Morocco opens Africa’s largest port

Nine years in construction, Morocco’s $1.3bn Tanger Med 2 port has opened, becoming the largest both in Africa and the Mediterranean, and one of the 20 largest ports in the world.
The second and final phase of the project was to construct 1.6km of docks and an automated container terminal. The terminal will add 5 million containers a year to the capacity of the existing Tanger Med port, creating a “mega-hub” with the ability to handle up to 9 million containers.

Read More

Women in Business and Tourism launched

he Ghana Chapter of Women in Business and Tourism (WIBAT), a group of women entrepreneurs across the Africa, engaged in tourism development, has been launched in Accra, with a call on them to manage talents to grow the tourism sector.

Read More

How NSIA is driving infrastructural development, projects

The Nigeria Soverign Investment Agency (NSIA) is determined to explore investment opportunities in the country and beyond to ensure that they benefit from its mandate. With investments spread across oil and gas, agriculture, power, among others, NSIA appears set to guarantee returns on investments for its subscribers. In this interview with reporters, NSIA’s Managing Director/CEO Uche Orji talks of the prospects and challenges of the Authority, saying while the agency is keen on investing, it is weary of making wrong investment decisions. Group Business Editor SIMEON EBULU was there.

Read More

Construction Aggregates in Africa: Rising Construction of Office Spaces Open New Opportunities

Countries across the African continent are witnessing increased rates of population growth, and subsequently, the region is also witnessing rising demand for infrastructural and residential development. With the growing global trend of urbanization, and the rising requirement for transport infrastructure, the demand for construction aggregates in Africa is anticipated to remain high for the foreseeable future. The regional market for construction materials has displayed a gradual growth trajectory over the years. This can be attributed to healthy growth in the economy of numerous countries in the region.

Read More

SA REITs eager to seize opportunities in other African countries

South African Real Estate Investment Trusts (REITs) have renewed their appetite for African property assets following a challenging economic environment negatively impacted the local listed property sector in 2018.  There is renewed appetite to expand into other African nations as investors look to gain first mover advantage in the continent — Africa Property News has learned.

Read More

GRIT Real Estate – The next level

GRIT Real Estate Income Group (LON:GR1T), the leading pan-African real estate company, has released a trading update for its financial year ending June 2019. The company is on track to deliver its targeted 12% total shareholder return for FY June 2019, and an increased dividend. Furthermore, the occupancy rate stands at 97.2%, and 95% of expiring Gross Lettable Area has been renewed or replaced.

Read More

Grit continues to deliver secure growing income

Grit Real Estate Income Group, which is listed on the JSE, in London and in Mauritius and which invests in property assets in seven African countries, excluding South Africa, said yesterday its portfolio continues to deliver secure and growing income, and it was trading in line with the board’s expectations. The group said in a trading update ahead of the release of results the year to end-June 30, 2019, that they are “on track to deliver its targeted 12percent total shareholder return and positive growth in dividend”.

Read More