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Safari says investors are unlikely to approve Comprop takeover bid

Safari Investments, which walked away from a potential merger with Fairvest earlier in August, says shareholders are also unlikely to approve a better takeover offer from Comprop. Comprop, an unlisted group, offered to buy Safari outright for R1.8bn in July.

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Nabdam Assembly invests “$1 million per constituency” in Sanitation

he Nabdam District Assembly has invested its share of the one million dollars per constituency into the provision of six 10-seater water closet toilet facilities at strategic points in the area to provide places of convenience for the people.

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US mulls construction supply boost with $5bn LNG loan to Mozambique

Taking a page out of China’s foreign development strategy, the US Export-Import Bank (Exim) is considering a $5bn loan to help build a large liquefied natural gas (LNG) plant in northern Mozambique, saying it would support 16,400 American jobs by guaranteeing orders for goods and construction services.

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Investors trade N1.2trn worth of Nigerian stocks in 7 months

In seven months to July 31, 2019, investors traded about N1.201trillion worth of Nigerian equities. This represents a huge decline of about 31percent year-on-year (YoY) when compared with N1.743trillion recorded in the corresponding seven months period of 2018.

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Infrastructural development project launched in Olkalau, Kenya

An urban infrastructural development project has been launched in Olkalau town for the improvement of the basic physical and organizational structures and facilities in the capital of Nyandarua County, Kenya.

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Government reviewing contract for sky train project

Government has begun a review of the contract for the construction of the sky train project as a means of transport. According to Minister for Railway Development, Joe Ghartey, development in Ghana’s transportation system requires such an innovation, adding a decision could be made before December this year.

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NINE BILLION CEDIS TIED UP IN GHANA AFTER OVERHAUL OF BANKING INDUSTRY

With up to nine billion cedis ($1.6 billion) of savings trapped in investments, Ghana’s Securities and Exchange Commission (SEC) has placed a ban on the concerned fund managers while investigating whether they violated investment rules.

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Lafarge Africa to recognise innovative construction projects

Lafarge Africa has called for entries from professionals and students in respect of its sixth International LafargeHolcim Awards for Sustainable Construction. The award is meant to recognise and reward innovative projects from professionals and bold ideas from students that address sustainability in construction.

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Hotel occupancy rises to 60% in H1 despite poor Q1 outing

The Nigerian hospitality sector recorded an impressive result at the end of first half of 2019, with average hotel occupancy rate hovering between 60-70 percent, from less than 40 in the first quarter of the year, according to industry experts who spoke to BusinessDay.

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Fourways Mall finally launches, becomes the largest shopping centre in SA

After missing several deadlines, the newly redeveloped multi-billion Fourways Mall has finally opened its doors, becoming the largest shopping centre in South Africa.

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