IFC invests in Tanzania affordable housing
To help increase access to longer-term, affordable mortgages and housing in Tanzania, IFC subscribed to a corporate bond…
Construction
Infrastructures key for Africa trade, security, UN official says
The Economic Commission for Africa (ECA) will continue to support the LAPSSET Corridor Infrastructure Project linking the East…
Megatel Homes reports record-breaking sales in May 2021
Megatel Homes LLC, one of the largest private homebuilders in the country, today announced that the company experienced…
A&D mortgage issues new securitization with non-QM loans
A&D Mortgage, together with Imperial Fund, recently closed their second stand-alone securitization post the pandemic.
New American funding ranks 13th on OC’s top list
New American Funding, a leading mortgage lender, has been ranked the 13th top private company headquartered in Orange…
Inventory rebounds amid record home value and rent growth
Continued torrid growth in the housing market paired with a long-awaited bump in inventory in May, according to…
Barings provides acquisition financing on Burbank office
Barings, one of the world’s leading investment managers, today announced it has provided a $48.3 million mortgage to…
420-acre research community coming to San Felasco
San Felasco Research Ventures has announced the development of a new mixed-use Research Community within the City of…
Newmark arranges $350 million loan for 16-property suburban office portfolio
Newmark, on behalf of Angelo Gordon and the WE’RE Group, has arranged a $350 million floating rate, securitized…
Ethiopia inaugurates Meskel square renovated project
Prime Minister Abiy Ahmed of Ethiopia on Sunday inaugurated the recently renovated Meskel Square and Churchill Road –…
U.S. home price appreciates at highest levels
Home prices in the U.S. rose again in April, albeit at a slightly lower rate than recorded in…
African Development Bank debars Mactebac Contractors Limited
The African Development Bank Group announces the 36-month debarment of Mactebac Contractors Limited, a company registered in Kenya…
IMF advises Sierra Leone to improve infrastructure project management
In its new report released today the International Monetary Fund (IMF) advised Sierra Leone to improve management of…
Granite Construction gross profit up 166.1% year-over-year
Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its…
New factory to solve cement shortage in Ethiopia
A new cement factory under construction with 7,000 metric tons of production capacity per day is set to…
Price Watch points to construction sector key driver of growth
“A vibrant construction sector is an indisputable driver of GDP growth in a country,” said Bartholomew Armah, Director…
$456 million asphalt roads to connect Ethiopia with neighbors
The Government of Ethiopia has awarded several asphalt road projects worth close to $456 million that connect the…
Butajira City infrastructure investment paying off
Effective investment in infrastructure by Butajira City, one of the fastest growing cities of Ethiopia, has been paying…
Africa50 launches podcast to attract investment in infrastructure
Africa50, in partnership with US based Foreign Policy magazine, has launched an exciting new podcast series called Africa…
German company enters Ethiopia’s real estate market
ROCKSTONE Ethiopia, a German based company, has invested one billion Birr to building KEFITA, a G+20 exclusive apartment…
Asphalt road connecting Ethiopia, South Sudan completed
Asphalt concrete road of 60.2 kilometers linking Ethiopia with South Sudan has completed last week, said Ethiopian Roads…
East African Holding to build 800 houses in Addis Ababa
East African Holding, one of industrial conglomerates in Ethiopia known for its investments in manufacturing of consumer goods,…
Addis launches express bus road construction
By Sisay Woubeshet – The Addis Ababa City Administration on Saturday launched the construction of an express road…
Ethiopia awards $752 million road construction projects
NEWS- Ethiopian Roads Authority on Thursday awarded 15 road construction projects worth 25.8 billion birr (about $752.2 million)…
Ethiopia, Sudan to link with 1,522 kilometres railway
NEWS- The Governments of Ethiopia and Sudan have launched a study to link the two countries with 1,522…
Sierra Leone’s new road cuts travel times, transforms lives
For truck driver Joseph Turay, navigating the 120 km Matotoka-Sefadu road in northeastern Sierra Leone used to be…
Eagle Hills launches Addis Ababa luxury apartments’ sales
Eagle Hills, Abu Dhabi-based private real estate investment and development firm, is set to launch sales for its…
PM Abiy launches $69 million road project in Jimma
Prime Minister Abiy Ahmed of Ethiopia launches a 2.2 billion birr (about $69.3 million at current exchange rate)…
Addis Ababa launches construction of Adwa center
The Addis Ababa city Administration has launched the construction of six projects in the capital worth 10.7 billion…
Ethiopia inaugurates toll road linking with Djibouti
With the aim of easing its import-export trade logistics, Ethiopia today officially inaugurates 220 kilometers toll road that…