Category
Published stories attached to the Commercial category.
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IHG Hotels & Resorts has signed a management agreement with Kleek Development for a 250-key Crowne Plaza hotel in New Cairo, due to open in the first quarter of 2031 as IHG deepens its Egyptian pipeline.
The Nigerian Ports Authority has opened talks with inland dry port operators on fixing rail and logistics gaps, and is courting private investment to upgrade the facilities as cargo volumes rise.
Construction of the GEMS International School of Zanzibar is expected to begin soon, with planned capacity raised from 1,100 to 1,500 students at the Infinity Hills mixed-use development near Stone Town.
A new bonded warehouse with capacity for about 700 containers has begun operations in Abuja, offering importers inland storage and customs clearance closer to Nigeria's northern market.
South Africa's Hawks have obtained a court order restraining four properties and eight movable assets valued at R7.746 million that are linked to an Eskom fraud and money-laundering case.
Kenya's Telposta Pension Scheme has agreed to sell four properties in Nairobi, Mombasa and Gilgil for Sh9.62 billion to three government institutions as it moves to cut its real estate exposure to within regulatory limits.
A private developer has secured more than R70 million to redevelop 137 Lower Marine Parade on Durban's Golden Mile, a project eThekwini says will expand the site's commercial space by about 135%.
South Africa's national office vacancy rate fell to 11.8% in the third quarter of 2026, five percentage points below its pandemic-era peak, according to the South African Property Owners Association.
Cape Town's Constantia Emporium shopping centre has been sold to FPG Holdings after the Competition Commission approved the transaction without conditions, in a deal that also includes an adjacent vacant plot of land.