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Hilbroy Advisory: Top banker says housing market in Africa is growing
Hilbroy Advisory: Top banker says housing market in Africa is growing
The collaborating organisations are Ghana Housing Finance Association, Pison Housing Company of Nigeria and National Banking College in Accra.
Montreal,
Quebec,
Canada
(prbd.net)
17/02/2011
Montreal, Quebec, February 16, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : A senior official of the Bank of Ghana on Tuesday held out hope for the housing market in Africa saying the industry was growing and gradually becoming a major driver of economic growth.
Mr Wilson K. Narh, Deputy Governor of the Bank of Ghana (BoG), said this underscored the need to explore ways of deepening the market further.
He said the development of housing finance schemes and the management of housing finance risks in Africa would clearly contribute to the overall growth and development.
This was contained in a speech read for him at the maiden annual African Real Estate and Housing Financing Academy at the National Banking College in Accra by Mr Lawrence Nketsiah, Deputy Head of Research of BoG.
Topics to be discussed at the five-day session, which is to create a platform to network housing practitioners and build capacity to develop a strong and efficient mortgage market across Africa, include "Mortgage Designs in African Markets", "Raising Capital for Real Estate Development" and "Financial Instruments in Real Estate and Housing Finance".
The collaborating organisations are Ghana Housing Finance Association, Pison Housing Company of Nigeria and National Banking College in Accra.
Mr Narh stressed that a vibrant mortgage market was a key component in the development of financial markets.
However, growing the mortgage market depended on key fundamentals such as a stable macro-economic environment, availability of long-term finance, efficient payment systems and a strong legal and regulatory framework to ensure repayment and foreclosures in case of default.
Mr Narh noted that the terrain of providing housing and housing finance in Africa was "uneven and complex".
He said housing was one of the basic needs of society and for sub-Saharan Africa, research had shown that housing needs were often placed on the same pedestal as education and healthcare.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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