Architects target 300 units in new homes scheme

Efforts at reducing the housing deficits in Lagos received a boost last week, as Lagos chapter of Nigerian Institute of Architect (NIA) jump-started an initiative that would provide 300 units of affordable homes in the state. The project to be located at Epe, Iyana-Ipaja or Ikorodu is in partnership with Sterling Alternate. It targets the low-income and middle-income earners as well as tends to build an utopian community for residents.

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How four years of Buhari government failed to bridge housing gap

The housing sector worldwide, is believed to be the bedrock of the economy of most developed nations, an important tool for stimulating growth.In the advanced countries, the sector contributes between 30 and 70 per cent of their Gross Domestic Product (GDP). Investment in housing accounts for 15 per cent to 35 per cent of aggregate investment worldwide and the sector employs approximately 10 per cent of labour force worldwide.

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Nigeria: Demand for Container Housing Peaks in Nigerian Cities

With the housing sector still challenged by affordability issues, adoption of container technology is increasingly taking shape for residential and commercial segments of the real estate market. The innovation is fast being deployed to create Nigeria’s tailored made solution to the housing problem based on its unique potential of quick to build, portability, environmental friendly, affordability and most importantly ease to maintain.

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Kenya’s cement conundrum

While recent times have seen the Kenya cement industry expand and new players arrive, the sector now faces a conundrum. While economic and construction forecasts indicate sound cement demand going forward, cement overcapacity has led to price pressures that show no sign of abating and which are affecting the bottom line of market players. A wave of industry consolidation in the short- to medium term cannot be ruled out. By Lisa Kimathi, Standard Investment Bank, Kenya.

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Delta Property Fund expects earnings to drop in 2020

Delta Property Fund’s distributable earnings in the year to end-February 2019 declined to 73.84 cents a share from 97.24 cents in the previous year. The company said that they will retain a quarter of its distributable earnings “to facilitate capital expenditure and working capital requirements in the business”, therefore having a full-year distribution of 55.39 cents per share. Sandile Nomvete, CEO of Delta Property Fund joins CNBC Africa for more.

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