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Take a look at Africa’s Industrial Players, with AfCFTA signed, more are coming

The African Continental Free Trade Agreement (AfCFTA) is looking to transform Africa’s defragmented markets by bringing a host of opportunities to facilitate inter-regional trade and deepen economic integration for participating countries. The extensive impact of the AfCFTA is expected to cut through the African commercial property market, especially within the Industrial and Logistics segment, which […]


NEC Approves $650M Seed Funding for Presidential Infrastructure Development Fund

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power […]


Lagos 4th Mainland Bridge gets Green Light as the State is set to announce New Investors

Discussions around the construction of the 4th Mainland bridge in Lagos have resurfaced as the State Government disclosed works on the proposed N844 Billion (US$2.46B) bridge will commence before year-end. Adebowale Akinsanya, Lagos’ Commissioner of Works and Infrastructure made this public at a press conference held to mark the 3rd Anniversary of the State’s Governor […]


The IFC is considering lending $50m to Lagos State for the development of two ‘Quality Bus Corridors’

The International Finance Corporation, member of the World Bank Group, is currently considering lending the Naira equivalent of up to US$50 million over a 10 year period to the Lagos State Government for the development of two ‘Quality Bus Corridors’ or QBCs. The two QBCs identified for IFC financing are Command – Abule Egba (6 km) and Ile Iwe Junction – Ile Epo (4.3 […]


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 arm of the Islamic Development Bank Group (IsDB), and IIML, the private equity arm of […]


Updated – Development: Raymond House, Broad Street, Lagos Island – Lagos

Name: Raymond House; Location: 97/105 Broad Street, Lagos Island – Lagos; Floors: 7; Developer: Afriland Properties; Contractor: Cappa & D’Alberto; Architect: Pieach Limited; Mechanical, Electric and Plumbing Engineer: Etco; Other members of Project team: FO & AB Partnership; Sanni Ojo & Partners. Published: November 2016. Updated: January 2018. Raymond House, a 7-floor office property located […]


Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

The Lagos State Government has announced the closure of the N85,140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State. Commissioner for Finance, Mr. Akinyemi Ashade in a statement, said the Bond was issued in two tranches of N46,370,000,000 16.75% Tranche 1 maturing August 2024 and the N38,770,000,000 17.25% Tranche […]


A.P Moller Raises $550m for Africa Infrastructure Fund and Targets $1bn in 12 months

A.P. Moller Holding, a privately held investments company with approximately $20bn under management has launched a new infrastructure fund with a focus on Africa. The fund has received commitments of $550m from large Danish pension fund anchor investors including PKA, PensionDanmark and Lægernes Pension. Following first commitments, the fund will be open for additional institutional investors for […]


Flagship Infrastructure Debt Fund Lists on FMDQ OTC Exchange

Subsequent to receiving required approvals from the Securities and Exchange Commission, Chapel Hill Denham Management has registered and established the Nigeria Infrastructure Debt Fund (NDIF) ₦200bn Issuance Programme. The first series under this issuance programme (Series I: 49,450,000 units of ₦101.20 each) worth over ₦5bn has been issued with 14 investors already making commitments. The […]


Infographic: Milestones of the Federal Ministry of Power, Housing and Works

The Federal Ministry of Power, Housing and Works has published a list of its achievements from May 2015 till date to mark the 2nd year since the Buhari administration came into power. The Ministry is confident that the Power, Works and Housing sectors are key in their drive to improve infrastructure, create jobs and serve […]


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