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Simone handed leadership of two Kempinski properties in Kenya

Kempinski Hotels has announced Roberto Simone as the new general manager Villa Rosa Kempinski in Kenya. Described by the company as a well-rounded luxury hospitality professional, he will also take up leadership of the high-end tented camp in Masai Mara, Olare Mara Kempinski.

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Tenants Like Exxon Help Grit’s Pitch for London Capital Raising

Grit Real Estate Income Group Ltd. is seeking to double its market value to more than $800 million through a London share sale, highlighting lucrative Africa real-estate tenants such as Anadarko Petroleum Corp. and Exxon Mobil Corp. to sell the investment case.

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Multi-billion rand property development for Dolphin Coast – Seaton

The North Coast, already one of the country’s hottest property growth areas, is set to benefit from further investment totaling close to R10 billion. Royal Shaka Property group unveiled the first phase of a multi-billion-rand development last week, which will kick-start a plan to push the boundaries on estate living and drive new sources of […]

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Nigeria breaks ground for US $10.7m shopping mall in Kaduna

Nigeria is set to commence construction of a new shopping mall in Kaduna state worth US $10.7m. This is after Kaduna State Governor, Nasir El-Rufai performed the groundbreaking ceremony of the development.

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Enugu hosts South East Housing Summit

Real Estate Developers Association of Nigeria, (REDAN), South-East zone, has concluded arrangements to host a major Housing Summit and Exhibitions next month.

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Court suspends order freezing Humprey Kariuki’s property over tax evasion

A Nairobi Court has extended stay orders baring the seizure of movable property belonging to companies associated with billionaire Humphrey Kariuki pending conclusion of an investigation being carried out by the Directorate of Criminal Investigation (DCI).

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‘Adequate Data, Key To Effective Housing Delivery’

A real estate developer, Mr Samuel Ukpong, has identified provision of adequate data and adherence to rules and regulations as key to effective housing delivery. Ukpong, a former Chairman of the Nigerian Institution of Estate Surveyors and Valuers, Lagos Chapter, made the observation in Lagos, yesterday.

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South African retailer TFG to review Kenya, Ghana stores

South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom said on Thursday.

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New Massmart CEO to take over from September 1

Mitchell Slape to assume leadership role following the approval and granting of his intra-company transfer permit and visa to work in SA. Walmart-controlled retailer Massmart, which in July reported its first trading loss since listing on the JSE in 2000, says new CEO Mitchell Slape will take over on September 1 after receiving his work […]

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BREAKING: Nigeria’s Inflation drops to 11.08% in July 2019, slowest in 3 years

Nigeria’s consumer price index, which measures inflation dropped to 11.08% in July 2019. This was revealed in the latest inflation report released by the National Bureau of Statistics (NBS). According to the NBS report, inflation dropped by 0.14% points year-on-year, lower than the 11.22% rate recorded in June 2019.

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