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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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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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Almost Half of H1:2016 Private Equity Fundraising Exclusively Dedicated to Real Estate

In their African Private Equity Data Tracker, the African Private Equity and Venture Capital Association revealed that in H1:2016, 83 PE deals with a total value of USD$0.9bn were reported, while another USD$1.1bn was the total value of African PE fundraising in the same period. Of this US$1.1bn, 46% of the total raised is exclusively dedicated to real estate opportunities in […]

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Sanlam Africa Core Real Estate Investments Reports Lower Profit for June 2016

For the 6 months ended June 2016, Sanlam Africa Core Real Estate Investments Ltd reported a profit before tax of $1.1 million, lower than the $1.5 million for the same period a year ago. The fund explained that the regions where they are holding assets continue to suffer an economic slowdown.  The sustained slump in commodity […]

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Mara Delta to expand into Mauritian Hospitality Sector

In late August, Mara Delta (formerly Delta Africa) advised it’s shareholders that it has entered into negotiations with Néréide Limited, a wholly-owned subsidiary of Lux Island Resorts Limited, to acquire the Tamassa Resort, located in Bel Ombre on the south western coast of Mauritius for a purchase consideration of the Euro equivalent of $40 million […]

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