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Published stories attached to the Investment category.
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eThekwini Municipality's planned R980 million Durban amusement park has secured development funding approval from an unnamed development finance institution and is targeting construction after the first quarter of 2027.
Sujimoto Group has announced a 49-storey luxury hotel in Lagos that would sell individual suites to investors from $150,000, as it positions the project as Nigeria's tallest hotel.
Shareholders of Infinity Trust Mortgage Bank have approved a N50bn capital raise that can be executed through a rights issue, private placement or public offer, as the mortgage lender positions itself for expected sector capital rules.
Hotel101 Global has signed binding agreements with IGI Holding for a country-wide joint venture in Egypt, starting with a roughly 750-room hotel on a 15,984 square metre site in 6th of October City.
Redefine Properties has put R106 million into a 7.014 MWp rooftop solar plant at Brackengate that wheels power across Cape Town’s municipal grid to Kenilworth Centre, Blue Route Mall and the Towers office precinct.
Egypt has reached an EGP 11 trillion agreement with Talaat Moustafa Group for four multi-use developments, announced as President Abdel Fattah Al-Sisi directed the construction of hundreds of thousands of rental homes.
The Infrastructure Concession Regulatory Commission says concessionary loans, mortgage support and risk-sharing have drawn about $125 million of private investment into the Renewed Hope housing scheme, cutting its effective cost by roughly 30 per cent.
A Housing Development Advocacy Network report says African developers are building for a buyer class that does not exist in sufficient numbers, leaving affordable stock underserved even as demand for housing keeps rising.
Durban-based Shree Property Holdings has acquired the former Plascon and Beacon chocolate factories on South Coast Road and will invest about R1.6 billion converting them into roughly 80,000 square metres of logistics warehousing.