Friday , 28 March 2014
More Tourists Visit Africa Each Year, Boosting Economic Growth and Making the Continent Competitive with Other Regions STORY HIGHLIGHTS Africa has the potential with its cultural and natural resources to outpace other regions in attracting valuable tourism dollars But entrepreneurs need transparency, roads and electricity to help them build and expand tourist destinations A new report outlines constraints and... Read more »
A fresh wave of interest is blowing across the Nigerian retail market with more foreign retailers warming up for entry into the market to take a bite of the nation’s soaring household buying power. The past couple of years have seen growth in retail business in Nigeria due largely to the growing sophistication among the emerging middle class who have shifted... Read more »
IN a bid to maximise its tourist potentials, Enugu State Government has acquired 200 hectares of land at Attakwu in Enugu South local council to construct an open range zoo, which will be developed in conformity to all international conventions of animal conservation and environmental preservation. The State’s Commissioner for Culture and Tourism, Ozo Joe Mmamel, said the government was... Read more »
Lagos State Governor Babatunde Fashola, has described the handingover of the 7-kilometre Ibeshe Road as a statement of fidelity by his administration. He said he has redeemed his promise to construct the road during the electioneering campaign, saying he has kept his promise. Speaking during the handing over of the road, Governor Fashola explained that there were noticeable improvement in... Read more »
Resilient Africa is a joint venture between South African companies that are specifically focused on developing shopping malls in Nigeria, a market that is being targeted by an increasing number of foreign retailers. The joint venture includes the majority stakeholder Resilient Property Income Fund, a specialised retail property loan stock company, Shoprite Holdings, a food retailer in Africa, andfinancial and... Read more »
The UACN Property Development Company Plc on Friday commenced the development of a 27-apartment luxury estate in Abuja. The firm said the estate, which has been christened: ‘The Pinnacle,’ would help meet the housing needs of residents of the Federal Capital Territory. It said the housing units would have luxurious finishes with fitted kitchens. Speaking at the ground-breaking ceremony for the project,... Read more »
Heirs Holdings, a pan-African investment company chaired by a former Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, has signed an agreement with the Lagos State Development Property Corporation for the redevelopment of the iconic Falomo Shopping Mall located in Ikoyi, Lagos State. The mall, according to a statement made available to our correspondent, will be redeveloped into... Read more »
A cocktail of options on how to bridge Nigeria’s infrastructure financing gap yesterday resulted in a senior government minister, Shamsudeen Usman, minister, national planning, saying “Nigeria needs about $2.9 trillion in the next 30 years to execute its integrated infrastructure master plan.” Usman told the audience on the first day of ongoing roundtable by the Securities and Exchange Commission (SEC) that... Read more »
AMID yearnings for luxury residential accommodation in the Lekki Peninsula in Lagos, frontline property development firm, Messrs UACN Properties has concluded plans to introduce another exquisite housing estate into the real estate market. Christened Pinnock Beach Estate, phase 111, the project is bound to increasing the number of modern estates along the Victoria Island- Epe axis, with offering of 79... Read more »
NOTWITHSTANDING some issues that surround the take off of the proposed 4th Mainland bridge, Lagos State Official last week confirmed that physical works would soon commence. They said though preliminary works had started, the state government intends to address several concerns over the planned infrastructure project. Besides, property development along the corridor has slowed down, following recent pronouncement of officials... Read more »