GTBoard DG warns estate agents, land buyers

The director-general of the Gambia Tourist Board has issued a warning signal to all estate agents, developers and land buyers who are buying landed properties across the Tourism Development Area (TDA).

He warned that all lands sold to individuals by the estate agents across the TDA will be reverted to government in due time.

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Group tasks CBN on Mortgage Interest Drawback Fund

Housing Development Advocacy Network, an NGO, has urged the Central Bank of Nigeria (CBN) to make the Mortgage Interest Drawback Fund (MIDF) a reality.

Mr Festus Adebayo, President of the group, made this call on Saturday in Abuja.

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Expert tasks architects on local content

Mr Dipo Ajayi, President, Architects Registration Council of Nigeria (ARCON), on Friday urged architects to start designing low cost buildings using local materials for affordability.

Ajayi gave the advice while speaking with the News Agency of Nigeria (NAN) on the sidelines of Lagos Architects Forum 2019, organised by the Nigeria Institute of Architects in Lagos.

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Construction industry holds the cards for ailing economy

THE construction industry can come out of its slump if the provisions of the Procurement Act is adhered to, the chairman of the northern branch of the Namibian Chamber of Commerce and Industry has said.

Thomas Indji is of the opinion that if ministries, state agencies and all those procuring goods can use the preference rule in the Procurement Act, the industry will have the ability to spur on economic growth.

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Government to release $1bn to road contractors

The government is to release $1 billion to the Ministry of Roads and Highways to settle outstanding debts to road contractors and to complete and maintain road networks in the country.

This is expected to settle road contractors who have already invested, and to ensure the completion of roads currently under construction.

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Rebosis Property Fund says its dividend will plummet

Rebosis Property Fund, the black managed and owned real estate investment trust which was listed in 2011, waited until after the equity markets closed on Friday to release a dire trading statement, which warned its A- and B-share dividends would fall 52% on a combined basis, in the year to August.

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Group Set to Organise Construction Exhibition

The Big 5 Construct Nigeria is set to organise an exhibition for operators in the construction sector.

The Nigerian Institute of Architects, the Nigerian Society of Engineers, the Surveyors Council of Nigeria, the African Association of Interior Designers, the OSHA (Occupational Safety and Health Association), and the African Sustainable Energy Association (AFSEA) are among other organisations that have already announced their support to the event.

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Nigeria approves US $471m for construction of 10 roads

The Federal Executive Council of Nigeria (FEC) has approved US $471m for award of contracts for the construction and rehabilitation of 10 roads across the country.

Minister of Power, Works and Housing, Babatunde Raji Fashola, disclosed the development and said that the approval was sequel to a memorandum presented to the Council by the Minister on May 2nd, 2019.

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A Light At The End Of The Tunnel For Affordable Housing In Kenya

There are approximately 2.5 million slum dwellers in about 200 settlements in Nairobi representing 60 percent of Nairobi population and occupying just 6 percent of the land. Kibera, the biggest slum in Africa and one of the biggest in the world houses about 250,000 people.

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Nigeria: Retirement Planning: Catching The Retirement Wave

Whether or not you are aware or have been deliberate about it, you have been ‘planning’ for your retirement for a long time. Retirement planning involves all activities from your first employment, up to and after your retirement, geared towards ensuring that you and your dependents are well provided for in the inevitable retirement phase of your life.

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