Experts have said the growth of Nigeria’s organised retail industry is being hampered by government policies such as foreign exchange and double taxation among many other issues.
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Some operators in the building construction industry lamented that there was no laid-down policy framework on government’s plans and projections for the sector.
The operators said there were slow construction activities across the country.
Helios Investment, the Africa-focused private equity firm, plans to raise a fund of about $1.25bn to invest across the continent, according to people with knowledge of the matter.
The London-based company, led by Tope Lawani and Babatunde Soyoye, is in talks with asset managers and development agencies about what would be its largest private equity fund for African investments, the people said, asking not to be named because the discussions are private.
Adagio City Aparthotel, a joint venture and a major hotel company offering rooms with cooking facilities, has opened its first North Africa property in Casablanca, the firm announced on its website last week.
Stephanie Odili knew that finding an apartment to rent in Lagos, Nigeria’s commercial centre would be difficult, but she was still unprepared for what came next.
• Out of 48 tenants, 26 have received their Sh600,000 cheques.
• Last year, the ground breaking for Pangani had been postponed more than three times.
Signal Alliance, a leading system integrator, today announced the launch of a new product called CloudGo built on the Microsoft cloud platform and targeted at small and medium scale businesses. CloudGo comprises of digital workplace tools bundled with managed support. The value delivered by this solution is the power to engage customers, reduced cost on IT infrastructure, enhanced collaboration and improved productivity.
Some house projects have stalled, others have failed to take off while those complete have no buyers, pointing to a depressed real estate industry in Kenya. New house prices are also shrinking, the number of houses being auctioned due to defaulting in loan repayment are on the rise and mortgage uptake has stagnated, with the turmoil in the industry hurting property developers as much as buyers.
Global workspace provider, Regus, says its is focusing on the future of virtual offices in Nigeria as a panache to improving the nation’s economy.
Parliament documents intercepted by the Daily Graphic indicate that the House did, indeed, approve a $200 million loan agreement for the construction of 5,000 housing units for the Saglemi Housing project in Accra on October 31, 2012.
The documents have challenged the claim by officials of the erstwhile National Democratic Congress (NDC) government that the $200 million loan facility was only for the first phase of the project, which involved the construction of 1,502 housing units.