Real estate

December 8, 2016


Finnish fund Taaleri to invest Sh10bn in East, S.African property market

Finnish private equity fund and financial services group Taaleri Plc plans to invest Sh10 billion ($100 million) in East and South African real estate projects.

Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market.
The two companies are exploring more investment opportunities in both real estate and renewable energy sectors.


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December 7, 2016


GICA group starts oil-well cement manufacturing

The public cement manufacturing industrial group (GICA) has launched the certification process of its oil-well cement, in anticipation of the manufacturing of this material for the first time in Algeria, CEO of GICA Rabah Guessoum told APS.

A sample quantity amouting to 300 tonnes of this cement was produced in last November and then delivered to Sonatrach to be tested.


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December 3, 2016


UN hails Algeria's achievements in precarious housing eradication

Minister of Housing, Urban Planning and the City Abdelmadjid Tebboune received Resident Representative of the United Nations Development Programme (UNDP) Eric Overvest, who extended UN's congratulations to Algeria on the achievements made in the eradication of precarious housing.

According to a communiqué released by the Housing ministry, both officials held a meeting Thursday in Algiers, in which they broached issues relating to sustainable"...

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November 22, 2016


IT in real estate market grow at a CAGR of 12.1% to reach USD 8.91 billion by 2021 scrutinized in new research

The IT in real estate market is projected to grow from USD 5.03 billion in 2016 to USD 8.91 billion by 2021, at a CAGR of 12.1% during the forecast period. Organizations in the commercial real estate sector provide customers with smart solutions to control various systems in homes and offices.

Capturing data from sensors in real estate spaces, such as homes, workplaces, shopping places, and parking lots, among others, combined with the power of analytics,"...

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November 20, 2016


Largest mall in East and Central Africa to open doors in Kenya

In about 90 days, the largest mall in East and Central Africa will open its doors in Kenya.

The highly touted Two Rivers Mall in Nairobi’s posh suburb of Runda is set to open its doors to the public in February 2017, Centum Group – the company undertaking the multimillion dollar venture – CEO James Mworia has revealed.

Mworia said the Centum Group’s"...

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November 16, 2016


Building material imports: 18% drop in first nine months

Building material imports bill (cement, iron and steel, wood and ceramic products) stood at USD1.61 billion over the first nine months of 2016, against USD1.95 billion in the same period in 2015 (-17.65 %), the Customs told APS.

Imported quantities shrunk to 7.95 million tonnes (Mt) against 8.14 Mt (-2.4%), except wood whose imports increased, according to the Customs' National Centre for Data Processing and Statistics (CNIS).


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November 13, 2016


Implementation works of 50 industrial parks to be launched before end of 2017, announces Bouchouareb

The implementation works of 50 industrial parks intended for investment will be launched before the end of Q1 2017, announced Saturday Minister of Industry and Mines Abdessalem Bouchouareb.

Speaking at the Government-Walis meeting held in the Palace of the Nations, the minister said that these 50 industrial parks will be distributed among 39 provinces over a total area of 12,000 hectares.


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