NAIROBI, (Xinhua) --
policymakers and experts will converge in Nairobi mid-March to discuss
opportunities in the green buildings sector across Sub-Saharan Africa, the forum
organizers said in a statement released on Wednesday.
organizers revealed that real estate professionals, financiers and developers
will brainstorm on the emerging opportunities in Africa’s nascent green
buildings sector that has potential for growth.
the founder of SPACE Event that has organized the forum said Africa could be the
next frontier for investments in energy efficient buildings thanks to friendly
policies and fiscal incentives like tax rebates.
green building movement is in its infancy in Sub-Saharan Africa, the past year’s
development show that great work is already taking place, with more than 25
projects in the pipeline for green accreditation,” Weihs said.
He noted that
institutional investors have injected massive capital in energy efficient
buildings that have proved to be profitable in the long term.
Weihs, the misconception that investing in a green building is a costly venture
has waned thanks to increased awareness on their health and ecological benefits
among developers and homeowners.
temptation to avoid sustainability on the grounds of cost is a huge
misconception,” said Weihs.
“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,” he added.
buildings sector in Africa has potential for growth subject to enactment of
progressive regulatory and policy frameworks as well as political goodwill.
the Regional Head of Africa Regional Network at the World Green Building Council
said the upcoming conference will help raise the visibility of energy efficient
building sector in the continent.
conference is taking place at a critical point in time where the green building
discourse is gaining traction in the African region,” said Afrane.
“The role of
the private sector in meeting Africa’s infrastructure needs requires an enabling
environment that is centered around sustainable development and awareness
raising on green opportunities,” she added.