News From The Web

Browse through our curated selection of African economic, real estate and infrastructural stories from around the web.

Construction Review Online

Nigeria to construct a new modern City

February 1st, 2019

Nigeria is set to construct a new modern city at whopping cost of US $249m, in the North West Quadrant of the Lekki Free Zone in Lagos, one of Africa’s fastest-growing cities with a population of over 20 million.

Read More

allAfrica

Kenya: Locals Demand Pay for Land Taken 30 Years Ago for Vihiga Govt Offices

January 31st, 2019

People who gave out their 30-acre piece of land in 1985 for the construction of government offices and other facilities in Mbale town, Vihiga County are now demanding compensation.

Read More

The Citizens

Court temporarily liquidates real estate company

January 31st, 2019

The real estate company owned by Mpumalanga businessperson and conservationist Fred Daniel was yesterday provisionally liquidated, despite his claims that the business could still be rescued. Acting Judge Nante Diedericks granted an order in the High Court in Pretoria, placing Mountain View Investments (Pty) Limited under provisional liquidation.

Read More

Forbes

The Crucial Real Estate Deal Component Most Investors Miss

January 30th, 2019

If you’re like most real estate investors, you probably receive deal packages from real estate syndicators, also known as sponsors, on a regular basis. Often, these packages contain executive summaries that position the deals as excellent investment opportunities.

Read More

TheGuardian

Industry bigwigs list measures to improve ease of doing real estate business

January 30th, 2019

In apparent bid to overcome obstacles limiting Federal Government’s ease of doing business in the real estate sector, global experts and bigwigs met in Lagos at the weekend to review its implementation in the industry.

Read More

Forbes

Designers And Experts Share The Best Home Renovation Tips For Maximum Resale Value

January 30th, 2019

Whether it’s just one room or an entire house, renovations are a major undertaking. These projects require time, energy and cash. From investors planning to rent out or flip a property to the average person buying their first home, every renovation decision made now can impact the return on investment in the future....

Read More

BiggerPockets

Should Real Estate Investors Sleep Soundly Despite Stock Market Scaries?

January 30th, 2019

Scared about the recent stock market roller coaster? I’m not.

Previously, I explained why real estate investors‘ response—or rather, their lack thereof a response—to market swings tends to be vastly different than speculators‘ response.

Read More

BUSINESS DAY

Pension fund investment in real estate down N3bn y-on-y in November 2018

January 29th, 2019

BusinessDay analysis of PENCOM Nigeria data reveals that the Pension Fund Administrators’ (PFAs) investment in Nigeria’s real estate sector decline by 1.25 percent year-on-year in November 2018. In November 2017, the amount invested by PFAs in properties stood at N224.72 billion, a N2.82 billion decline when compared to the N221.90 billion it invested in corresponding…

Read More

Africa Feeds

AfDB bans Nigerian construction firm for fraud

January 25th, 2019

The African Development Bank Group has banned construction firm ALG Global Concept Nigeria Limited for the next 36 months. The bank says it’s investigations revealed that the firm engaged in numerous fraudulent practices in bidding processes.

Read More

pv Magazine

African Development Bank’s $25 million for sub-Saharan renewables

January 25th, 2019

The African Development Bank Group has approved equity investment of up to $25 million for the ARCH Africa Renewable Power Fund (ARPF). The private equity fund claims an investment volume of $250 million for renewable energy projects in sub-Saharan Africa.

Read More

ESI Africa

Announcing the first project financing facility for Africa

January 25th, 2019

The facility was launched by CrossBoundary Energy Access (CBEA) who will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia.

Read More

This Day

FIABCI–Nigeria Holds Annual New Year Dinner/ Awards

January 25th, 2019

The International Real Estate Federation (FIABCI), the most prestigious real estate organisation in the world, through its Nigerian Chapter, will on Friday, January 25, hold its Business Forum and Annual New Year Dinner & Awards scheduled to hold at the Lagos Oriental Hotel, Victoria Island, Lagos.

Read More

African Daily Voice

Zambia completing the construction of communication towers

January 25th, 2019

JOHANNESBURG, SOUTH AFRICA (ADV) – Lusaka Times has reported that the Zambian government is about to complete the construction of communication towers across the country ahead of schedule – a project expected to cost over $280 million dollars.

Read More

Construction Review

Nigeria to complete US $71m road projects in Osun-Fashola

January 23rd, 2019

The Federal Government of Nigeria has mobilized contractors back to site to complete the abandoned US $71m road projects in Osun-Fashola. Mr. Babatunde Fashola, Minister of Power, Works and Housing confirmed the reports and said that the government considers those project as fundamental for the socio-economic survival of the people in those areas.

Read More

Business Report

Construction of luxury R1.4bn Oceans Mall to get underway

January 23rd, 2019

DURBAN - Construction of the Oceans Mall, part of the R4,5 billion International Award Winning Oceans Umhlanga Mixed-Use development in Umhlanga is due to start in February 2019, according to Oceans Umhlanga chairman, Vivian Reddy.

Read More