Zambia and Zimbabwe will start building the 2,400 MW Batoka Gorge hydro power plant next year, a company jointly owned by the two governments said on Tuesday. The Batoka project involves construction of a dam, powerhouses, roads, transmission infrastructure and houses in both Zambia and Zimbabwe, the Zambezi River Authority (ZRA) said in a statement.
With a recent survey done in Kigali citing that 15 per cent of commercial building space remains empty, today we will look at why that is, the benefits and risks of building at this time and where the housing market stands. Stephen Milindi, CEO, Misteph Investment Group joins CNBC Africa for more.
South Africa’s largest retail-focused real estate investment trust (Reit) Hyprop may have to wait at least a year before it regains its Moody’s investment grade rating as it looks to reduce its debt with the sale of its ‘rest of Africa’ properties.
Investing in real estate is something many people are keen about and as a result of their commitment, some investors go the extra length to secure funding to make their dream of owning their own property a reality. Sourcing for and securing funding for real estate could be a serious challenge depending on the terms and conditions of the loan.
Cameroon and the African Development Bank (AfDB) on Tuesday signed an agreement to establish the Central Africa headquarters of the bank in Cameroon’s capital Yaounde.
Flexible workspace provider, IWG plc this week announced plans for a large-scale rollout of its franchise offering for flexible workspaces in a further 14 countries in Africa. At the helm is Mo Nanabhay, who led the franchise start-up and successful launch of both the Pick n Pay and Sasol franchise concept in South Africa and Sub Saharan Africa. This, in an industry where the demand for flexible workspace is set to grow by 30% annually for the next five years according to Jones Lang Lasalle (JLL).
The latest capital importation data released by the National Bureau Statistics (NBS) revealed that Lagos and Abuja are Nigeria’s biggest destinations of foreign capital inflows. The two received $8.35 billion out of the entire $8.48 billion in the first quarter of 2019, representing about 98% of Nigeria’s total capital inflow.
Nigeria’s population currently put at about N200 million and growing certainly puts more pressure on the available resources to be shared by an ever increasing population. To worsen the concern, inappropriate policy direction, albeit policy inconsistency, has been the bane of Nigeria’s dwindling fortunes with regard to maximising it’s economic potential as the Africa’s largest…
The existence of many companies and factories including International Breweries Plc, Nestle Plc, Olam International, Eterna Plc, Jubaili Bros Engineering Limited, Witchtech Industries Limited, etc in the Sagamu axis of Ogun State have created opportunities for investors in both residential and commercial real estate developments. Besides the natives, the staff of these companies also need…
The management of Brains and Hammers Limited, a leading player in the Nigerian real estate sector, has announced a first-of-its-kind working relationship with the cooperative society of major International Oil Companies (IOCs), particularly Shell and Mobil.