Real estate

May 21, 2018


African Wave of Easing Is Mostly Ceased as Price Pressures Build

Rate decisions across Africa in the next two weeks are likely to confirm the continent’s biggest economies have mostly ceased a wave of easing that’s been going since last year.

Factors from sticky inflation to rising crude prices may persuade central bankers to freeze borrowing costs. Institutions in Nigeria, South Africa, Angola, Kenya and Mauritius will probably keep key rates unchanged at their forthcoming meetings -- and only Ghana’s"...

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May 19, 2018


Fairfax Africa to invest $24 million in Consolidated Infrastructure Group to support growth

Fairfax Africa Holdings Corporation has agreed to invest $24 million at current exchange in Consolidated Infrastructure Group Limited, a pan-African diversified infrastructure group, by way of a secured convertible loan.

It has also agreed to underwrite a $64 million rights issue to current shareholders to be undertaken by CIG. The aggregate proceeds from the Convertible and Rights Offering will strongly position CIG to grow its pan-African infrastructure"...

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May 5, 2018


CBMI signs two contracts in North Africa

Chinese engineering company, CBMI, has recently received a couple of orders from North Africa. The first was signed on 21 March with LafargeHolcim for the supply of a new cement grinding plant in Morocco. This was followed on 28 March by the signing of a contract with Algeria ASEC Cement Co. for the construction of a cement production line in Algeria.

The LafargeHolcim contract will see CBMI supply a grinding plant southeast of Agadir, Morocco."...

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May 1, 2018


Public Promotional Apartment Prices In Algeria Bewilder Expatriates

The hopes of many members of the Algerian community settled abroad frittered away after the announcement of the prices of new accommodation addressed to them in the form of “public tender” as specified by the Ministry of Housing, Town Planning and City, which set at 58,750 Euros the price of a three-room apartment (80 square meters), while the value of a 4-room apartment (100m2), has been set at 353 million centimes, or 73,400 Euros, while a 5-room apartment (120 m²), reached a price of 88,000 Euros.

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April 30, 2018


Abdali Boulevard Company PSC awards its Facilities Management Services to EFS Facilities Services

Abdali Boulevard Company PSC, a subsidiary of Abdali Investment and Development Group and the company behind The Boulevard, has recently awarded the management of its facilities to EFS Facilities Services, a global facilities management company with a presence in over 22 countries and whose client roster features some of the most prestigious regional corporations and institutions.

Under the scope of the three-year agreement, EFS Facilities Services"...

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April 29, 2018


One Million Dollars Donated to Educate Refugee Children in Asia and MENA Region

(AETOS Wire) -- A donation of USD 1 million has been given to strengthen the educational infrastructure for refugee and internally displaced children in Asia, Middle East and North Africa, at a time when according to UNHCR statistics, children represent about half of the displaced population globally.

His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the United Arab Emirates Supreme Council"...

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April 29, 2018


Al Zahia Celebrates Spring with Its First Annual ‘Open Market’

Al Zahia, Sharjah’s premier lifestyle destination, celebrated spring with its first annual ‘Open market’ event, held at the community’s Trees Park. Designed to foster human engagement and social well-being, the ‘Open Market’ in Al Zahia was attended by over 600 residents, visitors and retailers.

During the two-day event, residents and visitors enjoyed savoury food items offered"...

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April 25, 2018


World Bank to assist Africa to embrace green buildings to combat climate change

The private sector arm of the World Bank Group on Tuesday said that it will assist African nations to embrace green buildings in order to combat climate change.

Dennis Odenyi Quansah, Consultant for Excellence in Design for Greater Efficiencies Africa Implementation, at the International Finance Corporation (IFC) told Xinhua in Nairobi that the aim of his organization is to ensure that real estate developers in Africa go green so that they reduce"...

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April 24, 2018


Algeria completes bulk of trans-Saharan highway project

Algeria announced that it has completed the construction of 1,600 kilometers of Trans-Saharan Highway with another 200 kilometers under working progress, the official APS news agency reported.

APS quoted Mohamed Ayadi Secretary General of the Trans-Saharan Liaison Committee as saying Monday in Algiers at the 68th session of the committee that the north African country has completed the construction of 1,600 km of the road and the remaining 200 km"...

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April 23, 2018


Cytonn starts building Sh15bn Kiambu estate

Asset manager Cytonn Investments is on Monday set to start building its RiverRun estate — a Sh15 billion mixed use development in Kiambu County.

Cytonn is funding the project through a mix of pre-payments from buyers and debt instruments.

RiverRun, which is set to be built in two phases in Ruiru comprises a boat club, a boutique hotel , a water theme park, a school,"...

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