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Africa Property News

Ghana Real Estate Market promises to Flourish in 2013

The rise of Ghana property market has been well documented in the past decade and there has been an improvement in infrastructure deficit with better prospects for growth still to come. ... Full story

Namibia sees growing interest from South African home buyers

Historically an appealing destination for South African tourists, Namibia is experiencing increasing interest from South African home buyers, mainly among those seeking to acquire homes in Windhoek and leisure and residential properties in Swakopmund, says Dr Andrew Golding, CE of the Pam Golding Property group. ... Full story

Business in Africa campaign launched

US acting secretary of commerce Rebecca Blank on Wednesday launched the Doing Business in Africa Campaign, while also expressing concern at the recent labour strikes in South Africa. ... Full story

Nedbank backs Maseru Mall in Lesotho

Nedbank has provided a syndicated development facility and long term debt funding of R181 million for a major 32,000m² retail centre that launches in Lesotho’s capital, Maseru, today. ... Full story

First report on Property Investment performance in Botswana launched

Investment Property Databank (IPD) released its first-ever Botswana property performance report in Gaborone today. ... Full story

Ghana's property market outlook upbeat

The prognosis for Africa’s projected economic growth is positive, as commonly reported in the media. At a time when western economies are faltering, the positive statistics make particularly attractive reading. ... Full story

Actis funds R190 million development of Nairobi Business Park

Actis, a private equity firm has invested R190 million ($22 million USD, Sh1.9 billion) towards second phase development of Nairobi Business Park and construction works have started after the developer broke ground on 16th October 2012. ... Full story

Actis commits R2,5 billion for real estate in Africa

Actis, the pan-emerging markets private equity firm today confirmed the final close of its second African real estate fund, Actis Africa Real Estate 2, with total commitments of R2,5 billion. ... Full story

RMB Westport raises R2,3 billion for West African Property

FirstRand Bank Ltd, said the property unit of its investment banking arm raised R2,3 billion for its Real Estate Development Fund aimed at developing real estate assets in West Africa. ... Full story

Africa’s industrial policies key to sustained growth

There is an urgent need for Africa to develop industrial policies which will underpin the diversification of production structures, raise competitiveness levels and expand the continent’s export basket, says Trade and Industry Minister Rob Davies. ... Full story

Actis named best Real Estate Developer in Africa by Euromoney

Regarded as the benchmark awards for the global real estate industry, Actis has been named “Best Developer in Africa” by international finance magazine Euromoney. ... Full story

Atterbury and Hyprop join forces to tackle Sub-Saharan Property Investment drive

Joining Atterbury Group’s African expansion, Hyprop Investments Limited has entered an agreement as a co-investor in Mauritian-based property investment company, Atterbury Africa Limited. ... Full story

Accra office property market shows encouraging signs of activity

Ghana’s real estate investment is drawing millions of dollars into the Ghanaian economy, thereby filling in the infrastructure deficit and providing better prospects for growth. ... Full story

Zambia poised for some upward growth in Real Estate Market

Zambia's Real Estate Sector is poised for some upward growth and is widely tipped to record sustained economic growth of approximately seven percent over the next few years. ... Full story

Gaborone's Lansmore Masa Square opens its doors to the Public

Lansmore Masa Square, part of the Lonrho Hotels family, yesterday (11 July 2012) opened for business to the public. ... Full story

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