tagresults

30-10-2014 22:52:00 | by: Administrator | hits: 12651526 | Tags:

[Kenya] Cytonn Investments opens Central Rift regional office
17-09-2018 | 06:47:58
Cytonn Investments Management Plc has opened an office to serve the Central Rift region and tap into the vast real estate investment opportunities the region offers.
[South Africa] Raven Property Group lists on the JSE
13-09-2018 | 06:58:00
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Mombasa, Mt. Kenya best areas for retail real estate, Cytonn report
05-09-2018 | 06:49:00
Cytonn Real Estate, the development affiliate of Cytonn Investments,has released its Kenya Retail Sector Report - 2018.
[Nigeria] Nahman Construction and StoneCreek Partners ink housing deal
31-08-2018 | 11:40:52
Nigeria’s Nahman Construction and California-based advisory and development firm StoneCreek Partners LLC have entered into a strategic alliance for joint pursuit of development opportunities in the Sub-Saharan Africa region.
UN Habitat to develop Ras El Hekma waterfront city in Egypt
28-08-2018 | 08:15:00
UN-Habitat, General Organization for Physical Planning and New Urban Communities and UN-Habitat have announced the launching of the project RAS EL HEKMA Waterfront new city in Egypt.
Kenya Power commits to provide reliable energy as part of big 4 agenda
20-08-2018 | 10:06:00
Kenya Power has reiterated its commitment to provide affordable and reliable energy to manufacturers and its other customers to support the government’s Big 4 Agenda.
Funding for commercial real estate on the rise in Francophone Africa
08-08-2018 | 12:55:00
West and Central Africa, colloquially referred to as Francophone Africa, continues to offer real estate investors and developers more opportunities as it remains one of the world’s fastest growing zones.
Rwanda bets on property tax to boost local manufacturing
06-08-2018 | 11:15:00
Rwanda Parliament has passed the law determining the sources of revenue and property of decentralized entities, commonly known as Property tax.
[Kenya] Nairobi’s property market rises to new heights
03-08-2018 | 12:15:00
Kenya’s capital Nairobi is becoming a worldwide property magnet.
[Kenya Business Week] Towards affordable housing
19-07-2018 | 10:44:45
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
Kenya government introduces tax relief to boost affordable housing
19-07-2018 | 06:01:48
President Uhuru Kenyatta has signed into law a Bill creating a 15 percent tax relief for Kenyans buying houses under the Affordable Housing Scheme.
[Kenya Business Week] Tackling illicit financial flows
12-07-2018 | 10:34:00
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
[South Africa] Growthpoint becomes first property listing on A2X
11-07-2018 | 07:56:13
Growthpoint will retain its primary listing on the JSE and will not issue any new shares in connection with its secondary listing on A2X. There is no cost, risk, or additional regulatory compliance for Growthpoint as a result of its secondary listing on the A2X.
[Kenya] Residential real estate returns dip on interest rate caps
10-07-2018 | 10:48:46
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Residential Report – 2017/2018.
[Mauritius] Vantage Capital provides $10m property development funding
09-07-2018 | 09:08:00
Vantage Capital announces today that it has provided $10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.
[South Africa] MRI Software acquires PropSys
04-07-2018 | 12:05:00
MRI Software, a global leader in real estate software solutions, has announced the acquisition of PropSys, a property software solution provider based in Johannesburg, South Africa.
Kenya, US ink deals worth $100 million
29-06-2018 | 11:18:00
Kenya Government officials led by President Uhuru Kenyatta have negotiated deals worth 1$00 million at the US-Kenya conference in Nairobi.
[Kenya Business Week] Gauging regional growth through Kenya’s prism
28-06-2018 | 06:58:00
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
[Kenya] Taaleri increases funding to Cytonn Investment by $21 million
26-06-2018 | 11:59:00
Cytonn Investments, an alternative investment management firm in the East African Region, has secured an additional Sh2.1 billion in funding from their institutional partners, Taaleri of Finland.
Land LayBy Technologies partners with Strathmore University Kenya
21-06-2018 | 05:58:47
Land LayBy Technologies is a financial technology company currently operating in the real estate sector in Kenya. The sister Company in Melbourne, Australia subserves the same market segment.
[Interview] Reuben Kimani, CEO, Username Investment, Kenya
14-06-2018 | 10:48:00
Reuben Kimani is an engineer, ICT professional and currently the CEO of Kenyan Real Estate company, Username Investment.
[South Africa] Exemplar REITail makes its debut on the JSE
13-06-2018 | 13:33:55
Exemplar REITail Limited has listed on the Main Board of the Johannesburg Stock Exhange (JSE), joining a diverse group of real estate companies represented on the bourse.
Land LayBy Ghana launches debut land management blockchain masterclass
21-05-2018 | 13:33:00
In an attempt to consolidate the benefits of the market innovation, Land Layby is adopting Blockchain Technology through its sister Companies - Land LayBy Technologies registered in Australia and Kenya.
Land LayBy Ghana launches debut land management blockchain masterclass
21-05-2018 | 12:55:00
In an attempt to consolidate the benefits of the market innovation, Land Layby is adopting Blockchain Technology through its sister Companies - Land LayBy Technologies registered in Australia and Kenya.
[South Africa] Government completes $4 million first phase of Phuthaditjhaba industrial park upgrading
04-05-2018 | 06:06:45
South Africa’s Department of Trade and Industry, dti, has completed the first phase of the revitalization of the Phuthaditjhaba Industrial Park which is based in the Free State.
Marriott Hotels debut in West Africa with the opening of Accra Marriott Hotel, Ghana
30-04-2018 | 11:13:00
Marriott Hotels, part of Marriott International, today announced its debut in West Africa, with the highly anticipated opening of Accra Marriott Hotel.
[Kenya] Vantage capital funds Rosslyn Riviera shopping Mall to the tune of $8 million
25-04-2018 | 11:40:55
Vantage Capital, Africa’s mezzanine fund manager has invested $8 million in funding to Rosslyn Riviera Shopping Mall , a convenient neighbourhood shopping mall in the upmarket suburb of Rosslyn/Runda in Nairobi.
[Cameroon] Actis to build $200 million Douala grand mall and business Park
18-04-2018 | 08:35:00
The British High Commissioner to Cameron, H.E. Rowan Laxton, and Mr. Luc Maglire Mbarga Atangana, Cameroon’s Minister of Commerce have laid the foundation stone for the construction of the Douala Grand Mall and Business Park.
[Kenya] Government to launch low cost housing project as part of ‘Big Four’ agenda
16-04-2018 | 13:02:00
The Government is set to launch a low cost housing project that will see 30,000 houses constructed in Nairobi’s Eastlands area, as the ‘Big Four’ agenda takes shape.
Overseas Private Investment Corporation, AfDB and ALCB Fund sign loan agreement to support capital markets and high impact sectors in Africa
16-04-2018 | 07:50:00
Overseas Private Investment Corporation (OPIC), the African Development Bank (AfDB) and ALCB Fund Board Members have signed a loan agreement to support high impact sectors in Africa focusing on housing, agriculture and SMEs.
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
09-04-2018 | 12:57:00
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
[Nigeria] 160 firms bid for NNPC valuation and land acquisition services contract
09-04-2018 | 08:43:42
No fewer than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and land acquisition services.
Financial institutions should embrace housing microfinance to address Sub Saharan Africa needs, study
05-04-2018 | 11:13:00
A new study from Habitat for Humanity says that housing microfinance can and should become a mainstream offering for financial institutions in Sub-Saharan Africa as they respond to growing housing needs.
[Kenya] Oserian Flowers diversifies into real estate
05-04-2018 | 09:07:58
One of the largest Kenyan growers and exporters of flowers, Oserian Development Company Ltd, has embarked on a plan to diversify its commercial activities.
Currency floatation to boost Morocco’s real estate market, JLL report
21-03-2018 | 11:27:14
Earlier this year, the Moroccan Central Bank introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.
[South Africa] Vodacom World Mall to close for half a year due to major revamp
12-03-2018 | 10:57:00
Vodacom World, the company’s flagship cellular mall, centrally situated in Midrand, will undergo major renovations for a period of six months and will be closed from 17 March reopening late 2018.
IFC uses finance tool to unlock $500 million in housing finance in West Africa
30-01-2018 | 06:39:00
Using an innovative finance tool to spur development in low-income countries, IFC, a member of the World Bank, has announced the completion of a $9 million investment that aims to expand the availability of housing finance in West Africa.
[Nigeria] Lagos wooden tower introduces green construction to Africa's largest city
25-01-2018 | 13:15:54
Hermann Kamte, young Cameroonian architect and the founder of company Hermann Kamte & Associates (HKA), is the driving force behind the famous sketch of Lagos Wooden Tower.
Germany invests $32 million towards urban resilience in Somalia
24-01-2018 | 08:48:00
The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia.
Analysts predict bullish future for Nigeria’s Real Estate Investment Trust market
19-01-2018 | 11:20:00
Despite its existence for more than ten years, the Nigerian REITs market is underdeveloped with only three established and with a combined market capitalization of $151 million, or 0.36 per cent of the local stock market.
Milost Global acquires Primewaterview Holdings Nigeria
11-01-2018 | 12:01:00
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria Limited.
[Interview] Peter Tole, Co-Founder and Director, Land LayBy Real Estate, Kenya
03-01-2018 | 08:49:00
The real estate firm, Land LayBy was founded by Dr. Peter Tole, a Kenyan medical doctor resident in Australia, in 2014. Land LayBy is a unique combination of assistance to Africans in diaspora and accelerating economic growth on the continent.
Africa’s first multinational blockchain land registry to be launched in Kenya and Ghana
28-12-2017 | 12:03:00
2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector.
[South Africa] Castleview Property Fund becomes twentieth company to list on the Johannesburg stock exchange this year
21-12-2017 | 13:32:20
Castleview Property Fund has listed on "Retail REITs" sector of the JSE's AltX board. Castleview is the 20th company to list on the JSE this year.
[South Africa] MRI Software acquires MDA Property Systems
14-12-2017 | 14:09:00
MRI Software, a global provider of real estate software solutions has acquired MDA Property Systems, a property management and accounting software company based in Cape Town, South Africa.
[South Africa] Sandown Capital Limited lists on the JSE becoming eighteenth company this year
30-11-2017 | 07:17:50
Sandown Capital Limited has listed in the Equity Investment Instruments sector on the main board of the JSE becoming the 18th company to list on the JSE this year.
[Egypt] MARAKEZ automates operations with Yardi Solutions
15-11-2017 | 10:04:00
MARAKEZ, a subsidiary of Fawaz Al Hokair Group, has selected Yardi Voyager® 7S to electronically manage its lease and property management process for its leading shopping mall in Cairo, Mall of Arabia.
ToLet.com.ng acquires Jumia House Nigeria
15-11-2017 | 09:04:00
ToLet.com.ng, Nigeria’s leading online property classifieds portal, has in conjunction with their existing investors, Frontier Digital Ventures, acquired Jumia House Nigeria, a competing property portal, for an undisclosed sum.
Ghana Home Loans breaks ground for the 2,000 unit affordable housing project
15-11-2017 | 07:42:55
Ghana’s President Nana Akufo-Addo has led the ceremonial ground-breaking of the first phase of a 2,000-unit affordable housing project financed by Ghana Home Loans at Appolonia City, Accra's new city development.
[Nigeria] Marriott International and Landmark Africa Group announce signing of renaissance Lagos hotel
15-11-2017 | 07:00:32
Marriott International and Landmark Africa Group have announced the signing of Renaissance Lagos Hotel and Marriott Executive Apartments.
Zambia National Building Society receives $25 million from AfDB to finance affordable housing
14-11-2017 | 13:59:00
The Board of Directors of the African Development Bank Group (AfDB) has approved $ 25 million in Kwacha equivalent to Zambia National Building Society (ZNBS).
[South Africa] 4Sight Holdings Limited lists on the Johannesburg Stock Exchange
24-10-2017 | 06:22:30
4Sight Holdings Limited has listed in Non-Equity Investment Instruments sector of the JSE's AltX board aimed at small and medium-sized companies.
Sompo International strengthens position in Africa through alliance with Sanlam Limited and SAHAM Finances
20-10-2017 | 07:04:14
Sompo International Holdings Ltd, a Bermuda-based specialty provider of property and casualty insurance and reinsurance and wholly owned subsidiary of Sompo Holdings, Inc. (Sompo), has launched a new strategic partnership in Africa.
[South Africa] Brainworks becomes first Zimbabwean company to have primary listing on the Johannesburg Stock Exchange
19-10-2017 | 08:18:00
Brainworks Limited has listed in the Equity Investments Instruments sector on the main board of the JSE.
World Bank and partners sign $155 million package to support access to affordable housing finance in West Africa
17-10-2017 | 09:17:27
The West African Development Bank, the WAEMU Commission, the West African regional mortgage refinance company and the World Bank have signed a $155 million package to support the development of affordable housing finance in West Africa.
[South Africa] Old Mutual Alternative Investments acquires 50 percent stake in Faircape Life Right Holdings
17-10-2017 | 07:27:36
Old Mutual Alternative Investments (OMAI), Africa's largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum.
CMIG Drawin launches first prefabricated construction project in South Africa
12-10-2017 | 06:37:00
China Minsheng Drawin Technology Group (CMIG Drawin), a unit of investment conglomerate China Minsheng Investment Group, has launched the John Dude New City project in South Africa's Gauteng province.
Primrose Properties Ghana raises follow-on investment from AFIG Funds
05-10-2017 | 13:26:00
Primrose Properties Ghana is pleased to announce that it has received a follow-on investment from the Atlantic Coast Regional Fund, managed by Advanced Finance and Investment Group Funds.
Hilton launches Africa Growth Initiative
05-10-2017 | 10:57:00
Hilton has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio.
Randell Torno appointed CEO of RESTANCE to lead East African economic development strategy
29-09-2017 | 09:35:26
RESTANCE, Inc has announced a new Chief Executive Officer to lead the Company's East African Economic Development Strategy.
[Startup Interview] Oladunmade Otitoola, Founder, RentYourHall, Nigeria
25-09-2017 | 10:11:00
Oladunmade Otitoola, an entrepreneur and beneficiary of the Tony Elumelu Entrepreneurship Program in 2016, is founder of RentYourHall, Nigeria. Africa Business Communities poses him some questions on development of the startup.
Improvon-Actis joint venture set to disrupt logistics and warehousing market in sub-Sahara Africa
05-09-2017 | 12:37:10
Improvon Group, one of South Africa’s most established logistics and warehouse property specialists, is poised to disrupt the sector in key sub-Saharan distribution markets, following a recent joint venture with Actis.
[Egypt] Energy and Real Estate chief sectors for foreign inflows
22-08-2017 | 11:58:00
International investment institutions expected Egypt to witness a significant economic improvement starting next year in terms of foreign investment inflows, especially in the oil and gas, real estate and consumer product sectors.
[Mauritius] LUX Resorts & Hotels implements 100% renewable energy production project on Ile des Deux Cocos property
14-08-2017 | 11:41:00
LUX Resorts & Hotels has implemented 130 solar panels and batteries to fully substitute diesel-based power generation for the needs of Ile des Deux Cocos, off-grid South-East Mauritius.
Tatu City – East Africa’s largest property development rises from the ground up
08-08-2017 | 07:44:00
East Africa’s largest real estate project is rapidly taking shape as the region’s newest, most modern city. Although planned as a 20 to 25-year project, Kenya’s Tatu City is already beating its own infrastructure deadlines.
Rendeavour announces affordable housing partnership in Ghana
07-08-2017 | 11:41:00
Appolonia City, Accra's new city development, will build 100 affordable homes as part of a partnership with the country's leading mortgage provider, Ghana Home Loans.
Rentorr redefines South African property market with one stop shop concept
02-08-2017 | 08:08:46
Rentorr is a dynamic online platform that brings together property owners, real estate players, vendors, people who want to rent a home, in one space. It offers solutions that completely align with the realities of the 21st century.
[South Africa] AXS Systems makes residential estate, office park management easier with integrated online platform
02-08-2017 | 08:02:14
AXS Systems recognizes the challenges faced by South African residential estates and office parks who struggle to manage various aspects of their communications and resident interactions.
African Property Group launches real estate marketplace websites in eight African markets
22-06-2017 | 09:03:00
African Property Group is launching eight new websites in emerging African nations that will allow the populations to search for properties, using their computers or mobile phones.
Reshaping the future of real estate for African cities
22-06-2017 | 06:40:00
Researchers predict that in 2030, Lagos, Cairo and Kinshasa will each have to cater for over 20 million people, while Luanda, Dar es Salaam and Johannesburg will have crossed the 10 million mark.
African Property Group launches the first real estate mobile apps in 8 African countries
19-06-2017 | 06:17:00
African Property Group has launched last January eight websites in emerging African countries that allow local people to find properties for sale or rent using their computers or mobile phones.
Roads & Corridors East Africa 2017 | 20-21 June Nairobi, Kenya
29-05-2017 | 11:40:00
Governments across East Africa are set to change transportation and trade development by investing in the expansion and rehabilitation of existing roads, the creation of new road links between key cities and cross-border connections
Namibia MAC to debut $250 million bond offer to finance country’s mortgage market
26-04-2017 | 06:40:49
Namibia Mortgage Acceptance Corporation ("Namibia MAC"), a subsidiary of Africa Growth Corporation has announced its intention to launch a Regulation D (506(c)) debt offering as it seeks to secure funds through accredited investors to facilitate access to financing solutions
Kenya in need of two million more low income homes to boost economic growth
13-04-2017 | 05:22:53
The focus section of the latest edition of the Kenya Economic Update by World Bank has been dedicated to analyzing Kenya’s housing market and the policies that can be put in place to make housing more affordable for many Kenyans, as stipulated in the Constitution of Kenya 2010 and the National Development Plan, Vision 2030 Strategy.
Nigeria real estate sector to record 5.39 percent growth
10-04-2017 | 11:27:00
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.
Nigeria real estate sector to record 5.39 percent growth
10-04-2017 | 10:32:00
Notwithstanding the negative growth recorded in 2016, the real estate sector is expected to grow at an average rate of 5.39 per cent between 2017-2020.
Marriott International to debut Aloft Hotels in Mauritius with signing of the brand’s first adaptive re use project in Africa
23-03-2017 | 13:31:00
Marriott International, Inc. has announced plans to launch its cutting-edge Aloft brand in the capital city of Mauritius with the signing of Aloft Mauritius Port Louis. Slated to open in early 2019, the hotel will be the brand’s first adaptive reuse project in Africa.
[Nigeria] Kwara Govt enters partnership with ANDP to build 5000 housing units
22-03-2017 | 09:37:00
Kwara State Government has signed a partnership agreement with the Africa Nations Development Programme (ANDP), to build 5,000 housing units in the state.
Dangote Group to launch fundraising for The Africa Center in New York City
22-03-2017 | 06:12:00
Halima Aliko Dangote was recently appointed the president of The Africa Center in New York City (with the major responsibility of raising capital for the center. The goal is to raise funds to complete the center building in New York.
African Development Bank approves new $28.2 million funding injection in Shelter Afrique
16-02-2017 | 14:56:06
The African Development Bank has disbursed an equity investment of $8.2 million in Shelter Afrique, a Development Finance Institution investing in affordable housing for Africa.
The Kenyan real estate market and the introduction of Real Estate Investment Trusts
14-02-2017 | 14:30:16
The past decade has seen significant growth in most key sectors of the Kenyan economy, thanks to a vibrant private sector and the ever-increasing foreign appetite for investments in Africa.
[Togo] IFC invests $2 million in West African Development Bank to spur affordable housing
14-02-2017 | 13:23:09
IFC, a member of the World Bank Group, has announced a financing agreement with the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire,
[Kenya] Housing Finance targets prospective home owners with low interest mortgages
09-02-2017 | 06:13:32
Kenya’s premier mortgage lender Housing Finance has announced that it intends to introduce a credit facility that will allow subscribers access loans at below market rates, as it seeks to increase home ownership numbers in Kenya.