Home prices in Nairobi have increased at the fastest pace in 11 years on the back of renewed demand from buyers who had slowed down acquisitions at the peak of …
Building
Acorn Investment Management on Thursday announced half-year 2022 results of the Acorn Student Accommodation Development REIT (ASA D-REIT) and the Acorn Student Accommodation Income REIT (ASA I-REIT). The listed REITs together …
- AfricaBuildingBusinessNigeriaWestern Africa
BUA Cement Declares N88.04 billion Dividend Payout for Shareholders
Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021, at N2:60k per ordinary share of 50k …
Dangote Cement Plc has listed three tranches of bonds worth N116 billion on the Nigerian Exchange (NGX), paving the way for the bondholders to trade on them. The bonds were …
The cost of home and office decor is set to increase as firms start passing on the new tax on imported wooden products. PG Bison Kenya Limited, dealers in interior …
- Banking, Finance & InvestmentBuildingBusinessEconomy
CBK Floats 18-Yr Infrastructure Bond Worth KSh 20B
The Central Bank of Kenya(CBK) has floated an 18-year Infrastructure bond worth KSh 20 billion that has been on sale between 28th June 2022 and 7th July 2022 or upon …
- Banking, Finance & InvestmentBuilding
Central Bank of Nigeria clears $1.7billion worth of FX backlogs by October.
The World Bank has stated that Nigeria’s external reserves are expected to decline as the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion worth of FX backlog …
Emergency response services on Monday confirmed the killing of eight people with many feared trapped in a collapsed, three-story residential building has collapsed in Lagos, Nigeria’s largest city. “Twenty-three people …
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the …