Trends to Shape African Real Estate in 2020
African property markets are as diverse as can be, based on various political, economic and cultural factors. But this has not stopped certain trends...
AfDB to fund $272 million Tanzania airport
The African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. The funding...
Skyscraper completions declined by 13.7 per cent in 2019
According to the Council on Tall Buildings and Urban Habitat's newly released annual report (CTBUH) Tall Trends of 2019, there are now 170 supertall...
Morocco declares 59 cities free of slums
Moroccan authorities have declared 59 cities slum free according to housing minister Nezha Bouchareb. As part of slum elimination efforts, the country has been...
Egyptian Real Estate Mogul Has Acquired Thomas Cook Germany
Egyptian business magnate Samih Sawiris has acquired the German Subsidiary of fallen travel firm Thomas Cook through his Raiffeisen Touristik (RT) Group according to a...
Green bond financing for real estate taking shape in Africa
African real estate markets are increasingly warming up to the concept of green financing. Green financing is the use of fixed income financial instruments...
Africa’s hotel investors push for total control
Hotel investors in Africa are shifting gears. According to global real estate firm, JLL, investors with an eye on the growing Sub-Sahara African market...
Technology and innovation will help speed up removal of land sector corruption in Africa
The Africa Development Bank has urged that African countries must act faster to purge corruption in the land sector by harnessing technology and innovation. Speaking...
Africa hotel performance recorded marginal increase in Q3 2019
Hotels in Africa registered a growth in occupancy, average daily rate and revenue per available room according to hotel data provider, STR. Occupancy rose by...
Africa’s real estate markets remain attractive despite volatility
Africa’s real estate market shave experienced significant volatility over the past year as a result of changes in the regulatory environment, swings in commodity...
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Watamu skyscraper to unseat The Pinnacle as tallest building
Before the dust settles on news of the ongoing construction of Africa’s tallest building in Upper Hill, Nairobi, something is happening at the Kenyan...
How Big Is An Acre Really?
An acre is the typical measurement of a piece of land, used by buyers and sellers to have an understanding of the size of...
Kenya Construction Costs, 2017
The construction industry represents 6 percent of global GDP according to the International Construction Market Survey for 2017. However, productivity growth in the construction industry...
AVIC unveils the Global Trade Centre in Nairobi
Chinese company AVIC International, through its Kenyan subsidiary yesterday unveiled the Global Trade Centre (GTC) a city complex set on 7.5 acres of land...
Second Phase of Dongo Kundu Bypass to begin next month
Phase 2 of the Dongo Kundu bypass project is set to be rolled out from next month after the Attorney General gave clearance to...