Mauritius' trade deficit widened 15.6 percent to 5.64 billion rupees ($160.68 million) in February from the same period a year earlier due to a fall in exports of manufactured goods, the statistics office said on Friday..
Angolan government is confident that it expects economic growth to pick up this year as inflation slows closer to its target, Finance Minister Archer Mangueira said.... Full story
African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors.
This year has been challenging for listed property especially in South Africa but the sector has nevertheless performed.
Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kindie, the import export mogul, bought the Hotel in 2010 for 92 million Br.
There is still no respite for property owners in Nigeria. The sluggish economic growth for the last few months does not bode well for rental market.
Marriott International (NASDAQ: MAR) announced plans to debut Element Hotels, the eco-incubator brand in Egypt in early 2019.
Burundi’s real estate market has been stifled by unrest in the country for decades. Currently rebels in the country are trying to oust the country’s President Pierre Nkurunziza.
There is a scramble for African property assets as investors look to gain first mover advantage in the continent.
Construction has begun on the new $7.4 billion (R84 billion ZAR) new city in Modderfontein, Johannesburg, owned by Hong Kong listed Shanghai Zendai, with development of 300 residential units underway. ... Full story