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CMA approves Kenya’s first Green Bond for construction of hostels

The Capital Markets Authority (CMA) has approved Kenya’s first green bond which is expected to raise Sh5 billion to put up students’ hostels. The unlisted bond structured as a restricted public offer will be issued by Acorn Project (Two) Limited Liability Partnership.

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Ghana to begin construction of Cathedral National Park

Construction of the National Cathedral in Ghana is set to commence following demolition of buildings made up of offices and residential apartments for state officials to pave way for the development.

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Wealthy buyers snap up trophy homes at Two Rivers Mall

Wealthy buyers have snapped up houses at Two Rivers Mall in Ruaka, Nairobi, as the promise of luxury living persuaded them to shrug off reports of a current real estate slowdown in the country. Centum Real Estate, the company behind the project, says it sold 48 apartments, or 30 per cent of the 160 units […]

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Vacant houses: Experts canvass paradigm shift among developers

To resolve challenges of affordability mismatch resulting to unsold and unoccupied developed houses in major Nigerian cities, government and real estate developers have been urged to embrace the paradigm shift that encourages the provision of houses to those who really need them. Such a paradigm shift, housing experts said, should move from market-driven pricing system […]

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R400m deal signed to build commercial and industrial solar projects in SA

The SOLA Group has secured R400 million in order to build commercial and industrial solar PV facilities across Southern Africa. The renewable energy fund will enable 40 MW of solar PV projects to be built without capital expenditure by the electricity off-takers.

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Mortgage finance as solution to Nigeria’s housing deficit — Expert

The importance of housing as a basic need to man, cannot be overemphasised. But to make housing available to people requires an effective mortgage system for funding housing in any country, just as the country’s economy must be sound to support the country’s housing needs.  

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Agility second-quarter net profit up on strong warehousing and infrastructure units

Agility, one of the Arabian Gulf’s biggest logistics firms, reported a 8 per cent year-on-year rise in second-quarter net profit due to strong performance in its warehousing and infrastructure businesses. Net profit for the three month period ending June 30 rose to 21.6 million Kuwaiti dinars (Dh260.8m), the Dubai and Kuwait-listed company said in a […]

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Africa need $1.4 trillion to end housing deficit- Shelter Afrique

Africa needs more than $1.4 trillion in funding to be able to effectively address the growing housing crisis, Pan African housing development financier, Shelter Afrique has said. The firm’s chief executive Andrew Chimphondah said this in Nairobi yesterday after the Company signed a Memorandum of Understanding (MOU) with Habitat for Humanity International (HFHI), to mobilise capital for affordable […]

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Moody’s rates Helios Sh5 billion college hostels note issue

Global ratings agency Moody’s has offered a stable rating for a Sh5 billion medium-term note set for issue by property developer Acorn Group and London-based private equity fund Helios to fund construction of university hostel units in Nairobi. Moody’s local currency rating of B1 Stable for the note is a rung higher than Kenya’s sovereign […]

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Cape mayor says Salt River site rezoned for 216 low cost housing units

After much political mudslinging, the Cape Town council on Tuesday approved the rezoning of land at the Salt River Market for mixed-use development that will include 216 low-cost housing units, mayor Dan Plato said.

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