Africa – ei – estate intel

Africa

February 18, 2018
MTN, China Civil Engineering Construction Corporation (CCECC) and Madison Capital will be moving into Roma Park

MTN, CCECC and Madison Capital will be moving into Roma Park in Lusaka

MTN, China Civil Engineering Construction Corporation (CCECC) and Madison Capital will be moving into Roma Park, a 120 ha. mixed-use urban development by Rendeavour located in Lusaka, Zambia. MTN’s new head office will take up 4,500sqm of land in the […]
February 17, 2018
IFC Invests $3m to help Kenyan pharmacy create regional retail chain in East Africa

IFC Invests $3m to help Kenyan pharmacy create regional retail chain in East Africa

Late last month the International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of $3 million in Goodlife Pharmacy Limited, a Kenyan pharmaceutical retail chain. The investment was made to help the company expand to more than […]
February 16, 2018
Kenya's First Modern Logistics Centre Attracts E-commerce FMCG distributor

Kenya’s First Modern Logistics Centre Attracts E-commerce FMCG distributor

Copia Global, a fast-growing online FMCG distributor operating in the US and Kenya has signed a long-term lease with Africa Logistics Properties (ALP) for 4,500 sqm of its flagship logistics and distribution complex in Tatu Industrial Park, Kenya. ALP announced […]
February 8, 2018
Construction Begins at Douala Grand Mall in Cameroon. Image Source: Profica

Construction Begins at Douala Grand Mall in Cameroon

Construction work recently commenced at the site for the Douala Grand Mall in Cameroon according to African project managers, Profica. Phase 1 of this Actis led project will include an 18,000m2 retail and leisure centre, while Phase 2 (Business Parc) includes […]
February 8, 2018
Garden City, Nairobi.

Actis sells stake in Kenyan construction management company to Turner & Townsend

Leading growth market investor Actis, today announced via a press release that it has agreed to sell its stake in Mentor Management Limited (MML) a Kenyan project management company, to Turner & Townsend, a UK-based real estate construction and advisory […]
January 30, 2018
AfDB's new Office in Abuja. Image Source: AfDB

Nigeria requests to host the African Development Bank’s Regional Office

During the commissioning of the African Development Banks’ new office complex in Abuja earlier this month, Nigeria’s Finance Minister, Kemi Adeosun relayed a formal request by the Nigerian Government to host the AfDB’s West African regional hub. Counting on Nigeria’s […]
January 30, 2018
Mr. Khaled Al-Aboodi, Chief Executive Officer of ICD, and Mr. Krishna Kumar, Chief Executive Officer of IIML signed the agreement in Jeddah.

Islamic Development Bank and Indian Investor team up for $1bn Africa Infrastructure Fund

The Islamic Corporation for the Development of the Private Sector (ICD) and IL&FS Investment Managers Limited (IIML) have signed a shareholder agreement to establish a US$1 Billion fund that will focus on infrastructure projects across Africa. ICD, the private sector […]
January 24, 2018
Mediterrania Capital Partners leads an investors’ consortium investing €55 million in TGCC. Mediterrania Capital Partners leads an investors’ consortium investing €55 million in TGCC

Mediterrania Capital Partners leads an investors’ consortium investing €55 million in TGCC

Mediterrania Capital Partners (MCP) has led an investor consortium to acquire Travaux Généraux de Construction de Casablanca (TGCC), Morocco’s leading general contracting company specializing in construction and public works for a total consideration of €55m. MCP, a Barcelona-based private equity […]