Real estate

August 11, 2020


AADL-SEAAL: Memorandum of understanding inked to improve water supply services

ALGIERS- The National Agency for Housing Improvement and Development (AADL) signed a memorandum of understanding on Wednesday with the Algiers Water and Sanitation Company (SEAAL) providing for the management of drinking water supply DWS structures in the AADL cities, indicated a press release from the agency.

The agreement was signed by the Director General of AADL, Mohamed Tarek Belaribi, and the Director General of SEAAL, Brice Cabibel, at the"...

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August 6, 2020


African Infrastructure Investment Managers appoints new joint-MDs

African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors to be based in Cape Town and Lagos, following the retirement of the company’s previous CEO.

Vuyo Ntoi and Sola Lawson, have been appointed from within the business, and will continue to sit in their South Africa and Nigeria offices respectively,"...

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July 28, 2020


USTDA supports new LNG infrastructure in Nigeria

The U.S. Trade and Development Agency (USTDA) has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas (GLNG) to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.

“This project will support the diversification of Nigeria’s economic development while creating opportunities for U.S. companies to develop world-class infrastructure,”"...

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July 28, 2020


Walton Expands U.S. Homebuilder BOLD Funds to Support Demand for New Single-Family Home Market

Walton, a real estate investment and land asset management company with US$3.39 billion under management and administration, has expanded its Builder Option Land Development Funds (BOLD Funds), with an investment objective of raising capital to acquire land identified by large U.S. homebuilders for near-term residential development projects.

The collective $500 million in BOLD Funds -- $250 million U.S. fund targeted at U.S. investors and a separate"...

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July 19, 2020


Diamer-Bhasha dam construction begins.

The Prime Minister of Pakistan, Imran Khan, announced that the construction of the Diamer-Bhasha Dam in Chilas, the district headquarters of Diamer, is to be launched and that this is just the beginning of the other projects the government has planned to construct to generate low-cost hydel power. The Prime Minister stated that the decision to construct this specific dam is not new but has in fact been in the works for 50 years. He added that this is the best site for constructing the Diamer-Bhasha Dam as it is a natural"...

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July 12, 2020


South African cement industry at rock bottom

Durban - The cement and construction industry has almost halved in capacity since last year and stakeholders believe a boon in projects similar to those leading up to the 2010 Fifa World Cup was necessary to resurge the sector.

Level 5 of the government’s tiered approach to combat the coronavirus enforced regulations that brought the industry to a standstill. Sites closed, projects stalled, factories and production plants sat dormant. But"...

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July 12, 2020


PPC set to construct solar power plant, Zimbabwe.

Pretoria Portlan Cement (PPC), a cement manufacturer in Zimbabwe has been selected to construct and head the operations of a 32MW PV solar power plant. The solar power plant is expected to be constructed in the Matabeleland South Province, Colleen Bawn to be specific. The power that is produced at the site will be divided equally to provide electricity to other Pretoria Portland Cement facilities and the other half will be distributed to the Zimbabwean national electricity grid. The plant that is expected to take a year and"...

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July 7, 2020


BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria

West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola.

Abdul Samad Rabiu said"...

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July 5, 2020


BUA Cement to Establish Ultra Modern Cement, Power Plant in Adamawa-

BUA Cement, one of West Africa’s largest cement companies, is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa State in the North-eastern region of Nigeria.

The Chairman of BUA, Abdul Samad Rabiu, disclosed this when he led the BUA Cement management team on a courtesy call to the Adamawa State Governor, Ahmadu Fintiri in Yola.


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July 5, 2020


PM Djerad lays foundation stone for construction of 14,000 AADL dwellings in Algiers

Prime Minister Abdelaziz Djerad laid, on Saturday, the foundation stone for a project to build more than 14,000 AADL (Housing Improvement and Development Agency) housing units in Algiers.

At the start of his visit to the province of Algiers, Mr. Djerad laid the foundation stone for the construction of 6,010 housing units in the Plateau-sud of Ouled Fayet (west of Algiers), registered as a program of 14,145 units for the benefit of AADL subscribers"...

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