Helios Investment said to plan R18.3bn pan-African fund

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.

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Signal Alliance launches CloudGo, a productivity suite for SMEs

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.

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Market shocks jolt Kenya’s real estate sector

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.

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‘Parliament approved $200m loan for 5,000 units’ Saglemi Housing Project

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.

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