News From The Web

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

The New Times

Rwanda announces fresh construction sector reforms

April 16th, 2019

Rwanda Development Board (RDB), the City of Kigali and the Rwanda Housing Authority have announced new reforms, expected to ease the process of securing construction permits and spur investments.

The reforms, which were announced on Monday, are expected to reduce the cost and time it takes to process construction permits.

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Businessday

Stanbic IBTC Holdings Plc:Excellent risk management strategy pays off as NPLs Improve

April 16th, 2019

Stanbic IBTC Holdings Plc just released its 2018 audited financial statement that showed there were improvements in key ratios. The lender has maintained its position as the bank with the strongest return on equity (ROE) in the industry, a stellar performance that shows management and board of directors have deployed the resources of owners in…

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Businessday

Technology to define future of real estate as prop-tech gains ground

April 16th, 2019

The era of traditional methods and conventional practices in the Nigeria real estate sector will soon be overtaken by technology as transactional activities in the sector are, increasingly, being done with property technology (Prop-tech) which is already getting spirited attention and investment interest. Proptech is a collective term used to define start-ups offering technologically innovative…

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Tuko

Uhuru’s 1.5% housing levy deductions from salaries begins in May

April 16th, 2019

President Uhuru Kenyatta's Big Four Agenda on affordable housing is set to receive a major boost as the government sets in motion the implementation of the 1.5% levy deduction from salaries as from May 2019. Both the employer and employee are each expected to submit 1.5% of the basic salary to the National Housing Development Fund (NHDF).

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Businessday

Why investors snub REITs despite potentials

April 16th, 2019

Real estate investment trust (REITs) ought to provide investors with opportunity to diversify their portfolio in funds of various property types, thereby lessening investment risk and volatility but in Nigeria, investors overlook these positive sides owing to unexciting performance of the REITs market.

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Nairametrics

Accessing Alternative Investment Opportunities in Nigeria for Better Returns

April 15th, 2019

If you are like most other people in the world, you probably like things money can buy. You want to make a lot, and very quickly. Maybe you are one of those who sends DMs to financial institutions looking for products with a 25% return in one month – we’re not judging you but, really? The truth is that money-making opportunities are becoming increasingly available, more easily accessible and less conventional in today’s world; you need to know where to look.

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This Day

Construction of Ebute-Meta-Apapa Rail Project to Commence December, Says FG

April 15th, 2019

The federal government, has expressed its readiness to commence the construction of the Ebute-Meta-Apapa rail project by December.

The move, government hinted was to curtail the lingering gridlock crisis along the corridor, thereby decongesting the seaport.

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Today

FHA: N3.7 billion Zuba mass housing ready by August

April 15th, 2019

The first phase of the Federal Housing Authority (FHA) Zuba Mass Housing Scheme project which began nine months ago will be commissioned in August this year.

The Managing Director of FHA, Prof. Muhammad Al-Amin, announced this during a recent inspection of projects in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola. He said N3.7bn had been committed so far into the Zuba housing project.

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The Star

First affordable houses available in September — PS

April 15th, 2019

• About 200,000 Kenyans have registered for Boma Yangu

• As many as 10,000 acres acquired for the project

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Business Daily Africa

Here’s how to build long-term supply of affordable houses

April 15th, 2019

According to estimates, the affordable homes under the Big Four will cost between Sh600,000 and Sh3 million with the Kenya Mortgage Refinance Company (KMRC) established to facilitate the provision of affordable mortgages.

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The Nation

IFC, Actis, others to manage over $350b assets

April 15th, 2019

ABOUT 60 investors including International Finance Corporation (IFC), Actis AXA Investment Managers have agreed to adopt the Operating Principles for Impact Management, a market standard for impact investing, IFC Chief Executive Officer, Philippe Le Houérou, said at the weekend.

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Stears Business

In Nigeria, FinTechs show the way to alternative investments

April 15th, 2019

Deposit your money in a savings account. The bank bundles those savings into a loan to a furniture-maker, receives interest on the loan, and uses a portion to pay interest on your initial deposit. That’s how banking and lending works. Banks take money from Peter to give Paul.

But, what if we could cut out the middle man and give our savings directly to the furniture-maker?

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UN Environment

Smart housing prototype shows promise in rapidly urbanizing Africa

April 15th, 2019

Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare.

Studies show that hundreds of millions more Africans will live in cities over the next three decades.

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Vanguard

Alternative investment key to economic growth in Africa – Ocorian

April 14th, 2019

Ocorian, an award-winning Alternative Investment, Corporate & Institutional, Private Client and International Growth service provider has held its maiden forum in Nigeria.

The forum which brought together investment bankers, investors and policy makers highlighted the importance of alternative investment, corporate governance and adequate risk management to growing African companies and countries.

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Ghana Web

Construction sector thirsts for regulation

April 14th, 2019

The lack of a regulatory body to streamline activities in the construction sector has led to poor standards, low capacity development and government delays in payment to contractors, the newly-established industry advocate, the Ghana Chamber of Construction Industry (GhCCI), has said.

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