Notice. FG Capital Advisors is a trade and capital advisory firm with a focus on carbon, commodities, and structured credit. The firm provides financial modelling, analytical support, and sponsor side advice around commodity finance, trade facilities, and related capital structures. FG Capital Advisors is not a bank, lender, credit insurer, broker dealer, or retail investment adviser and does not issue loans, guarantees, or insurance products. Any facility, guarantee, derivative, or investment is provided by regulated counterparties under their own licences and documentation. All potential transactions are subject to KYC and AML checks, sanctions screening, credit and investment committee decisions, independent legal and tax advice on the client side, and formal agreements with those regulated entities.
Commercial Real Estate Investment in Africa
Africa’s commercial real estate opportunity is real, but it is not uniform. Winning strategies are country-specific, cash-flow-led, and tightly aligned with local demand, tenant depth, and execution discipline.
FG Capital Advisors focuses on commercial real estate investment opportunities across Ghana, Ivory Coast, Zambia, DRC, Uganda, and Kenya. We prioritise resilient asset themes with clear utility, realistic capex, and governance that can support institutional underwriting and repeatable performance.
Discuss Africa Investment FocusOur Core Country Focus
We concentrate on markets where urban growth, trade corridors, and capital demand intersect with realistic underwriting and defensible asset management.
- Ghana with demand tied to corporate services, distribution, and expanding mid-market tenancy.
- Ivory Coast positioned as a West African commercial and logistics hub with growing institutional interest.
- Zambia where industrial services, trade-linked property, and mining-adjacent ecosystems can support stable occupancy.
- DRC with targeted opportunities linked to urban growth and strategic corridor-led demand.
- Uganda driven by population growth, domestic consumption, and regional trade flows.
- Kenya as an East African anchor market with a broader tenant mix and deeper capital participation.
Underwriting is always corridor-specific. We avoid generic continent-wide assumptions.
Asset Themes We Prefer
We look for assets that solve real commercial needs and can demonstrate measurable revenue logic.
- Industrial and logistics linked to ports, inland hubs, and cross-border distribution.
- Light industrial and business parks supporting SME and mid-market growth.
- Income-led redevelopment where repositioning is tied to real tenant demand.
- Mixed-use commercial anchored by proven consumption and institutional tenant profiles.
- Essential services real estate where usage is supported by durable economic activity.
We favour practical, occupancy-driven stories over speculative valuation narratives.
The Investment Logic We Believe In
Our approach is built around disciplined execution and a conservative view of demand.
- Cash-flow priority over headline yield claims.
- Realistic capex that matches local contractor and supply chain conditions.
- Tenant strategy backed by evidence, anchor logic, and comparable performance.
- Governance that supports transparent capital deployment and reporting.
- Exit logic grounded in local market reality and institutional appetite.
This creates a stronger foundation for both equity and senior debt alignment where relevant.
Where Sponsors Lose Institutional Capital
Many projects in these markets fail to attract serious funding for reasons that can be fixed early.
- Land or title pathways that are unclear, slow, or poorly documented.
- Revenue assumptions that do not survive conservative stress testing.
- Capital stacks that ignore the sequencing needed to de-risk construction and leasing.
- Weak delivery governance and unclear accountability across the project team.
- Overreliance on valuation narratives rather than stabilised operating metrics.
The market rewards sponsors who are precise, not optimistic.
How We Engage When Advisory Support Is Needed
In addition to our investment focus, we support sponsor-side capital strategy and modelling for projects that fit our country themes. The objective is to tighten the file so it is readable to credible equity and debt providers.
- Market and corridor framing with conservative demand assumptions.
- Development and operating models with downside cases and phased delivery logic.
- Capital stack design across sponsor equity, preferred equity, and senior debt alternatives.
- Data room structure that prioritises committee-relevant evidence.
- Coordination with regulated counterparties where lending or structured products are involved.
This sponsor-side support is selective and aligned with realistic execution readiness.
What We Typically Want to See
A concise pack is enough for an initial view on fit within our Africa commercial real estate themes.
- Location, asset type, phasing plan, and target tenant categories.
- Land or title status with a clear legal and closing timeline.
- Capex plan with major assumptions and contingency logic.
- Revenue strategy supported by pre-lease, anchor discussions, or proven comparables.
- Sponsor profile, equity commitment, and delivery governance.
If the file is early-stage, we will be direct about the minimum upgrades needed before serious capital engagement.
FG Capital Advisors focuses on commercial real estate investment opportunities in Ghana, Ivory Coast, Zambia, DRC, Uganda, and Kenya. Our approach is disciplined, cash-flow-led, and built around real demand drivers and execution governance.
If you are a sponsor or asset owner with a project aligned to these markets and themes, or an investor assessing structured opportunities across our focus countries, we can review fit and outline the most credible route to an institutional-grade outcome.
Submit Africa Commercial Real EstateDisclosure. FG Capital Advisors provides financial modelling, analytical, and advisory services. The firm does not originate, offer, or sell securities, loans, deposits, guarantees, or insurance products and does not accept client money. Any investment strategy, real estate opportunity, or financing pathway referenced on this page is provided for commercial and informational context only and may be subject to eligibility requirements, internal approval, conflict checks, and formal documentation. Commercial real estate involves development, leasing, legal, market, currency, and policy risk. Nothing on this page is a recommendation or a solicitation to enter into any transaction or to buy or sell any financial product. Any engagement with FG Capital Advisors is subject to KYC and AML checks and sanctions screening where required, and the terms of a formal engagement letter or applicable investment documentation.
