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Updated – Development: Eko Tower II, Victoria Island – Lagos

Published August 2014. Updated January 2017. Name: Eko Towers II; Location: Adetokunbo Ademola Street, Victoria Island – Lagos; Floors: 27; Contractor: Cobel Construction; Architects: Enia Architects; Client: Eko Hotels Limited; Use: Mixed (Medical and Social Centre, Guesthouse, Accommodation unit, Restaurants and Bars, Conference Centre). The Eko Towers II is a 27 floor mixed use development at the Adetokunbo […]


Africa Logistics Properties Acquires Second Nairobi Site for Industrial Development

Africa Logistics Properties (ALP), an integrated commercial property investment platform with a principal focus on the logistics and industrial sector, have completed their second Nairobi land acquisition of 22.3 acres in Tatu in Northern Nairobi. They are backed by diversified investment holding company, Maris. With this project, the company would like to deliver Nairobi’s first international standard Grade-A […]


Looking back on 2016: Notable moments in African hospitality and travel

2016 was a memorable year for the world as a whole – the deaths of so many greats, the rise of populism in the West – and for us in Africa, elections, economic challenges and headwinds.  Economic recession in many of the continent’s bigger markets framed the story for their hotel and travel industries…depressed commodity values, foreign exchange […]


Finnish Private Equity Investor Increases Exposure to East African Real Estate

Taaleri, a Finnish financial group, is increasing their exposure to East African real estate by continuing their alliance with Cytonn Investments and partnering with East African real estate investment and private equity firm, Fusion Capital. The Helsinki listed group has subsidiaries in wealth and asset management, private equity, insurance as well as other financial services. In […]


Development: The Exchange, Accra – Ghana

Name: The Exchange; Location: 7 Acre site close to Kotoka International Airport, Accra – Ghana; Use: Mixed Use: Residential – 100 Apartments & Penthouses (1, 2 and 3 bedrooms); Hospitality – 206 room Radisson Blu; Office – 16,000m2 Retail – 12,000m2 Developer: Actis, Mabani Holdings; Contractor: MSF Construction; Project Manager: Profica; Executive Architect: Dar Al-Handasah; Design Architect: HOK; Farrow […]


Hilton Announces New Hotel Projects in Africa

Hilton Worldwide announced at the 2016 Africa Hotel Investment Forum (AHIF) in Kigali, Rwanda, that the company had signed 3 new hotels in a bid to expand their coverage over the African continent and grow their footprint to 80+ hotels worldwide over the next 3 – 5 years. Among the new hotels is the continent’s first modular built hotel, […]


Africa’s First Modern Electrified Railway from Ethiopia to Djibouti Opens

Africa’s first modern electrified railway was launched on Wednesday October 5, 2016 in a grand inauguration ceremony in Addis Ababa, Ethiopia. The rail lines connecting the capitals of Ethiopia and Djibouti are about 752.7km long, moving at a speed of approximately 120km/h. It is was constructed by China Civil Engineering Construction Corporation and the Chinese Railway Group with […]


Marriott Opens 254-Room Marriott in Kigali, Rwanda

Earlier this week, Marriott International officially opened the doors of its first Marriott Hotel in Rwanda. The 254-room Marriott is located in Kigali, Rwanda’s capital city and 20 minutes away from the Kigali International Airport. According to the hotel group, it is creating approximately 500 jobs and will be among the country’s biggest and most luxurious […]


Marriott Increases African Footprint with New Signings in 4 African Cities

Weeks after creating the world’s largest hospitality company through its acquisition of Starwood Hotels and Resorts, Marriott has announced signings of new properties in Nairobi, Cape Town, Mauritius and Cairo. Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International explained that once completed, these new signings would bring their total African property and […]


Tracking private equity deal activity in Africa

Real estate and private equity market players discussed deal activity in the African private equity sector on CNBC Africa yesterday following the publication of the H1:2016 African Private Equity Data Tracker by the African Private Equity and Venture Capital Association. Watch Ponmile Osibo, Manager for Research and Training at the African Private Equity and Venture Capital Association; Funke Okubadejo, […]


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