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A Federal High Court in Lagos, Southwest Nigeria has granted an order of possession of seven choice properties scattered across Lagos Island belonging to a Lagos businessman, Samuel Ademosun and his wife, Toluleke Ademosun to Asset Corporation of Nigeria, AMCON pending the hearing and determination of the debt recovery suit filed against them by AMCON.
READ MOREMainOne ( www.MainOne.net ) has announced the expansion of its data center brand, MDXi ( www.MDX-i.com ), into Accra Ghana, in line with its ongoing West African expansion plans. The company’s MDXi subsidiary, the largest commercial data center services provider in West Africa, is extending its imprint into Ghana with the new facility to expand […]
READ MOREFrom humble beginnings in Rwanda in 2013, CityBlue Hotels’ (https://www.CityBlueHotels.com/) regional footprint has grown steadily to include, Kenya, Uganda, Zambia and now, Tanzania where the group is set to open its doors for the first time with 65 sophisticated bedrooms in March 2020 bringing the group’s total room inventory to 288.
READ MOREThe House of Representatives has mandated it the Committee on Banking and Currency to investigate the debt portfolio of N5.4 trillion to AMCON and the alleged unwillingness of some of the debtors to pay.
READ MOREThe revenue per available room (RevPAR) for Africa’s hotel supply has been on the rise for the 87th consecutive month, STR’s director Thomas Emanuel said at the Africa Hotel Investment Forum (AHIF).
READ MORETo retain its reputation as the country’s industrial hub, after displacing Lagos State, local manufacturers have urged the Ogun State government to craft an industrial policy that deliberately establishes a strategic nexus between its infrastructure development and the attraction and expansion of industries in the state.
READ MOREThe Chief Executive Officer (CEO) of Dradrock Estate Company, Mr Oladipo Idowu- Agida, has advocated an all-inclusive innovation in tackling the housing deficits in the country, saying Nigeria’s housing needs may rise to 20 million by 2025. Idowu- Agida also called for deployment of cutting edge innovation and technology to accelerate quality service delivery through […]
READ MOREOn September 20, 2019, the hotel group Onomo announced it has opened a 3-star hotel in Douala, Cameroon. “With an investment of XAF15 billion, Onomo Hotel Douala is the first of a series of hotels planned to be opened by 2020,” the group indicated. Built over a 600 m2 land, Onomo Hotel Douala has 152 […]
READ MORE“Africa is a land of opportunity with untapped potential and remains core to our strategy,” said Alex Kyriakidis, president and managing director, Middle East & Africa, Marriott International. “The economic growth of the region is witnessing, along with the substantial emphasis countries across the continent are placing on the travel and tourism sector, present us […]
READ MOREOnly two of the 17 property companies that released financial results in the latest reporting period outperformed their dividend expectations. Some were in line with their market forecasts but most underdelivered.
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