associated with unemployment in a 2015 editorial, which served as an open letter to the Buhari administration. Referring to youth unemployment (up to age 34) as “the monster that has kept our teeming youths on the fringes of human existence,” he called for the administration to “slay” it. “Our entire society is in danger of destruction unless we pay attention to this huge segment of our young and jobless global population,” he added. Around that time, youth unemployment rested around 50%, an astounding level that no doubt contributed to countless other issues throughout the country.
Retail Could Help Break the Cycle
Naturally, as the population grows, so, too, does the unemployment rate. The good news is, retail could play a key role in reducing youth unemployment throughout the country. Broll Nigeria recently held a roundtable discussion called “Retail Industry: 10 Years from Now,” and the industry experts concluded that retail could be the biggest employer of youths in the coming years. Bolaji Edu, CEO of Broll Nigeria, offered further insights into the industry. “Despite a challenging environment,” he said, “Nigeria still holds promise for investors who are willing to take a long-term approach on investments.” However, the government will play a large role in whether retail continues to expand and create jobs. “The outlook for the retail sector is largely dependent on economic reforms as well as the lifting of foreign exchange restrictions,” Edu added.
So, although retail may not be a magic bullet that slays the beast, it very much could be with the right governmental procedures and policies in place. This would not only impact the Nigerian youths of today but will build for a better future for the country overall.
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For more information on the retail sector, business, investments, and news that matters to people throughout Nigeria and Africa, please be sure to bookmark the Michael Chudi Ejekam Blog now. We’ll be adding articles periodically, creating a searchable database of news, tips, and insights right here on this site.
Michael Chu’di Ejekam Presentation At Broll Convention
Michael Chu’di Ejekam delivered a presentation on the Broll event titled “Retail Industry: 10 Years from Now”. Michael’s presentation focuses on Nigeria’s retail development and is aptly named “The next generation of malls in Nigeria – the same? or Adapt?”. Check this slideshare for more information.
Download Michael Chu’di Ejekam Presentation HERE
Michael Chudi Ejekam Blog Presents: 5 Largest Retailers in Africa
As a thought leader in Africa’s retail revolution, Chu’di Ejekam constantly has eyes on how businesses throughout the region are doing. This enables him to keep a pulse on the industry and assess opportunities for growth, as well as offer advice to companies he consults, so that they may avoid the same pitfalls other enterprises have made. Like Michael Chudi Ejekam, Deloitte Global also offers insights into global matters for investors, and the group has recently published their findings for the top retailers in Africa. Here’s a look at their top five, as well as some background information on each.
Michael Chudi Ejekam’s opinions on Shoprite Holdings Ltd have been covered by the media repeatedly. The powerhouse brand topped the charts by bringing in $9.9 billion during the last reporting period.
The Wal-Mart subsidiary, Massmart Holdings Ltd, has been in the news lately because it isn’t quite hitting the mark in terms of expected growth, but company officials aren’t worried at all. According to Bloomberg, Chairman Christo Wiese told an audience at the Consumer Goods Forum’s global summit that businesses need to plan to stay for the long haul before setting up shop in Africa for this reason. CEO Doug McMillon also remains optimistic about the region. “South Africa is a terrific market and it gives you something to work with but our aspirations are for the sub-Saharan African region,” he said. The company hit $7.5 billion during the last reporting period and took second place.
3. Pick n Pay
During the same reporting period, Pick n Pay Stores Ltd reached $6.3 billion. The company recently announced that its profits were up a full 26% and that it plans to expand. Their revamped strategy for growth includes expansion into Nigeria and opening 175 stores in various formats. The heart of it will be in Nigeria, with 51% of operations being held within the country.
4. The SPAR Group
Eyes have been on the SPAR Group Ltd, as the company has recently been working on expansion outside of Africa. However, Chief Executive Officer Graham O’Connor reassured Bloomberg in an interview, “The Southern African region is still our primary focus — we are seeing good returns in Botswana, Zambia, and Mozambique.” The company brought in $5.2 billion and came in fourth place during Deloitte’s research. At the time of the Bloomberg interview, another 5% increase in sales was noted.
Recently named “South Africa’s Most Reputable Retailer” and reporting strong gains globally. Woolworths Holdings Ltd easily made its way into the top five. With earnings of $3.8 billion, the company beat out the next in line by more than $2 billion. CEO Ian Moir gives credit to clothing sales in South Africa, which recently jumped up 11.7%.
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Michael Ejekam is an expert in Nigerian retail, investing, and commercial real estate. He was part of the team that brought Heritage Place to fruition. As Nigeria’s first green certified commercial building, it has paved the way for other buildings and raised the standards for commercial development. Michael Chu’di Ejekam also goes by Michael Chudi Ejekam, Michael Ejekam, Chu’di Ejekam and Chudi Ejekam. Being involved in commercial real estate and retail investments, Michael Chudi Ejekam is constantly watching the market to see which companies are performing well.
Michael Ejekam — Developments for Nigeria
Once he traveled back home to Nigeria, Chudi Ejekam played a key role in the “retail revolution.” As the Director of Real Estate for West Africa of Actis, the most active retail developer in sub-Saharan Africa, he took part in the development of many major retail malls in Nigeria, Ghana, and broader West Africa, as well as the first green certified building in all of Nigeria. Overall, he originated more than $750 million in retail projects, and his knowledge and background led to the success of countless ventures throughout Nigeria. Today, Mr. Michael Ejekam remains in Lagos, Nigeria, and is poised to continue developing and bolstering the local economy. As the retail climate in West Africa continues to change, his expertise and experience will no doubt prove invaluable.
Bookmark the Michael Chu’di Ejekam Blog
If you haven’t done so yet, please take a moment to bookmark the Michael Chu’di Ejekam Real Estate Blog. We’ll be adding all kinds of articles pertaining to retail, investment, and commercial enterprise throughout Nigeria and all of Africa. From time to time, we’ll also add in insights directly from Michael Chu’di Ejekam, so expert advice and opinions on the market will always be at your fingertips