Africa's infrastructure investment spending decreased in 2016 compared 2015, according to Deloitte 2016 African construction trends report..
Sandton Central, without doubt, has become the most important business and financial node in South Africa, and plausibly sub-Saharan Africa.... Full story
Real estate markets in Central and Eastern Europe (CEE) are seeing record levels of international capital inflow while many markets in Sub-Saharan Africa are lagging behind.
Graeme Stephens, the chief executive of South African hotels and casinos operator Sun International which owns flagship resort property Sun City, near Rustenburg, is to step down at the end of April 2017.
Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kindie, the import export mogul, bought the Hotel in 2010 for 92 million Br.
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.
Marriott International (NASDAQ: MAR) announced plans to debut Element Hotels, the eco-incubator brand in Egypt in early 2019.
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.
There is a scramble for African property assets as investors look to gain first mover advantage in the continent.
Sandton Central, without doubt, has become the most important business and financial node in South Africa, and plausibly sub-Saharan Africa. ... Full story