Category
Published stories attached to the Investment category.
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Minor Hotels and Abu Dhabi developer Bloom Holding have agreed to develop the 38-key Anantara Retreat Rabat, marking both groups' entry into Morocco's hospitality market with an opening targeted for early 2030.
Banque Misr has signed EGP 10 billion in financing agreements with Founders Real Estate Marketing, the marketing arm of Hyde Park Developments, to fund integrated residential, commercial and administrative projects in Egypt.
Billionaires, sovereign wealth funds and royal families are behind Africa’s most expensive hotels, as developers expand luxury accommodation across major cities, safari destinations and coastal resorts.
Egypt's property assignment platform Aqar Exit says it has closed deals worth an estimated EGP 8.8bn since launch, as the estimated market value of its listings reached EGP 124bn.
Egyptian developer Madinet Masr has launched a fractional real estate investment offering through its SAFE platform, allowing investors to buy shares in selected properties from EGP 5,000.
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.
South African-founded asset manager Ninety One, which manages about $240 billion, plans to financially back infrastructure projects aimed at reversing the decay of Johannesburg, its chief executive Hendrik du Toit has said.
Shelter Afrique Development Bank has launched its first sustainable bond, a FCFA60 billion (about $100 million) issuance aimed at financing affordable, energy-efficient housing across West Africa's WAEMU region.
A Senegalese parliamentary commission is examining the allocation of two state-owned villas in Dakar's Point E district, after conflicting accounts over how the leases were granted.