While Nigeria’s economic downturn created adverse conditions for international companies operating in the country, leading construction and property solutions company, Profica, adopted an astute approach to doing business that enabled them to weather the storm.
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.
Experienced Nigerian consumers are ahead of the curve when it comes to online shopping compared to consumers in Kenya and South Africa, according to the Broll Shopper Segmentation Report 2016 Volume 1.
Japan-headquartered global investment bank Nomura, attracted by a surge in mergers and acquisitions into the rest of sub-Saharan Africa, will set up shop in Cape Town.
Mozambique has moved into the world’s spotlight with the rumblings of change in recent years as multinational companies have discovered substantial reserves of gas on land and offshore.
The property and broader built environment sector has an important role to play in Africa’s growth, but it needs to be taken more seriously and prioritised.
Ashburton Investments is pleased to announce the first close of the RMB Westport Real Estate Development Fund II (Westport II), raising just under USD250m of the USD450m target. Ashburton Investments provided significant support with fundraising for the first close with eight of the firm’s offshore and South African institutional clients investing in the fund to date.
New report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure narrows to about USD25bn a year.
It’s the final countdown to the year’s biggest business events on the African continent and a vitally important event from a business tourism perspective, Meetings Africa, which takes place at Sandton Convention Centre in Johannesburg, from 22 to 24 February.
Mobus Property Developments, Group Five Property Developments and Metropolitan Insurance (MET) have signed a 20 million US dollar development agreement for Metropolitan Insurance’s new head office which will be housed in one of the three buildings within Ghana’s first Office Park; Capital Place.