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Don’t build without approvals, Lagos Govt. warns residents

In a bid to address the issue of building collapse in Lagos, the Commissioner for Physical Planning and Urban Development in the state, Dr Idris Salako has restated the warning against sharp building practices by Estate Developers.


Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable.


Hilton reaches 100-hotel milestone in Africa

Hilton, top global hospitality brand, has reached the 100-hotel milestone in its African operation. The Virginia, United States of America-based global hotel chain announced the achievement at the ongoing African Hotel Investment Forum (AHIF) in Nairobi Kenya, where it signed Hampton by Hilton Sandton Grayston, a deal which marked the first for the brand in […]


Fashola charges building experts to embrace new technologies

Fashola, represented by the Federal Controller of Housing in Lagos State, Mrs Sarah Alawode, made the call at the Fifth Construction Industry Hall of Fame Lecture/Induction in Lagos on Friday.


Lagos warns developers against building without approval

The Lagos State Government has cautioned estate developers in the state not to build without necessary approvals, saying that abiding by the State planning and building controls regulations is the right way to build.


Chinese firm buys ARM Cement Tanzania assets for Sh12bn

Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). According to joint ARM administrators from PwC Kenya, the acquisition of the Tanzanian maker of Rhino Cement brand will allow the Chinese company instant access to the regional cement market.


Nigeria Sees Most Banks Raising Lending to Meet New Ratio

Central Bank of Nigeria Governor Godwin Emefiele said most of the country’s banks have obeyed a directive to raise loan-to-deposit ratio to 60% and those that fail to do so will face penalties by Oct. 1.


UK aid to boost access to finance for sub-Saharan Africa

New UK aid package will help mobilise £500 million in private sector investment and create 50,000 jobs across sub-Saharan Africa.


Take a look at the most wildly extravagant homes of African leaders who really understand luxury

Africa has, over the years, been marred by issues such as civil unrest and corruption. These vices have largely affected the growth of a continent with so much promise and resources. Despite these shortcomings, good governance is gradually gaining grounds on the continent. Leaders are becoming increasingly democratic and are recording significant progress.


Accor signs three-property deal at AHIF 2019 to introduce Novotel brand in the Democratic Republic of Congo

Accor, a world-leading augmented hospitality group, announces the debut of its successful midscale brand Novotel in the Democratic Republic of Congo (DRC). This follows the signing of three properties during the Africa Hotel Investment Forum (AHIF) taking place in Ethiopia this week (23-25 September).


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