Ep #08: Blockchain Solutions for Real Estate Transparency in Africa with Nnamdi Uba
Today’s guest is Nnamdi Uba, Co-Founder/CEO at Systemap by HouseAfrica. Nnamdi's entrepreneurial journey led him to leveraging blockchain technology to tackle land and property titling issues in Africa. Fueled by his passion for innovation and social impact, he joins the podcast to share the unique approach he is taking to address housing challenges on the continent.
Listen in as Nnamdi breaks down the intersection of technology and real estate in Africa, examining the growing adoption of blockchain and crypto and its transformative potential. You’ll hear about the meticulous due diligence processes Nnamdi has implemented to ensure the legitimacy of land listings on his platform and learn how HouseAfrica's software is revolutionizing property transactions.
Listen to the Full Episode:
What You'll Learn In Today's Episode:
How Nnamdi got into entrepreneurship. (1:35)
What prompted him to start a company using blockchain tech. (5:31)
The consumer behaviors around property ownership he is seeing. (13:35)
The due diligence that HouseAfrica puts in place for their buyers. (17:06)
How HouseAfrica’s business model is structured. (19:07)
What people seem to value the most about the software. (20:43)
What Nnamdi believes to be the lever for growth. (23:42)
Why he is so passionate about solving this problem. (30:46)
Why the opportunity to invest in Africa is so compelling. (34:38)
Ideas Worth Sharing:
“We make sure that all the land the real estate companies are using on our platform are not under government acquisition and all other transactions from how they bought it, are completed. That is how we ensure the land is verified and safe.” - Nnamdi Uba
“We don't want to work with everyone. We want to work with people who understand real estate or people who believe that this is a real problem that needs to be solved. It's not just about money, because money, of course, is fine, but we want people that can mentor us, give us access to networks that can help us go to the next level." - Nnamdi Uba
“Africa is still the best place to invest because the returns are usually higher. You have a higher risk, but you also have a higher return. So most of the time if you invest in Africa, even with all the difficulties involved, you're still making a good amount of money.” - Nnamdi Uba
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