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Domestic activity keeps Africa's Property Market afloat

Office yields remained largely stable in most African markets over the past two years, anchored by patient domestic capital as local investors assume a longer-term perspective, a new report shows. ... Full story

World Bank downgrades growth in Sub-Saharan Africa

The World Bank has cut its 2019 growth forecast for sub-Saharan Africa to 2.8% from an initial 3.3%, it said on Monday. ... Full story

Hyprop to exit sub-Saharan Africa, but Grit Real Estate stays put

While Attacq, famous for developing one of SA’s largest retail centres, Mall of Africa, and Hyprop investments, the owner of some of the best rated shopping centres, are trying to divest from the African continent, Grit Real Estate is spreading itself across the continent. ... Full story

Absa sees pockets of decent growth in Africa's Real Estate Market

Presenting snapshots of African markets in which Absa operates, Head of Africa Coverage, Commercial Property Finance, Selwyn Blieden, says significant opportunities for property developers and investors abound even in lean times. ... Full story

The Global Lift & Escalator Expo comes to Africa

An exclusive platform for the global lift and escalator industry players to explore Africa’s market potential will take place from 27-29 August 2019 at the Sandton Convention Centre, Johannesburg, South Africa. ... Full story

Radisson plans to open five hotels in Africa

Radisson Hotel Group, one of the world's largest hotel groups has begun 2019 with the announcement of its new commercial strategy for Africa. ... Full story

Africa’s economic growth expected at 4% this year

The future for Africa looks promising, although the continent will not develop through aid but rather via investment, said African Development Bank (AfDB) president Akinwumi Adesina. ... Full story

Marriott International grows its African footprint with three new deals

Hotel group Marriott International has expanded its presence in the African hotel market — with three new deals across North and West Africa, reinforcing its commitment on the continent. ... Full story

These are the 10 Wealthiest Cities In Africa

Africa is home not only to some of the world’s fastest-growing economies but also the majority of the world fastest growing cities. ... Full story

Africa-focused Property Fund optimistic about region’s long-term prospects

While many foreign investors may be cautious about Africa’s growth prospects at this stage, Grit Real Estate, Africa's largest property fund believes continent could be set for growth in the long term. ... Full story

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