Wema Bank takes over CMB building over unpaid N226.5m debt

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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Listed property stocks a hard sell, say fund managers

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.

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Puzzle of Nairobi’s oldest construction site

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.

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Nigeria received capital inflows worth of $33.27 billion in 17 months

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.

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UAE to participate in Africa Trade Week in Johannesburg next Sunday

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.’

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New technology for building a house in 11 days

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.

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Alaro City Achieves 100% of First phase of Residential Plots

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.

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