West Africa
Nigerian Property Market impacted by Anti-Graft laws
With the introduction of President Muhammadu Buhari’s administration, there has been a massive offload of properties, especially in the high-end market, having an impact on Nigeria's property market due to government’s anti-graft laws. ... Full story
$3.5 billion earmarked for Abuja City Center development
According to Nigeria's Minister of Federal Capital Territory (FCT), Senator Bala Abdulkadir Mohammed, construction work on the Abuja City Center expansion project is set to start in May this year at a cost up to $3.5 billion. ... Full story
Senegal to get $120m smart city in Diamniadio
The Senegalese government and the African Development Bank (AfDB) is going ahead with plans to build a mega-digital park in the city of Diamniadio. ... Full story
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Standard Bank signs $80m debt facility with Durban’s Shree Property Holdings
Standard Bank Group, Africa’s biggest lender by assets and earnings, has signed a debt facility of R1 billion (approx. USD80 million) with Durban based company, Shree Property Holdings, to enable the company to refinance existing loan facilities and acquire new properties to add to its industrial property portfolio in KwaZulu-Natal. ... Full story