Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced that it is looking into investing a further US$ 110 million into Mozambique, by acquiring an additional four properties, as well as the second stage development of its Anadarko building.
New report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure narrows to about USD25bn a year.
The Vibeiras branch in Morocco was awarded the contract for the maintenance of green areas – Section 3 following an international public tender launched by the Casablanca Municipality.
POWER utility Eskom's longstanding vision of harnessing the hydroelectric potential of the Congo River moved a step closer this week with the pending signing of the intergovernmental memorandum of understanding.
South Africa, along with Egypt, Nigeria, Morocco and Tunisia, accounted for 60 percent of all direct investment inflows into Africa from 1997 to 2001, a draft World Economic Forum (WEF) report had shown.
The Internet market in Africa doubled from 2.5m users to 5m last year, while the South African market grew by close on 80%.
A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.