South African hotel chain Tsogo Sun Group has announced plans to invest US$100mn in two hotels in Nigeria and Mozambique
Construction
Aengus to invest US$300 million in Africa
Student accommodation builder Aengus Investment Properties is planning to expand into six African countries to meet the growing demand for student accommodation
Five West African countries to undertake road project
Five West African countries have outlined plans to invest in the expansion of the Lagos-Abidjan highway in an attempt to boost trade and commerce
Mexico’s Cemex plans upgrade of Egyptian plant
Mexican cement company Cemex has announced plans to invest US$100mn in Egypt in an attempt to upgrade its operation in the North African country
African bank to fund housing projects in Kenya
The Commercial Bank of Africa (CBA) has signed a deal worth more than US$17mn with housing project financer Shelter Afrique for funding housing schemes in Nairobi, Kisumu and Mombasa