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Telling Stories About African Real Estate & Infrastructure

Why NADDC Boss Jelani Aliyu Should Focus on Industrial Parks For Tractors Not Cars

Recently, the Director-General of NADDC, Jelani Aliyu, MFR, led a delegation to South Africa where he held discussions with a coalition of major automotive manufacturers including BMW, Nissan, Ford, Volkswagen, Toyota and BAW. The NADDC DG had also previously visited Innoson Motors, a local car manufacturer in Nnewi, Nigeria and inked a deal to support the establishment of an Automotive Industrial Park. These discussions and tours by the NADDC DG are to encourage these multi-national companies to come into Nigeria ...

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Healthcare Infrastructure: Shutdown of $200m Ibom Specialist Hospital & Lessons Therefrom

The $200m Ibom Specialist Hospital in Uyo, Akwa Ibom State, Nigeria, has been shut down, two years after it was built and commissioned by the former Governor of Akwa Ibom Godswill Akpabio. Almost all the health workers in the hospital were foreigners, mostly from India and it was privately managed by a company called Cardiocare Medical Services Ltd. At the launch of the hospital, the former Governor boasted that the hospital, which he described as ‘world class’, was better equipped ...

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Afriscaper’s CEO, Adebola Omololu To Speak At TOC Africa in Durban, South Africa

Afriscaper’s CEO, Mr Adebola Omololu has been invited and has accepted to speak at the inaugural TOC Africa event in Durban, South Africa from December 5-6, 2017. Mr Omololu will be speaking about ‘Funding Major Infrastructure Projects across Africa’. The TOC Africa event is an international trade, transport and logistics event being run in partnership between TOC Events Worldwide, the Province of KwaZulu-Natal (KZN) and the South African national port and rail network operator Transnet. For more information about the ...

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Before You Buy Property In Nigeria, Check The Property Rating

Have you heard stories of people being scammed by fraudsters when buying property in Nigeria? You probably have. We keep hearing these stories particularly because our company – Afriscaper, has a goal to bring trust and transparency to Nigeria’s property and infrastructure sectors. The stories of scams are even worse for non-resident Nigerians who are unable to physically verify the developer’s claims. It is for this reason that Afriscaper has now introduced a new service that helps property buyers and ...

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Solutions To Nigeria’s Infrastructure & Property Funding Shortage.

We don’t have solutions to Nigeria’s infrastructure & funding shortage…Yet! To develop one, we are trying to identify the important variables. Kindly take 2 minutes to fill this simple survey to help us identify ways to solve Nigeria’s Infrastructure & Property funding shortage. TAKE THIS QUICK SURVEY! Nigeria, Africa’s largest economy is said to need $100 billion over the next 6 years to meet its current infrastructure needs (ICRC). What is obvious is that most African Governments will not be ...

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Morocco’s Energy Consumption To Comprise 50% Renewables By 2030

   By the year 2030, Morocco will have invested $40 billion in projects aiming to develop the energy sector. The country’s ambitious strategy seeks to derive 50% of its energy needs from renewable sources by the same year. This was at a recent forum in Bahrain’s capital, Manama. The forum’s main focus was on the latest developments in the renewable energy sector. The Minister of Energy, Aziz Rabbah said that the Kingdom has been able to turn its challenges into ...

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Construction Of 24-Storey Office Building in South Africa Commences

   The construction of a 24-storey office building in Cape Town South Africa has commenced; this is according to Abland, one of South Africa’s leading property developers, together with their JV Partners- The Ellerine Brothers. The development of Cape Town’s newest office tower- 35 Lower Long will be on Lower Long Street. It will be a four-star green building and is set to transform the site that was previously known as the Ernst & Young offices into a 24-storey development. Currently, ...

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Eko Atlantic Gets First Occupant as ABC Orjiako Acquires Afren Tower

  Oil magnate moves his firm, Salvic Petroleum to seaside city  • Ramps up Shoreline’s production to 60,000bpd The first building to be completed in Nigeria’s cutting-edge city of the future, Eko Atlantic, has been acquired by oil magnate and Chairman of Seplat Petroleum Development Company Plc, Dr. ABC Orjiako. The 15-storey building, designated Alpha 1 or Afren Tower, was designed by James Cubitt architects and built by the Chagoury-owned construction firm, ITB Nigeria Limited, for a private investor with the intention of ...

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ICRC: $100bn Required for Nigeria’s Infrastructure Development

The acting Director General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwa, has put the total amount of funds required to provide quality infrastructure in Nigeria over the next six years at about $100 billion. Izuwa estimated that while about $60 billion would be required for the oil and gas sector; about $20 billion to revamp the power sector;  $14 billion for road; and between  $8 and $17 billion for rail tracks. The ICRC boss said this while speaking at the annual ...

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What Nigeria Can Learn From China On Lifting People Out of Poverty

I am constantly amazed as to how China has been able to lift 400 million people out of poverty and create a new middle class. There have been accusations leveled at China from the human rights, climate and political communities; however in this article, I will focus purely on economic issues and what Nigeria can do to lift 70 million people out of poverty. Yiwu in eastern China used to be a small village settlement. It is not a State Capital, ...

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