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Africa Property News

Sanlam and Atterbury join to buy Accra Shopping Mall Stake from Actis

Sanlam Capital Markets, a wholly owned subsidiary of Sanlam Limited, through its properties division, has acquired an 85% shareholding in Accra Mall, the largest shopping mall in Ghana. ... Full story

Sebele Mall brings Gaborone Consumers a new Generation Convenience experience

The issue of convenience is a strange one in Gaborone. In a city with an abundance of malls and shopping centres, one might have assumed the convenience factor had been satisfied to death. ... Full story

Bigen Africa to partner with Ghanaian Estate Developer to build low cost housing

A South African infrastructural development company, Bigen Africa, has expressed interest in partnering Ghanaian real estate companies to build affordable houses for the poor and middle income earners. ... Full story

PIC seeks SA retailers partnership for Africa growth

The Public Investment Corporation (PIC) said yesterday it was exploring investment partnerships with South African retailers looking at broadening their footprint in Africa, a sign that it was serious about delivering on its mandate to invest close to R5bn on the continent. ... Full story

The Potential for Property Values in Africa‎

So you thought Europe or the Americas were the continents' best place to invest in property? Think again. ... Full story

Botswana's new landmark set to boost job market

The newly built Airport Junction Mall will create 600 permanent jobs once fully operational, says the Assistant Minister of Finance and Development Planning, Dr Gloria Somolekae. ... Full story

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

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

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

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

Lonrho clinches hotel deal in Kinshasa

Lonrho Hotels, a division of London-listed property group Lonrho Plc, has entered into a 10-year management agreement for the 450-room Grand Hotel in Kinshasa, the capital of the Democratic Republic of the Congo (DRC). ... Full story

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