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Dubai, Riyadh and Nairobi among top 20 ‘most dynamic cities

Cities in the Middle East and Africa (MEA) are gaining momentum, with Dubai, Riyadh and Nairobi all ranked within the top 20, according to JLL’s City Momentum Index 2020 which identifies the world’s most dynamic cities from a real estate perspective.

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The time is ripe for Lagos Infrastructure Development Fund

It has been estimated that Lagos State will require a conservative sum of about $50 billion in five years to bridge the infrastructure gap in the state. Critical areas identified include Roads and drainages ($20bn), Power ($10bn), Intermodal Transportation ($9.3bn), Information and Communication Technology (ICT) ($5bn), Provision of Portable water ($3bn) and Environment (N2.7bn).

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State Housing MD woos UK investors to Ghana

The Managing Director of the State Housing Company (SHC), Mr Kwabena Ampofo Appiah, says the current favourable economic environment in Ghana should motivate any one serious about investment to consider first in investing in the housing industry in Ghana ahead of any other country.

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Anxiety over unoccupied houses and ICPC’s threat

Until the anti-corruption agencies walk the talk with regard to taking over unoccupied houses in the Federal Capital Territory (FCT) and other major cities across the country, Nigerians say they take the recent threat by the Independent Corrupt Practices and other related Offences Commission (ICPC) over such unoccupied houses with a pinch of salt. ELEOJO […]

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Operators to invest pension funds in road, rail projects

Operators of the Contributory Pension Scheme are planning to deploy part of the pension funds in critical sectors of the economy, the National Pension Commission has revealed.

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Sam George cuts sod for construction of an ultra-modern 4-storey KG block

Member of Parliament for Ningo Prampram, Samuel Nartey George, as part of his birthday, donated 300 set of desks and 50 tables to the Ahwiam D/A Basic School in his constituency on 22nd January 2020. He also cut the sod for the construction of an ultra-modern 4-storey KG block for the school.

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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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