West Africa
Landlords feel the pinch as Nigeria’s economic slump deepens
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. ... Full story
Interest rate cuts not enough to pull Nigeria out of recession
Lagos - Interest rate cuts alone will not help to pull Nigeria out of a recession amidst rising inflation, the country's central bank said on Wednesday. ... Full story
Nigeria's weak economy leads Sun International to the exit door
JOHANNESBURG – South Africa's Hotel and gaming group, Sun International Ltd [JSE:SUI] announced on Monday that it will packing its bags exiting Nigeria, amid a number of factors. ... Full story
New $68m Shopping Mall for Abuja
Abuja — Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017. ... Full story
Investments in Nigeria can succeed despite Boko Haram threat
While terrorism has not yet had a severe effect on real estate in Nigeria, Africa’s largest economy, there are concerns that security needs to be heightened to prevent any future serious damage to the sector. ... Full story
Breaking 'ground' on first Hilton Hotel in Cape Verde
Luxurious beach front hotels developer, the Resort Group is developing first Hilton Hotel in Cape Verde’s capital and largest city, Praia. ... Full story
Nigeria’s Ikeja City Mall sold to South African property companies
Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited. ... Full story
$60m Achimota Retail Centre in Ghana opens
The latest shopping mall development to be complete in Ghana – the $60 million Achimota Retail Centre located in north-eastern Accra - opened its doors today to the delight of locals. ... Full story
Airports Company South Africa at the brim of clinging advisory tender in Ghana
Airports Company South Africa (Acsa) is finalizing a deal to advise the operator of Ghana’s main airport on the construction of a new international terminal, with funding from the Development Bank of Southern Africa (DBSA). ... Full story
Affordable property key to Ghana’s real estate industry
Affordability is becoming a major driver in Ghana’s real estate market as the housing sector is not delivering at the rate and scale needed, nor is it serving the diversity of the market. ... Full story
Most Popular
Watch: A Credible Market, the need for Standards in Property Industry
Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story
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