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Construction firms see tough mid-year as margin weakens, cost bites

Nigerian publicly-listed companies experienced an awful mid-year 2019 as players reported lower margin largely driven by significant jump in production and operational costs.

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Vice President to cut sod for construction of 100,000 housing project

Vice President Dr Mahamudu Bawumia would today, August 28, perform a groundbreaking ceremony, for construction works to begin on the United Nations Office of Project Services (UNOPS) at the Amasaman District One Site in the Ga West Municipality.

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Kenya’s Biggest Industrial Real Estate Investment To Be Launched in 2020

Kenya is set to unveil the biggest 11.5 billion industrial park which is still under construction and is set for completion in March 2020. The business center called Nairobi Gate is said to be the biggest industrial real-estate investment in Kenya’s history, the facility will be split into two buildings which are each 5,000 square […]

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Africa’s biggest bank targets its smallest shops in fintech deal

South Africa’s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking services.

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Two shareholders say Safari’s board is preventing a takeover

Two activist shareholders in Safari Investments, which owns shopping centres in Gauteng and Swakopmund, say the company’s board and management must stop using delay tactics to prevent it from being taken over by Community Property Company (Comprop).

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Outlook for the rand has darkened, Investec says.

SA’s largest asset manager now expects the rand to average R14.15/$ in the fourth quarter, after previously expecting R13.90

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Ghana to construct a pre-fabrication manufacturing plant in Dawhenya

The government of Ghana has commissioned the construction of a pre-fabrication manufacturing plant in Dawhenya, in the Greater Accra region. A Ghanian Company, B5 Plus Group, is set to start construction of the first phase.

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Lomé to host 2nd edition of African Building Trade Show next October

From October 22 to 27, 2019, Lomé will host the second edition of the African Building Trade Show (Afribat). The event is the fruit of a partnership between the Sfax chamber of trade and industry (CCIS) of Tunisia, and the chamber of trade and industry of Togo (CCIT).

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Nigeria generated N311.94 billion VAT revenue in Q2, highest in 7 years

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.  

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20 years ago, the average SA house cost the same as the average new car. Here’s how things have changed

Despite the recent slump in the property market, the average house price in South Africa still costs 2.5 times more than the weighted average price of a new light vehicle.

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