Africa’s population is projected to reach 2.4 billion by 2050, that’s 1.3 billion more people than there is today. This growth will result in a huge demand for buildings and an estimated 80 per cent of those that will exist in 2050 are yet to be built. Data from the International Energy Agency shows that buildings and construction are currently responsible for almost 40% of global greenhouse gas emissions and by improving the energy efficiency of buildings, we could reduce energy consumption by 5-6% and subsequently reduce operational costs of a building.
SPACE, a two-day business exploring the business value efficient and smart build investment have on the African market, will debate whether building with sustainable methods and materials is also the most cost-effective way to ensure a long-term profit for real estate projects.
Matthew Weihs, founder of the SPACE event, said: “Although the green building movement is in its infancy in Sub-Saharan Africa, the past year’s developments show that great work is already taking place, with more than 25 projects in the pipeline for green accreditation. The temptation to avoid sustainability on the grounds of cost is a huge misconception. Environmentally friendly materials and building methods are becoming increasingly accessible, and in the long-term, they prove not only better for the environment, but also cost-effective, and more profitable. Crucially, they show the potential to achieve better investment returns and higher valuations and it’s something that the big investors want to put their money behind.”
Weihs also highlighted the World Green Building Council participation in the event, citing the expertise the council would bring on board.
Jane Afrane, recently appointed Regional Head of the Africa Regional Network at the World Green Building Council “The role of the private sector in meeting Africa’s infrastructure needs requires an enabling environment that is centred around sustainable development and awareness raising on green opportunities.”
SPACE will take place at the Radisson Blu, Nairobi Upper Hill from 13-14 March 2018 and will showcase prominent speakers with diverse experiences and reputable expertise from diverse sectors.