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FG concludes plan to borrow N2 trillion from Pension Fund

The Federal Government has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure. The disclosure was made at the National Economic Council (NEC) meeting presided over by the Vice President, Yemi Osinbajo, on Thursday in Abuja.

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Mass evictions prompt protests as Nigerian housing crisis mounts

The men in naval uniforms charged into the Nigerian waterfront village of Okun Glass in the morning, chased out the residents, then called in the bulldozers. De facto village leader, 75-year-old Dauda Musa, said he fled as the men fired guns into the air. “They demolished our homes,” he said, standing in the rubble of […]

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France’s Amethis set to buy 30% stake in Kenyan retailer Naivas

France’s Amethis is close to concluding the purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday, entering a sector where the collapse of one of the major players in recent years has left a gap.

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South Africa: R77 Million School Construction Project Stalled Since 2018

A R77 million project to rebuild a Uitenhage school has been stalled since 2018, apparently because the Eastern Cape Department of Education is not paying the bills. Bags of cement, floor tiles, bricks and other building materials are strewn around the grounds of Jubilee Park Primary School in Gerald Smith township in Uitenhage. Children balance […]

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AfDB invests $600 million in Africa’s renewable energy, discloses de-risk plan

African Development Bank (AfDB) has invested $600 million for the development of renewable energy in Africa. The President of AfDB, Akinwumi Adesina, disclosed during his keynote speech at the UK-Africa Investment Summit.

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How poor regulation impacted real estate in 2019

Real estate for Nigerians in the year 2019 can be compared with that of other years considering that government policies, apart from coming from the same people, have implementation to contend with.

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Construction of state-of-the art Girls School in Lamu, Kenya Launched

The Kenyan national government has launched the construction of a state-of-the-art Girls boarding School in Mpeketoni, Lamu County. The US $535,623 School will be a much need addition to the few available Girls schools in the area.

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EDGE certification provides greater visibility to promote properties

Property developers in Ghana say that IFC’s EDGE certification has given them greater international visibility in marketing their properties. Developers, who have already certified their buildings with EDGE, report that certification has allowed their businesses to compete with multinational companies.

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Construction sector braces for a stormy year

South Africa’s distressed construction sector is facing a host of risks and challenges this year. These include the continuing shortage of major projects, non-payment by government and other state entities, the risks to the economy from a sovereign credit ratings downgrade and the hijacking of construction sites by the so-called ‘construction mafia’ or business forums.

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Why Nigeria remains strong investment destination in Africa

Nigeria launched the country’s Investment Guide to the world at the recent UK Africa Investment Summit to sell the huge potentials of the country’s economy to global investors. The Nigerian Investment Promotion Commission (NIPC) and its partner, the UK Department for International Development (DFID) published the Nigeria Investment Guide which was launched to showcase why […]

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