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Africa Property News

Airport Junction mall opens in Gaborone

In November 2010 construction commenced on the 50 000 m² regional shopping centre, Airport Junction, northern Gaborone as a joint venture between Eris Property Group and local partner Bifm at an estimated cost of R 428 million. ... Full story

Private equity the best route to African property profits

Investors looking to participate in the sub-Saharan Africa growth story should consider property, says Derrick Roper, CEO of Novare Equity Partners. ... Full story

SA, Ghana bolster co-operation in energy industry

Deputy President Kgalema Motlanthe has on Wednesday led a South African delegation to Ghana for a visit that will elevate the level of cooperation in energy security and energy-related technology ... Full story

S.Africa business urged to investment in Zimbabwe

Trade and Industry Deputy Minister Elizabeth Thabethe has called on business to invest in Zimbabwe, saying there were vast opportunities in the neighbouring country. ... Full story

Zimbabwe plans $100m infrastructure bond

Zimbabwe plans to float a $100m bond to rebuild its dilapidated infrastructure as the country struggles to attract foreign investment, the finance minister said on Wednesday. ... Full story

Zimbabwe Feb CPI inflation unchanged at 4.3 pct y/y

Zimbabwe's headline consumer inflation rate was at 4.3 percent year-on-year in February, unchanged from January, the National Statistical Agency said on Thursday. ... Full story

Kenyan hotelier TPS's profit jumps 23 pct in 2011

Kenyan hotelier TPS Eastern Africa (TPSE.NR: Quote, Profile, Research) posted a 23 percent jump in 2011 pretax profit to 853 million shillings ($10.4 million), even though security alerts hurt business in the fourth quarter. ... Full story

Travel groups pour into open-for-business Africa

The world's big hotel chains and airlines are rushing to serve new corporate customers in Africa, as Chinese and Middle East investment boosts business interest in the resource-rich region. ... Full story

Libyan govt reclaims Gaddafi mansion in London

The Libyan government reclaimed possession from Saadi Gaddafi of a London mansion worth 10 million pounds after a British court ruled on Friday it had been bought using stolen Libyan state funds. ... Full story

Construction at The Gateway Malawi’s biggest retail centre on track

Development of Malawi’s new 17 500m² retail shopping centre, The Gateway, is on track, scheduled to open in March 2013 ... Full story

Mozambique to spend $500m on airports

Mozambique's airport company will spend $500m over three years to modernise its key facilities to encourage more foreign carriers to open routes to the country, its CEO said on Wednesday. ... Full story

Pinnacle Point Lagos Keys project folds

Pinnacle Point Group cannot raise funds to develop its Lagos Keys project in Nigeria, whose value is estimated to be R398 million. ... Full story

China rail company inks $1.4 billion contracts in Africa

A subsidiary of China Railway Construction Corp Ltd has signed two projects in Africa with a total contract value of 9.1 billion yuan ($1.4 billion), the company said in a statement to the Shanghai Stock Exchange. ... Full story

City Lodge ushers in African expansion

Sales improve 9% in the six months to December 31 compared to the year before, plans now in the pipeline to invest R1,5bn in hotels across Africa. ... Full story

International brands push demand for retail space in West Africa

There is a strong demand for retail space in both Nigeria and Ghana, driven largely by a growing middle-class and interest from international brands to enter the West African market. ... Full story

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