World Bank

Slow Infrastructure funding grips Sub-Saharan Africa

One of the issues that remains a perpetual bugbear in Africa, is slow infrastructure spending to unlock the continent’s economic growth potential, research shows ... Full story

Sub-Saharan Africa economic growth slips further from target

The latest report from World Bank shows economic growth in sub-Saharan Africa is likely to slip to 1.6% this year, the lowest level in more than two decades — as one of the world’s fastest-growing frontiers continues to lose steam because of overdependence on oil and commodity exports. ... Full story

SA’s largest property group secures $40m funding to invest in African venture

South Africa’s largest property group, Growthpoint Properties which controls a portfolio valued in excess of $6.5bn (R100bn ZAR), has secured $40m (R606m) finance facility with the International Finance Corporation (IFC). ... Full story

Fighting keeps Burundi Real Estate in the past

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. ... Full story

Black-owned property group to establish African Real Estate Fund

South African black-controlled Delta Property Fund plans to establish a new sub-Saharan Africa Real Estate Fund on the JSE in June, as it expects high dividend-paying strategies to become more appealing to investors. ... Full story

Economic growth in Africa expected to reach 5.2%

According to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects, economic growth in Sub-Saharan Africa continues to rise from 4.7 percent in 2013 to a forecasted 5.2 percent in 2014. ... Full story

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