The Federal Government of Nigeria has approved construction of the US $5.3bn Ibadan-Kano rail line project. Transport Minister Chibuike Rotimi Amaechi, confirmed the statement and said the Ministry has also applied for funding to commence coastal rail for the Port-Harcourt to Warri segment.
From The WebReal estate, infrastructure, and other stories from different websites across the web.
South Africa’s rand firmed against the dollar in early trade on Tuesday ahead of manufacturing data that will give investors fresh clues about the health of the most industrialised African economy.
South Africa’s rand firmed on Tuesday, buoyed by improved investor appetite for riskier assets and comments from ratings agency Moody’s that the country is unlikely to suffer a credit downgrade to junk in the short term.
Katara Hospitality is currently planning investment projects in Cameroon, Senegal and Nigeria. This was revealed on September 9, 2019, in Doha, Qatar, by Sheikh Nawaf bin Jassim Al Thani (photo), chairman of Katara Hospitality.
The government of Kenya through the Kenya Airport Authority (KAA) is set to start phase II expansion of Malindi International Airport. Particularly, the project will see the airports runway extended from the current 1.5km to 2.5km so that it can be able to handle larger flights.
Despite the rise and rise of what has come to be known as ‘new urbanism’ that has seen the emergence of urban communities such as Eko Atlantic City, Gracefield Island, Orange Island, among others, Victoria Island (VI) remains a compelling destination for investors and home buyers in Lagos.
Worried by the high level of ‘homelessness’ and the wide gap between housing demand and supply, the new government in Lagos State with Babajide Sanwo-olu as governor is pushing aggressively to close that gap keeps widening yearon-year in the state.
Attacq, a South African-based real estate investment trust (Reit) lifted its full-year dividend per share by 10.1 percent to 81.5 cents for the year to June, exceeding the previously communicated guidance after its developments at Waterfall boosted results.
The Kenyan shilling strengthened against the dollar on Tuesday supported by tightening liquidity in the local money market and reduced dollar demand from oil importers, traders said.
Dynamic independent hotel management company Aleph Hospitality has signed a franchise agreement with global hotelier Marriott International for a new Protea Hotels by Marriott hotel in Kisumu, Kenya.