Category
Published stories attached to the Investment category.
339 items
Page 4 of 38
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.
The National Bank of Egypt is extending a five-year, EGP 975 million facility to developer Mabany Edris to speed up construction of its Koun development on the North Coast, as buyer payment plans stretch far beyond build timelines.
Adeer International, the global investment arm of Saudi Arabia's Sumou Holding Group, has formed a strategic alliance with Hassan Allam, MIDAR and Sumou Investment to develop hospitality projects in Egypt with planned investments of about $2 billion.
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.
Dubai-based Reportage Group says Kenya remains a core market after inspecting its three Nairobi developments, which will together deliver 819 residential and hotel apartments.
The High Court's Commercial Division has nullified two bank mortgages over 12.35 acres in Kyambala, Wakiso district, ruling that land housing Ndejje Quality School, a mosque and a cemetery was fraudulently transferred.
Dangote, BUA and HBM lifted combined revenue 20.8% to N5.79 trillion in nine months even as a 50kg bag sells for up to N15,000, sharpening scrutiny of pricing in Nigeria's cement market.
Paradise Island Resort, a 38-unit solar-powered retreat on a 19-acre private island about 20 minutes by speedboat from Speke Resort Munyonyo, will open on 1 December after more than five years of construction.