Shelter Afrique Approves $18.5 Million Loan for DRC
Pan-African housing financier, Shelter Afrique has approved an $18.5 million corporate loan to a Democratic Republic of Congo-based developer (Maison Super Development (MSD)) for three housing projects. The five-year facility [...]
KenGen Adds 86MW into the national grid
Kenya's largest electric power producer KenGen on Tuesday held an event to commission the KenGen Olkaria I Additional Unit (AU) 6 Geothermal Power Plant, which aims to inject an additional [...]House Prices Decline by 3.99% in Q4 2021 KBA Report
The growth in house prices slowed down in 2021 from a strong uptick recorded during the last quarter of 2020, the latest Kenya Bankers Association Housing Price Index (KBA-HPI) report [...]
Shelter Afrique Receives $7.15 Million Additional Capital from Nigeria
Pan-Africa housing development financier, Shelter Afrique has received $7.15 million in additional capital subscription from the Federal Government of Nigeria. The Additional stake now takes Nigeria's shareholding to 15.8%, one-percentage [...]Africa's largest contact centre operator CCI Global to Set Base in Tatu City
CCI Global, the largest international contact centre operator in Africa, has announced plans to move to a purpose built, state-of-the-art five-story tower office in Tatu City, creating more than 4,000 jobs for Kenyans. CCI’s [...]
Liquid Intelligent Technologies Acquires Telrad
Liquid Intelligent Technologies, one of the largest Pan-African technology groups, has announced that it will acquire Telrad, an Israeli-based technology company, for an undisclosed amount of money. Liquid is a [...]
Google Lands Equiano Cable In Nigeria
Google and WIOCC, a cable landing partner, have announced the landing in Lagos, Nigeria, of the State-of-the-Art Equiano Subsea Cable. The cable will become a critical element in meeting Nigeria’s [...]Transport Ministry Readies KSh151 Million for Upgrade of 4 Airstrips
The Ministry of Transport is looking spend KSh151 million in the upgrading of four county airstrips, seeking to boost tourism by meeting the rising demand for domestic air travel. The [...]Japan Overtakes China as Kenya's Biggest Source of Bilateral Loans
In the budget estimates for the financial year starting July 2022, the Treasury has listed Japan as the largest source of bilateral loans and grants, overtaking China, which has been [...]Tanzania Signs Deal with Japan to Decongest Dar es Salaam
Tanzania has signed a partnership deal with the Japan International Cooperation Agency (Jica), seeking to decongest the Dar es Salaam. The project titled “Transit-Oriented Development (TOD) for Dar es Salaam” [...]Telkom Lands New 6th Subsea Cable in Kenya
Telkom has landed a new subsea fibre optic cable in Mombasa, Kenya, seeking to offer higher internet speeds, lower latency and broader bandwidth. The launch of the Pakistan and East [...]Shelter Afrique to Only Finance Affordable Housing Projects
Shelter Afrique, the Pan-African mortgage lender has developed a ‘Housing Affordability Calculator’ to vet proposals by developers pitching for affordable housing financing. The calculator requires the user to input the [...]
