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South Africa’s rand firms ahead of manufacturing data

South Africa’s rand firmed against the dollar in early trade on Tuesday ahead of manufacturing data that will give investors fresh clues about the health of the most industrialised African economy.


South Africa’s rand firms on improved risk appetite, stocks down

South Africa’s rand firmed on Tuesday, buoyed by improved investor appetite for riskier assets and comments from ratings agency Moody’s that the country is unlikely to suffer a credit downgrade to junk in the short term.


Qatari group Katara Hospitality announces investments in Cameroon

Katara Hospitality is currently planning investment projects in Cameroon, Senegal and Nigeria. This was revealed on September 9, 2019, in Doha, Qatar, by Sheikh Nawaf bin Jassim Al Thani (photo), chairman of Katara Hospitality.


Kenya to embark on phase II expansion of Malindi International Airport

The government of Kenya through the Kenya Airport Authority (KAA) is set to start phase II expansion of Malindi International Airport. Particularly, the project will see the airports runway extended from the current 1.5km to 2.5km so that it can be able to handle larger flights.


Why VI remains compelling destination for investors, home buyers

Despite the rise and rise of what has come to be known as ‘new urbanism’ that has seen the emergence of urban communities such as Eko Atlantic City, Gracefield Island, Orange Island, among others, Victoria Island (VI) remains a compelling destination for investors and home buyers in Lagos.


Lagos in aggressive push to tackle housing demand-supply gap

Worried by the high level of ‘homelessness’ and the wide gap between housing demand and supply, the new government in Lagos State with Babajide Sanwo-olu as governor is pushing aggressively to close that gap keeps widening yearon-year in the state.


Attacq raises dividends by over 10% after Waterfall boost

Attacq, a South African-based real estate investment trust (Reit) lifted its full-year dividend per share by 10.1 percent to 81.5 cents for the year to June, exceeding the previously communicated guidance after its developments at Waterfall boosted results.


Kenyan shilling strengthens against the dollar

The Kenyan shilling strengthened against the dollar on Tuesday supported by tightening liquidity in the local money market and reduced dollar demand from oil importers, traders said.


Aleph Hospitality signs franchise agreement for new Protea Hotel by Marriott in Kenya

Dynamic independent hotel management company Aleph Hospitality has signed a franchise agreement with global hotelier Marriott International for a new Protea Hotels by Marriott hotel in Kisumu, Kenya.


Low-income housing challenge takes centre stage

High cost of housing units in the country is triggering tension among accommodation seeking Nigerians, especially the poor and low income earners, who are already outside the affordable housing equation due to low purchasing power.


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