Category
Published stories attached to the Commercial category.
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A News Agency of Nigeria survey in the capital finds annual shop rents that were N500,000 to N700,000 now going for N900,000 to N1.2 million in some locations, pushing traders to downsize or move online.
Octodec Investments has completed the R397.5 million sale of Killarney Mall, transferring ownership to AJPG Property 1 on 2 November 2026 after all conditions, including Competition Commission approval, were met.
Deputy Minister for Lands, Housing and Human Settlements Kaspar Mmuya says Tanzania's government-owned land and buildings abroad should be developed commercially rather than left idle, speaking during a visit to a 22-storey building under construction in Nairobi.
President John Dramani Mahama says 200 acres have been acquired at Weta in the Volta Region for a light industrial area dedicated to textile and garment manufacturing, to be developed by Ghana EXIM Bank.
Raphael Tuju and Dari Limited have lost a bid to stop the auction of the Entim Sidai Wellness Sanctuary in Karen, Nairobi, after the High Court found their protective order lapsed for want of a Sh50 million deposit.
The Ghana Union of Traders' Associations says Chinese-owned shopping malls are capturing an estimated 60 per cent of retail trade and wants authorities to examine their operations.
Parliament's COSASE committee has told the National Social Security Fund to guarantee that workers' savings are protected after the fund put about Shs180 billion into a Marriott-branded hotel in Nsambya, questioning the valuation behind the deal.
Mauritius-based Grit Real Estate Income Group says it will dispose of all its real estate assets, including Kenyan holdings last valued at $158.2 million (Sh20.5 billion), after its board accepted a conditional binding offer for its development platform.
Occupancy at SSNIT's flagship Accra office buildings has fallen as low as 15.94%, with the pension manager blaming failing lifts, generators and air-conditioning for driving tenants away.