Foreign exchange and inflation have stabilized in Nigeria amid emerging market pressures.

“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

Attacq Limited (“Attacq”), a South African-based and JSE listed REIT, today reported results for the year ended 30 June 2018.

Africa’s burgeoning big cities will play an increasingly central role in the continent’s growth and development, driven largely by Africa’s rapid urbanisation.

RICS (the Royal Institution of Chartered Surveyors) has launched the Cities for our Future Challenge, calling on young people to come up with fresh, new ideas to help tackle the most pressing problems affecting cities in Africa and around the world.

Vantage Capital , Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.

Actis, a leading growth markets investor, is pleased to announce that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than $500m, comfortably exceeding its original $400m target.

AEL today unveiled its plans for the eagerly awaited future development in Agbara Estate. 

Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

Monday, 09 June 2014 15:33

Hotel business booming in Lagos

Tsogo Sun is South Africa's biggest hotel group, but it is its hotel in Lagos, the Southern Sun Ikoyi, that lays claim to the second-highest average room rate in the group, trailing only a boutique hotel in Seychelles.

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