Investing
Grit Real Estate — treading where angels fear
While many property investors voted against Africa with their feet leaving the continent when its economies were on its knees — for Grit Real Estate, it was a triumphant entry. ... Full story
JP Morgan eyes Africa for growth
American multinational investment bank, JPMorgan Chase & Co has confirmed plans to expand in Africa as it sees international investors appetite in the African growth story. ... Full story
Grit's legwork pays off in Africa
Grit Real Estate Income Group, the only listed pan-African property company is soaring and now has a pipeline of opportunities in Africa worth. ... Full story
South African largest property fund begins its acquisition trail into Africa
Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has begun executing on its strategy to aggregate a quality portfolio of prime income-producing commercial assets in Africa. ... Full story
SA Shopping Mall Investor reduces exposure to Africa
Hyprop Investments, South Africa’s largest listed specialized shopping centre owner, on Friday said that AttAfrica Limited, in which it owns a 37.5 percent stake, had concluded an agreement to dispose of its interest in Achimota Retail Centre in Ghana. ... Full story
SA REITs eager to seize opportunities in other African countries
South African Real Estate Investment Trusts (REITs) have renewed their appetite for African property assets following a challenging economic environment negatively impacted the local listed property sector in 2018. ... Full story
Africa's Free Trade zone to ease the cost of doing Business
Last month, the African Continental Free Trade Area (AfCFTA) finally came into being, opening the way for a continent-wide market of 1.2 billion people worth $2.5 trillion. ... Full story
$500m raised for new Hospitality Fund dedicated to Sub-Saharan Africa
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. ... Full story
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
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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