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Nigeria needs sustainable action plan on housing –Stakeholders

Stakeholders in the construction and real estate industry have said Nigeria needs a sustainable action plan to address its housing shortage. They noted that if properly regulated, the sector had the potential to create jobs and promote economic prosperity.

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University hostel plan part of bid to woo foreign students

The University of Nairobi – Kenya’s second-largest by student numbers – is seeking fresh funds to build new student hostels to accommodate both local and international learners.

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Is retail the next growth frontier?

Notwithstanding the lull in the economy, there is an increase in shopping malls across the country. This trend is fuelling an unprecedented momentum in the retail sector, thus, positioning it as a significant economic booster. JANE CHIJIOKE writes.

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Works and Housing budget to focus on financing 47 priority road projects, FG says

Babatunde Fashola, the Minister of Works and Housing, has said that a “reasonable” amount of the 2020 Budget of his Ministry would be channelled towards completion of about forty-seven priority on-going road projects in the country.

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IHG to expand in Africa & Middle East with 10 new hotels [Infographic]

InterContinental Hotels Group (IHG) has signed a new Master Development Agreement (MDA) with Aleph Hospitality. This deal will involve the development of 10 franchise hotels across IHG’s many brands, spanning the midscale and upscale segments.

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Appraising Housing Delivery in Nigeria

With poor administration and inadequate funding identified as problems of implementing the national housing policies in Nigeria, Adedayo Adejobi writes on policies and strategies for housing delivery in Nigeria, especially as it concerns attainment of sustainable development goals.

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Skye Shelter Fund posts 10% increase in net income

Skye Shelter Fund has announced a 10 percent rise in net income for the period ended September 30 2019, the analysis of its third quarter unaudited financial statement has shown. The double digit growth in bottom line indicates aggressive efforts made by the fund during the period.

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NMRC’s push for legislative reform towards model mortgage

To mortgage sector stakeholders in Nigeria, the need for a functional mortgage system cannot be over-emphasised. This is why the drive towards a model mortgage is receiving all the attention that it requires.

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Cameroonian proptech startup Digital Renter wins Seedstars Douala

Cameroonian proptech platform Digital Renter has come out tops at this year’s Seedstars Douala pitching event. Digital Renter helps users advertise, search for and manage rentals. The startup will now represent Cameroon at the Seedstars Africa Summit in Johannesburg in December.

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Cameroon: A Carrefour’s Cash & Carry store to be launched by end 2020

In the framework of its expansion in Sub-Sahara Africa, French retail group Carrefour, which partnered with CFAO Retail for this conquest of the African market, inaugurated a new supermarket on October 9, 2019, in Cameroon.

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