A Federal High Court sitting in Lagos, Southwest Nigeria has granted Wema Bank of Nigeria Plc the power either by itself or through its appointed Receiver Manager to take over and preserve the property of a limited liability company, CMB Maintenance & Investment Company used as security to obtain loan that has not been paid, pending the determination of the substantive suit
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Dubai-based Emerging Markets Property Group (EMPG), Mubawab, has finalised the purchase of Jumia‘s North-African real estate portal, Jumia House. The pan-African e-commerce platform sold the real estate portal at an undisclosed amount.
It is becoming harder to make the case to invest in SA’s listed property stocks while economic growth is weak and funds are raising little capital at home, a panel of landlords and fund managers said on Wednesday at a property conference.
Bandile Zondo, Executive Head of Finance at Standard Bank joins CNBC Africa to talk about what the listed property space holds for investors in 2020 at the on-going SAPOA Annual Convention.
The Kenya National Examinations Council’s New Mitihani House in Nairobi’s South C has been under construction for the last 30 years, earning itself the title of the city’s oldest construction site. How the building, which was meant to house Knec headquarters, has remained under construction for three decades despite numerous budgetary allocations remains a puzzle to many observers.
Management of Port Harcourt Mall, a foremost business and leisure destination in Nigeria, has assured tenants, customers and shoppers of their safety and that of their business at the mall. The assurance was contained in a statement obtained by BusinessDay on Monday
The Central Bank of Nigeria (CBN), has revealed that Nigeria attracted total capital inflows worth $33.27 billion in the past seventeen months. A breakdown shows that the country’s Foreign Direct Investment (FDI) constitutes 33% (about $10.65 billion) of the total capital inflow for the period under review.
A high-level trade and investment delegation organized by the Ministry of Economy under the chairmanship of H.E. Eng. Sultan bin Saeed Al Mansoori, UAE Minister of Economy, will participate at the Africa Trade Week, set to be held in Johannesburg, South Africa, from 23-25 June, under the theme ‘Africa – The New Home for Trade.’
The Minister of Works and Housing, Samuel Atta Akyea, has commissioned a Rapid Housing Technology in Accra.
Commissioning a 3-bedroom house model constructed within 11 days using the Rapid Housing Technology, Mr Atta Akyea, said the technology is a game changer in the housing industry in Ghana which will help wipe out the huge housing deficit confronting the country within a short period.
All the “Buy & Build” residential serviced plots have been fully subscribed in the first phase of Alaro City, a new inclusive city in the Lekki Free Zone, Lagos. These plots were put in the market only in January and within six months they are gone and the phase two is now open, according to a statement by Rendeavour, Africa’s largest new city builder.