Following the successful completion of their 35th Annual Conference, the members of the African Union for Housing Finance together agreed on a Cape Town Declaration on Housing Finance, at their Annual General Meeting on 6 November 2019. 

The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.

Speaking at the Africa Hotel Investment Forum in Kigali, Rwanda, Xander Nijnens, Senior Vice-President, Hotels and Hospitality Group, JLL Sub-Saharan Africa, announced that Lux Island Resorts Limited has entered into an agreement to sell its Tamassa resort on the Indian Ocean Island of Mauritius for US$40 million.

Speaking at the Africa Hotel Investment Forum in Kigali, Rwanda, Xander Nijnens, Senior Vice-President, Hotels and Hospitality Group, JLL Sub-Saharan Africa, said: “Our medium-term outlook for the hotel sector is positive and JLL forecasts demand growth of 3% to 5% per annum during the coming three years.

Green building is gaining rapid momentum in Africa with office buildings in Rwanda and Namibia both receiving 6-Star Green Star ratings, certified by the Green Building Council of South Africa (GBCSA).

The Rwandan government has contracted South Africa's Southern Sun Hotels to manage two new hotels for 15 years