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Radisson announces its fourth hotel in Ethiopia [Construction Report]

The Radisson Hotel Bahir Dar, located in the North East of Addis Ababa, will be the first Radisson branded hotel and the Group’s fourth hotel in the country. This achievement brings Radisson Hotel Group’s African portfolio to almost 100 hotels in operation and under development.

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Real estate: Declining credit reflects underlying weakness

The data published by the National Bureau of Statistics stated that the commercial banks’ credit to the real estate sector dropped by 17% y/y to N588.7 billion in Q3 2019 from N710.2 billion in Q3 2018. The data also revealed that the real estate share of banking sector credit fell to 3.62% in Q3 2019 […]

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Govt targets 470 000 housing units

Government is targeting to deliver at least 470 000 housing units across the country within the next decade as part of efforts to alleviate the housing shortages, a senior official has said.

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Nigerian economy’s 40% exposure to foreign credit is dangerous- CBN

The Central Bank of Nigeria (CBN) has warned that the 40% exposure of the nation’s economy to foreign credits portend danger.

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CBN to increase LDR to 70%

The Central Bank of Nigeria (CBN) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020.

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No industrialisation, wealth creation can happen without enabling environment, says Elumelu

TONY Elumelu, Founder of the Tony Elumelu Foundation has urged African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries to drive industrialisation and wealth creation in ACP member states.

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Understanding trends shaping Nigeria’s real estate sector

As the year winds down, we find out what trends have shaped Nigeria’s real estate sector this year, as figures from the National Bureau of Statistics (NBS) show the sector has contracted for the second consecutive quarter, after coming out of recession in the first quarter of this year. Jemil Dawodu, Managing Director of CBRE […]

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DMO clarifies Nigeria’s external debt

The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by successive governments over many years.

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SA’s residential property sector resilient, despite sluggish economy

Economic uncertainty is causing investor-orientated buyers to defer getting into the market – Andrew Golding.

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The Northcourt 2019 Ghana Real Estate Market Report

Ghana’s real estate market has grown considerable in the last 10 years on the back of consistent political stability, rising equality and economic prosperity as well as an urbanization rate that is one of the fastest on the continent

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