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Uber’s Uganda operation facing a driver revolt over low fees
On the 5th of July, Oxfam Executive Director Winnie Byanyima Opened Pandora’s’ Box on the reality of Uber In...
Tracking the Missing Link: Why Uganda is missing out on the Cocoa windfall
On the Campaign Trail in 2016, Uganda’s President Yoweri Museveni who was campaigning for a 7th term, stopped in...
McKinsey’s latest report on Africa-China economic partnership challenges previous beliefs
Through a study conducted across eight countries that together make up about two-thirds of Sub-Saharan Africa’s GDP, the report...
The new gold in town: Why Kenya’s Real Estate firms are moving into agribusiness
Welcome to Isinya; in the heart of Kajiado County, 58 kilometres south of Kenya’s capital Nairobi. Evidently, the area is sparsely populated majorly because it falls within Kenya’s pastoralism belt. But in the last four years, this area has witnessed an influx of real estate companies, as developers move... Read more
Chinese company to spend 20 billion dollars developing second phase of Egypt’s new capital
China Fortune Land Development (CFLD) has signed a deal to develop and manage 14,000 acres (5,700 hectares) of Egypt’s new administrative capital at a cost of $20bn, the Egyptian cabinet said in a statement on Monday. The development, which will include homes and offices and all relevant infrastructure, will... Read more
Sub-Saharan Africa makes progress in real estate transparency
JLL’s Global Real Estate Transparency Index ties transparency to real estate investment, business activity and living standards across markets worldwide, including 15 Sub-Saharan African countries.   While tangible improvements in transparency are being made, Sub-Saharan Africa is still some distance from competing equally with its counterparts in the EMEA... Read more
Kenyan authorities said on Sunday the number of people killed when a multi-storey residential building collapsed in the capital Nairobi more than a week ago had risen to 49 after more bodies were pulled out of the rubble. The six-storey building in Huruma, a poor neighbourhood in the city,... Read more
The government of Ethiopia started the construction of the first ever 18 story tall 11 condominium houses’ buildings.  Each floor will host 11 households which makes the total number of houses under this project 2178. The new project aims at solving building space problems in the capital Addis Ababa.... Read more
According to the African Land Commission’s Coordinator Shadrack Omondi  Land Registration in Africa stands at 10% (In Uganda it is 20%) and the rest is communally owned and unregistered, the land tenure systems in place also tend to Overlap meaning a titled piece of land will have the title... Read more
Zambia on Tuesday announced a decision to borrow $275 million from China to build houses for the police amidst opposition to government borrowing and slumping economy. The announcement was made by Presidential spokesman Amos Chanda after a Cabinet meeting. Finance minister Alexander Chikwanda has insisted the southern African nation... Read more
CONFORTIS INTERNATIONAL Inc is investing sustainably in Togo by building « WellCity », a new city where the Togolese middle class will be able to buy ” good quality, ecological housing, at competitive prices and on repayment terms that are manageable in the long term, ” announced architect Dontou Hiloukou Derou, founder... Read more
A survey of prices of international grade hotels in selected major African cities, produced by hospitality research firm STR Global , ahead of the Africa Hotel Investment Forum (AHIF), taking place at the end of September, has revealed that Addis Ababa is the most expensive place for a good... Read more
The cost of raising finance for real estate projects has always been a subject of hot debate in Uganda, because while countries like Kenya and Ethiopia have various options for Housing finance, Ugandan developers continue to depend on very expensive money coming from banks or that from abroad, which... Read more