Profica opens shop in Zimbabwe

AWARD-winning property and construction solutions company, Profica is establishing an office in Zimbabwe making it the eighth regional office for the firm in Africa and beyond. In a statement, the company’s senior project manager, Mr Tinashe Manyande, who is also in charge of the Zimbabwe operations, said…

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More Cranes for West Africa Container Terminal

In response to continued volume growth in the Eastern Nigerian market, the West Africa Container Terminal (WACT) located in Onne Port, has invested in two new mobile harbor cranes. The two Liebherr LHM 550 cranes are due for deployment in July this year.

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Radisson Hotel Group welcomes new CFO for EMEA

Radisson Hotel Group has named Sergio Amodeo as the new chief financial officer of Radisson Hospitality for Europe, the Middle East and Africa (EMEA), and member of the Global Steering Committee for Radisson Hotel Group, effective June 1.

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Leading Efforts to Deliver Affordable Housing

To tackle the housing crisis, a concerted and collaborative approach is required. This explains the multi-layered efforts of housing development institutions such as the Federal Mortgage Bank of Nigeria (FMBN), the Federal Housing Authority (FHA), which are wholly government-led and private sector-driven housing programs such as the Nigeria Mortgage Refinance Company (NMRC), Family Homes Fund (FHF), Nigeria Mortgage Warehouse Fund Limited (NMWFL), wherein government also holds substantial interest amongst others.

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Nigeria’s ambitious “economic recovery plan” is not going according to plan

After Africa’s largest economy suffered a recession in 2016—its first in over two decades, the government came up with an answer. Or at least it thought it did.Based on hopes of aggressive growth, the Nigerian government launched its “Economic Recovery and Growth Plan” (ERGP) in March 2017 with a string of bold projections to turn the slump around. But latest data from Nigeria’s statistics bureau (NBS) shows the plan is well off-course.

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Uhuru launches mortgage refinance company to boost affordable housing agenda

– The Kenya Mortgage Refinance Company (KMRC) was established under a public-private partnership arrangement

– The company will provide long-term cheaper loans to primary mortgage providers, including banks, microfinance banks and Saccos

– Uhuru said the new venture is aimed at addressing the deficit in housing created by the huge rise in the country’s population

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Angola cancels mega real estate deal awarded to Isabel dos Santos

In a decree, it said the contract had been cancelled “after establishing overcharging” and denounced a “violation of moral principles”. In January 2016 former president Jose Eduardo dos Santos approved a tender awarded to several companies — including Urbinveste, in which his daughter Isabel is the main shareholder.

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