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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

China's President Xi pledges another $60 billion for Africa

Chinese President Xi Jinping has announced a $60 billion package of aid, investment and loans to Africa, against a backdrop of growing concern about rising debt distress on the continent. ... Full story

BRICS development bank to expand lending to private sector

The New Development Bank (NDB), set up by the BRICS group of major emerging economies, wants loans to the private sector to eventually take up a 30 percent share of its project portfolio, a senior executive at the bank said on Tuesday. ... Full story

Big sub-Saharan African economies to get potent lift this year

Sub-Saharan Africa’s biggest economies will benefit from a global upswing this year - as long as the U.S.-China tariff dispute does not disturb improving global trade flows, a Reuters poll ... Full story

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