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Lomé to host 2nd edition of African Building Trade Show next October

From October 22 to 27, 2019, Lomé will host the second edition of the African Building Trade Show (Afribat). The event is the fruit of a partnership between the Sfax chamber of trade and industry (CCIS) of Tunisia, and the chamber of trade and industry of Togo (CCIT).

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Nigeria generated N311.94 billion VAT revenue in Q2, highest in 7 years

The latest report released by the National Bureau of Statistics (NBS) shows that Nigeria generated N311.94 billion revenue from Value-Added Tax (VAT) in the second quarter (Q2) of 2019.  

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20 years ago, the average SA house cost the same as the average new car. Here’s how things have changed

Despite the recent slump in the property market, the average house price in South Africa still costs 2.5 times more than the weighted average price of a new light vehicle.

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Rosebank is Johannesburg’s ‘big city’ investment node

Rosebank is the one to watch in terms of ‘big city” investment in South Africa – moving against the grain in every aspect of property growth.

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Nigerians Advised to Invest in Commercial Real Estate

Nigerians have been urged to take advantage of investment opportunities in commercial real estate, especially with the presence of Hotel Development/Management investment company which gives opportunity to buying hotel slot for long or short term deals.

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Attacq appears to be quite undervalued

It is common these days for JSE listed shares to reach a 12-month low, and Attacq is no exception. Attacq’s direct property portfolio is diversified across sectors.They have exposure of 52.5percent, 37.9percent, 7.9percent and 1.7percent to the retail, office and mixed-use, light industrial and hotel sector respectively by value. Of this exposure, 59percent is concentrated […]

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FG promises 1 million annual housing delivery to crackdown deficit

The Minister of State for Works and Housing, Abubarka Aliyu over the weekend assured of Federal government’s determination to close housing deficit of over 17 million with 1 million annual housing delivery.

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Phase 2 of Zaria Water Supply and Expansion Project in Nigeria commissioned

Phase two of Zaria Water Supply and Expansion Project in Kaduna State, Nigeria has been commissioned. President Muhammadu Buhari performed the commissioning ceremony and said that the government had spent US $32.7m towards the project.

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Debt-laden balance sheet compounds Shoprite woes

It’s never a good time to have a debt-laden balance sheet. But August 2019 was probably the worst time in Shoprite’s 40-year history to reveal a disturbing increase in borrowings.

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Nigeria, others target VAT from $1tr infrastructure investment

Nigeria and other African countries are targeting Value Added Tax (VAT) revenue from the over $1 trillion infrastructure investment coming into the continent.

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