Adagio City Aparthotel, a joint venture and a major hotel company offering rooms with cooking facilities, has opened its first North Africa property in Casablanca, the firm announced on its website last week.
From The WebReal estate, infrastructure, and other stories from different websites across the web.
Stephanie Odili knew that finding an apartment to rent in Lagos, Nigeria’s commercial centre would be difficult, but she was still unprepared for what came next.
• Out of 48 tenants, 26 have received their Sh600,000 cheques.
• Last year, the ground breaking for Pangani had been postponed more than three times.
Signal Alliance, a leading system integrator, today announced the launch of a new product called CloudGo built on the Microsoft cloud platform and targeted at small and medium scale businesses. CloudGo comprises of digital workplace tools bundled with managed support. The value delivered by this solution is the power to engage customers, reduced cost on IT infrastructure, enhanced collaboration and improved productivity.
Some house projects have stalled, others have failed to take off while those complete have no buyers, pointing to a depressed real estate industry in Kenya. New house prices are also shrinking, the number of houses being auctioned due to defaulting in loan repayment are on the rise and mortgage uptake has stagnated, with the turmoil in the industry hurting property developers as much as buyers.
Global workspace provider, Regus, says its is focusing on the future of virtual offices in Nigeria as a panache to improving the nation’s economy.
Parliament documents intercepted by the Daily Graphic indicate that the House did, indeed, approve a $200 million loan agreement for the construction of 5,000 housing units for the Saglemi Housing project in Accra on October 31, 2012.
The documents have challenged the claim by officials of the erstwhile National Democratic Congress (NDC) government that the $200 million loan facility was only for the first phase of the project, which involved the construction of 1,502 housing units.
Ikeja Hotel Plc has announced the resignation of one of its Non-Executive Directors. This comes seven months after OMA Investments Limited acquired a majority stake in the hospitality and leisure company.According to a statement issued to the Nigerian Stock Exchange (NSE) on Thursday, May 30, 2019, the Non-Executive Director who resigned is Dr. Waheed Olaganju.
Xinhua citing, the Nigerian government as saying that it will grant tax incentives to investors willing to fund the construction of major road projects across the country. The official News Agency of Nigeria (NAN) quoted finance minister Zainab Ahmed as saying that any company who funds road construction will get tax credit or reduction equal to the amount invested in the projects.
Kenya’s housing market has long defied basic economics of supply and demand as developers scramble to build high-end homes targeting a small pool of wealthy families while neglecting the rest of the market where demand is highest.
Most of the targeted affluent families, constituting only a small fraction of the country’s population, are already homeowners, anyway.