Real estate

July 12, 2018

1

Weatherford to sell land drilling rigs to ADES International

Weatherford International Plc on Wednesday said it will sell its land drilling rig operations in Algeria, Kuwait, and Saudi Arabia, as well as two rigs in Iraq, to ADES International Holding for $287.5 million.

Weatherford is shedding underperforming assets in a bid to halt losses and trim its debt burden. The deal could boost investor confidence that Weatherford Chief Executive Mark McCollum can turn around the beleaguered oilfield services company.

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July 11, 2018

2

Growthpoint becomes first property listing on A2X

Growthpoint is South Africa’s largest listed real estate investment trust (REIT) and owns and manages a diverse portfolio of commercial, retail and industrial property assets on three continents. Growthpoint is a constituent of the Top 40 index, has a market capitalisation of R80 billion and will be the first property company to take up a secondary listing on A2X and the tenth company to join the exchange.

Growthpoint will retain its primary"...

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July 10, 2018

3

Nigeria: Dangote Cement, others lift NSE Indices By N8billion

Transactions on the trading floor of the Nigerian Stock Exchange (NSE), reopened upbeat yesterday, following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Forte Oil (FO), as market capitalisation rose marginally by N8billion.

Yesterday, the All -share index (ASI) gained 22.34 absolute points, representing a growth of 0.06 per cent to close at 37,647.93 points. Similarly, the market capitalisation gained"...

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July 9, 2018

4

Teraco to invest R1bn in ICT infrastructure

In its largest infrastructure build project to date, African neutral data centre provider has announced that it will be expanding the Teraco Isando Campus (JB1). Increased demand for additional data centre capacity is being driven by cloud uptake and enterprise organisations wanting to access the Teraco platform.

The expansion will occur in two phases. Phase 1, currently underway, will grow the facility by 2 000 cabinets bringing the total JB1 Campus"...

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June 20, 2018

5

Kenya’s Oserian Development Company Signs Deal with France-Based Flower Breeder as Firm Branches into Real Estate Sector

Oserian Development Company Limited, a Kenya-based horticulture firm, has signed a deal with French flower breeder, George Delbard to set up a show-house at its new Flower Park.

The move is part of the company’s diversification plan into an industrial park and real estate. This has seen the company establish an investment arm named Oserian Two Lakes to manage the park.

George"...

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