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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...

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Redefine 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...

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How 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...

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10 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...

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Fine 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...

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Angolan 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...

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Now 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...

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Nigeria’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...

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Infrastructure 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,...

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Centum 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...

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Kenya’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...

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Investing 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...

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African 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...

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Africa’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...

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Investing 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...

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Lagos 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,...

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Nigeria 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...

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IHS 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...

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Two 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...

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Africa’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...

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Fides 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...

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Ten 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,...

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Lamudi 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...

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Nairobi’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...

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Lafarge 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...

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‘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...

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3Invest 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...

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Wyndham 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 –...

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30 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...

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Transcorp 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...

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Kenya’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...

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Oando 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...

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Hotels 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...

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SODIC 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...

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Cambria 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...

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Aabar 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...

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Africans 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...

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Transcorp 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,...

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Fine 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...

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Africa’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...

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Five 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...

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Shelter 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...

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Tanzania 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...

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Why 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...

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N50bn 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...

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Rwanda 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...

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Africa’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...

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Two 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...

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Ethiopia 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,...

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China 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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