Mckenzie Expects 25% Rise In Number Of Listed African Companies
International law firm Baker & McKenzie says it expects about 25 percent growth in the number of African companies listing shares this year, should all the firms that have indicated plans to float...
View ArticleRedefine International Acquires 56 German Retail Properties For $56.9m
Redefine International, a UK Real Estate Investment Trust (UK-REIT), listed on the London Stock Exchange, Thursday, said it had completed an €57.4 million ($64.9 million) acquisition of a portfolio of...
View ArticleHow To Pick Out The Perfect Real Estate Agent
What are the specifications listed on the sale of your property? What are the marketing ploys you are looking to avoid? Although it may seem like an easy venture, it is very important to sort out...
View Article10 Ways A Home-Seller Can Go Wrong
There are a number of reasons why you may decide to sell your home. But whatever the case may be, it is a challenge getting the process right – agent, pricing and negotiation. It is not enough for the...
View ArticleFine and Country Showcases Growing Statue Within Nigeria’s Real Estate Market
Fine and Country International West Africa has further shown its influence in the Real Estate Sector by holding its third series of the Real Estate Leaders’ Network. The event was held last week. “The...
View ArticleAngolan Diamond Miner Launches Hospitality Business With $40m Hotel
State-owned Angolan diamond mining company, Endiama, has unveiled its new glittering US$40 million four star hotel in the capital Luanda. The hotel is called”The Diamond”. The Diamond hotel, located in...
View ArticleNow May Be The Perfect Time To Sell Or Buy A House
You may be surprised to know that of all New Year resolutions people have set aside, relocating to a new home is very attainable. With the festivities over, when is the right time to buy or sell...
View ArticleNigeria’s Kano State Spends $200m to Develop New Mega Cities
Kano state is Nigeria’s second largest commerce hub and a key trading area in the northern region of the country. Its population has grown significantly over the past decade and currently sits...
View ArticleInfrastructure Invest to Help Uganda Grow by 5.3% this Year
this 2014/15 fiscal year. Outgoing finance minister Maria Kiwanuka told Reuters on Friday that the growth is driven by infrastructure investment aimed at maximizing benefits from an expected oil boom,...
View ArticleCentum attracts East Africa’s largest FDI from a Chinese corporation
Two Rivers Development belonging to East African private equity firm Centum Investments has gotten a funding of $70 million in equity from the Aviation Industry Corporation of China (AVIC). The...
View ArticleKenya’s ARM Cement Acquires Rwandan Manufacturer
second-biggest cement producer, ARM has completed the acquisition of Rwanda’s Kigali Cement as it continues expanding its East African market reach. The Kenyan company, which has held a 35 percent...
View ArticleInvesting in Infrastructure: Sub-Saharan Africa’s Top 5 Opportunities
This publication previously published an article titled “Public Private Partnerships: Sub-Saharan Africa’s Top 5 Opportunities” which highlighted the best countries for public private partnerships...
View ArticleAfrican Buyers Outstrip Europeans In Atlantic Seaboard ROI Race
A survey of all free-standing house sales on the Atlantic Seaboard in the past 18 months has for the first time given a comprehensive snapshot of precisely where buyers originate and how much has been...
View ArticleAfrica’s Top 5 Opportunities for Tourism
Africa’s tourism potential remains largely untapped. The continent accounts for 15 percent of the world population yet receives only about 3 percent of world tourism receipts and 5 percent of tourist...
View ArticleInvesting in Nigerian Real Estate – Transaction Structuring & Financing
Structuring is the cornerstone of any transaction and investment sector development. A robust and well thought through structure is one of the key determinants of the success of any transaction in any...
View ArticleLagos Set To Get World’s Tallest Residential Sprayed Concrete Tower
In the heart of Victoria Island, Lagos Nigeria, will soon stand an 18 Storey residential tower with seven 3-bedroom, thirteen four bedroom and two duplex penthouse apartments. Known as Ramzi Towers,...
View ArticleNigeria Real Estate Sector: Opportunity in Crises?
Shelter is a basic, primal need for every human and lies at the bottom of the hierarchy of needs, underscoring its absolute necessity. However, Nigeria is experiencing a huge gap in housing estimated...
View ArticleIHS Secures $80m For Affordable Housing Project
Overseas Private Investment Corporation (OPIC)’s board of directors has approved an $80 million finance for the provision of quality, affordable housing across sub-Sahara Africa. The U.S. Government’s...
View ArticleTwo Tales In One City
Mhlupheki Ndungwane (not his real name), an experienced Johannesburg-based journalist working for the Gauteng provincial government in South Africa, says he has had enough of the ruling Democratic...
View ArticleAfrica’s Real Estate Professionals To Unite In Nigeria For Sector Growth
Lagos, Nigeria’s commercial hub will from October 2 – 3 host the largest gathering of Africa’s real estate professionals as Real Estate Unite—the International Business-to-Business event that convenes...
View ArticleFides Finally Becomes Trustco’s Wholly-Owned Subsidiary
Pan-African financial services firm, Trustco, on Monday said Namibia’s Competitions Commissions Board had approved the acquisition of Fides Bank. This means Trustco has now completed the acquisition...
View ArticleTen Things You Must Do Before Investing In Real Estate
Global property portal Lamudi has shared with Ventures Africa 10 boxes that every prospective real estate investor must tick to make a successful investment. When it comes to property investment,...
View ArticleLamudi Launches App For Kenya’s Real Estate Market
The online property marketplace has moved to tap into Kenya’s growing real estate market by introducing an app, Lamudi: Real Estate for Sale and Rent. “The Kenyan property market is very vibrant. We...
View ArticleNairobi’s Changing Skyline: Commercial Real Estate On The Rise
The Nairobi skyline is among the most recognisable cityscapes in the world. For over 40 years, the iconic upturned hut atop the Kenyatta International Conference Centre (KICC) has helped people...
View ArticleLafarge Sells AshakaCem Stake For $252m
French cement giant Lafarge Group has sold 58.61 percent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in an off-the-market deal valued at N41 billion ($252 million). Lafarge sold 1.3...
View Article‘Real Estate Unite’ To Convene Largest Gathering Of Africa’s Property Market...
Africa’s real estate industry is experiencing exponential growth as economies across the continent record impressive growth, with the real estate market in Nigeria alone worth $360.3 billion, according...
View Article3Invest Announces Finalists For ‘Real Estate Unite 2014 Awards’
3Invest Ltd, a service real estate consulting and investment firm, organiser of the Real Estate Unite 2014, has announced finalists for different award categories, winners of which will be presented...
View ArticleWyndham Group To Unveil First African Luxury Hotel In Kenya
World’s largest hotel company, the Wyndham Hotel Group has agreed to build its first upscale Wyndham Hotels & Resorts property in Africa, which will be located in Amboseli National Park, Kenya –...
View Article30 New Marriot Hotels In 17 African Countries Before 2020
Africa’s largest hotel company, Marriott International, has said it is poised to add 30 properties across the Africa by 2020, nine of which will be launched by the close of 2015. The NASDAQ-listed...
View ArticleTranscorp Hotels IPO Already Oversubscribed
Valentine Ozigbo, the Chief Executive Officer of Transcorp Hotels Plc (THP) says the ongoing initial public offering (IPO) issued by his company is fast becoming oversubscribed and will translate to...
View ArticleKenya’s Simba Corporation Makes $34.5m Bet On Mid-Priced Hotels
Kenyan conglomerate Simba Corporation, owners of automobile dealership Simba Colt Motors, has revealed plans to invest about $34.5 million to set up a chain of mid-priced hotels across Kenya. Simba...
View ArticleOando Delves Into Real Estate, Floats $180m Office Facility
Nigeria’s largest indigenous oil firm Oando Plc has teamed up with three investors to float a $180 million state of the art office complex in Nigeria’s commercial capital, Lagos, with the aim of...
View ArticleHotels in Africa: Where to Build Them?
The race to build hotels in Africa has never been bigger than it is today. Global hotel chain Marriot International’s recent announcement of a $1.5 billion Africa expansion plan stirred the market and...
View ArticleSODIC To Invest $336m In New Real Estate Projects
SODIC, one of Egypt’s biggest listed real estate developers, is set to inject $336 million in 2015 in new projects, it said late on Monday. Additionally, the firm said it is on the lookout for new...
View ArticleCambria Africa Trades Heavily Indebted Leopard Rock Hotel For $2.5m
Cambria Africa, a long term, active investment company with primary activities in Zimbabwe, on Thursday said it has sold its heavily indebted Leopard Rock Hotel in Zimbabwe, including external debt of...
View ArticleAabar Acquires 5.1% Stake In Egyptian Developer Palm Hills
Aabar Investments, a subsidiary of the United Arab Emirates’ sovereign wealth fund, has purchased a 5.1 percent stake in Palm Hills, Egypt’s second-largest listed real estate developer. The acquisition...
View ArticleAfricans Need An Address
“The whole object of travel is not to set foot on foreign land; it is at last to set foot on one’s country as a foreign land.” – C.K. Chesterton Infrastructure is a cornerstone of a stable and...
View ArticleTranscorp To Commence Construction Of $140m Hotel In Lagos
Transcorp Hotels Plc. (THP) will begin the construction of its $140 million Lagos hotel in two weeks. The 300 room inn will be built on a 6,000 square metre plot of land acquired on Glover Road, Ikoyi,...
View ArticleFine and Country’s CEO Emerges ‘Most Influential Personality In African Real...
The influence of Fine and Country West Africa was further consolidated as its CEO Mrs. Udo Maryanne Okonjo, was awarded the “Most Influential Personality in African Real Estate” at the recently...
View ArticleAfrica’s Largest Economy Rolls Out Smart Cities Scheme
Nigeria’s Ministry of Communications Technology has initiated a Smart States initiative aimed at reducing Right of Way (RoW) fees and standardizing state levies and taxes on information and...
View ArticleFive Real Estate Predictions For 2015
What to expect from emerging market real estate in the new year As Africa, and other emerging ome of the developments that are on the cards for frontier real estate markets include; relaxed foreign...
View ArticleShelter Afrique Secures $50m Loan To Develop Low-cost Housing
Shelter Afrique, a pan-African financial institution dedicated to the development of the real estate and housing sector in Africa, has secured a Sh4.5 billion ($49.5 million) debt from the German...
View ArticleTanzania Seeks $1bn Infrastructure Upgrade Via Eurobonds
Never relenting in its quest to become a full-fledged regional hub for burgeoning businesses, Tanzania is launching new efforts to acquire capital needed to build the most reliable and efficient...
View ArticleWhy Foreign Investors Are Having A Rethink About Ghana’s Real Estate Market
An old school friend once told me in 1999 that Ghana would one day become the ‘Jewel in the Crown’ of West Africa. At the time I thought nothing of this passing comment, but as Ghana’s GDP growth rate...
View ArticleN50bn Aba Mega Mall: The World’s First Smart Mall is Taking Shape in Eastern...
Greenfield Assets Limited, in partnership with the Abia State government is currently developing the first purpose-built Smart Mall in the world and the largest Mall in Africa – Aba Mega Mall. The N50...
View ArticleRwanda to House Africa’s Newest Smart City
Rwanda, Ericsson to Float New Smart City Initiative Nairobi recently emerged the smartest city in Africa, creating in the process an incentive for other continental cities to join the bandwagon. In a...
View ArticleAfrica’s Most Dynamic Cities
PricewaterhouseCoopers (PwC), today launched the first edition of its ‘Into Africa – the continent’s cities of opportunity’ report, which details 20 African cities with the potential to be among the...
View ArticleTwo years after ground breaking, the $6bn Eko Atlantic City is gradually...
February 21, 2013, saw one of Nigeria’s most promising ground breaking events when the Eko Atlantic mega-city was given the green light to kick-off construction. Two years on, it is now preparing to...
View ArticleEthiopia to house East Africa’s tallest building
The largest commercial bank in Ethiopia, Commercial Bank of Ethiopia (CBE), has inked a deal with the China State Construction Engineering Corporation (CSCEC) to build its headquarters in Addis Ababa,...
View ArticleChina to invest $26bn in Equatorial Guinea
Last week, the Industrial and Commercial Bank of China (ICBC) signed a deal to invest $26 billion in Equatorial Guinea. The ICBC, China’s biggest lender, said most of the fund will go to providing...
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