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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

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

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