Real estate transparency and governance in Africa are crucial for the sustainable development of the continent's real estate sector. Transparency in real estate transactions and governance practices can help attract investment, ensure fair and ethical business practices, and promote economic growth.

One example of efforts to improve real estate transparency in Africa is the Real Estate Transparency Index by JLL, which assesses the transparency of real estate markets globally, including in African countries. The index measures factors such as data availability, market fundamentals, regulatory and legal frameworks, transaction processes, and sustainability initiatives.

In terms of governance, the African Union's African Peer Review Mechanism (APRM) is a voluntary self-assessment tool that African countries can use to improve governance, including in the real estate sector. By participating in the APRM, countries commit to improving transparency, accountability, and the rule of law, which can have a positive impact on the real estate industry.

Improving real estate transparency and governance in Africa can also be supported by initiatives such as the Extractive Industries Transparency Initiative (EITI), which promotes the transparent and accountable management of natural resources, including land and property rights.

By enhancing real estate transparency and governance, African countries can create an environment that is more attractive to both domestic and foreign investors, leading to increased investment in infrastructure, urban development, and affordable housing.

These efforts can contribute to the overall economic development of the continent and improve the livelihoods of its people.

References:

1. JLL Real Estate Transparency Index: https://www.jll.com/real-estate-transparency-index
2. African Peer Review Mechanism: https://www.aprm-au.org/
3. Extractive Industries Transparency Initiative: https://eiti.org/