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Telling Stories About African Real Estate & Infrastructure

Nigeria & China Hold Negotiations On $4.92 Billion 3050MW Power Plant

16 November, 2017: Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, announced on Wednesday that the Federal Government had commenced negotiations for a $4.92bn loan from the China Exim Bank for the construction of the 3,050 megawatts Mambilla Hydro Power Plant. Speaking at a workshop on the Power Sector Recovery Programme in Abuja, the minister stated that the Federal Ministry of Finance had taken over the process that would ensure the release of the fund to Nigeria. Last Friday, ...

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Mastercard To Partner With Nigerian Business Leaders To Transform Nigeria’s Cities Into Strong Economic Hubs

With half of Nigeria’s population currently living in cities, it is critical that a development framework is in place to ensure future growth is sustainable. This was a key message highlighted at the Mastercard CEO Conversations dinner held on 15th November 2017, where dialogue focused on: ‘Developing Nigeria’s Smart Cities through Technology Transformation’. Leaders in businesses attended and joined the discussion with Mastercard President and CEO, Ajay Banga, who is visiting Nigeria this week. Bismarck Rewane, renowned economist, hosted the ...

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Nigeria’s Online Real Estate Startup ToLet Acquires Jumia House

Nigeria’s online property classifieds portal, ToLet.com.ng today announced it has acquired Jumia House Nigeria. The acquisition was achieved in conjunction with existing investors Frontier Digital Ventures. The deal is for an undisclosed sum. ToLet.com.ng said it will now merge the two platforms over the coming months, under the new name of PropertyPro.ng, creating Nigeria’s Number 1 property listings market leader in the online Property classifieds space, with 65% share of the Nigerian online real estate market. ToLet.com.ng said it currently has around 60,000 listings on its platform, ...

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Understanding The Transformation Of China’s Infrastructures

Adetunji (Teejay) Bolorunduro | Afriscaper   As a result of the financial crisis in the year 2008, several governments responded by increasing spending on infrastructures. The Chinese communist party central committee made the decision on promoting economic growth by expanding domestic demand by speeding up the construction of infrastructure for communications and transportation and projects to improve the livelihood of people. Out of 4 trillion yuan set aside for investment program, about 1.5 trillion yuan was spent on the construction ...

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Solar Energy Business In Africa & Pricing Strategies

Adetunji Bolorunduro | Afriscaper     Africa is often referred as the “Sun continent” or the continent where the Sun’s influence is the greatest and known  to receive more hours of sunshine than any other continent on earth (325 days of sunlight annually), yet two-thirds of the about 1.2 billion people still have no access to electricity (About 71 million people in Tanzania and Kenya, 50 million people in Nigeria without access to power). In several countries, less 20 percent ...

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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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