African-American Real Estate Mogul to Invest in Development in Africa Reviewed by Momizat on . British-born Ashish Thakkar of Mara Group and Quintin E. Primo III of Capri Global Capital have signed agreements to form Mara Capri Africa Ltd. with the goal o British-born Ashish Thakkar of Mara Group and Quintin E. Primo III of Capri Global Capital have signed agreements to form Mara Capri Africa Ltd. with the goal o Rating:
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African-American Real Estate Mogul to Invest in Development in Africa

British-born Ashish Thakkar of Mara Group and Quintin E. Primo III of Capri Global Capital have signed agreements to form Mara Capri Africa Ltd. with the goal of pursuing high quality commercial and residential African real estate developments. Both Thakkar and Primo have a distinguished track record in the property sector.  Mara Group has a $1 billion portfolio spanning four continents and Primo – said by Forbes Magazine to be one of the U.S.’s top ten wealthiest African-American’s – co-founded the U.S.-based Capri Capital Partners LLC with $3.6 billion in fair market value assets under management as of the end of September.

“Africa’s un-tapped potential is staggering,” said Primo. ”As one of the world’s fastest growing economic regions it desperately needs quality real estate.  And, by seeking to address Africa’s challenges, shared expertise means we can also potentially help our economy and jobs at home – it’s a win-win for both continents.”

“By 2040, Africa is projected to be home to one in five of the planet’s young people and the world’s largest working-age population,” said Thakkar. “That, alongside increasing political stability and a rising middle-class means that Africa is ripe for foreign direct investment and we hope to be at the forefront of that.”

Mara Capri Africa is expected to pursue substantial real estate opportunities across all property sectors, including retail, office, hospitality and residential.



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Comments (5)

  • Doni Glover

    Always glad to hear of African-African American economic cooperation. Very interested in learning more about opportunities in Botswana, one of the largest diamond reserves in the world (to my knowledge).

  • admin

    I think you’re correct. My understanding is Botswana transformed from an agricultural-based economy in the 1960s to a country that has consistently displayed one of the highest economic growth rates in the world. The diamond production has spurred that growth. A number of people (and governments) see Africa as a key global market for the next 20 years.

  • regiK

    This is powerful> < We all need keep an eye of this one … 2040 …

  • Derek Mangum

    I am currently in early phase development of outlining potential real estate projects in Africa with a biz partner who is living in there. Would love to bounce ideas around with anyone that’s interested.

    Countries of interest: Morocco, Gabon, Sudan, South Africa, Zimbabwe, Tanzania, Ghana. Tx – Derek

  • Jen Bennett

    Very helpful – Thanks Norm!
    @Derek Mangum – Get in touch with me at thevillagetovillage@gmail.com. I have others with interest in real estate projects in Africa as well.

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