cap: This transaction represents Vantage Capital’s 29th mezzanine investment across three generations of funds in ten African countries. (Image source: Vantage Capital Group)
Vantage Capital, Africa’s one of the leading mezzanine fund managers, has provided US$4.89mn of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo
The proceeds will be used for the construction and rehabilitation of 44 roads in the six geopolitical zones in the country. (Image source: Robert Owen-Wahl/Pixabay)
The Nigerian government has handed over US$419.50bn to the Ministry of works for the proceeds of the third Sukuk Bond that it recently raised
The DMO allotted US$420mn to investors in the third Sovereign Sukuk and the proceeds will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. (Image source: 4939/Pixabay)
The Nigerian Debt Management Office (DMO) has announced an oversubscription of its US$390mn third Sovereign Sukuk bond by 446 per cent, attracting US$1.72bn in total
The Guyuk Cement Plant will be the major investment in the North East by BUA and solicited for support of governor Umaru Fintiri to set up the factory in Guyuk. (Image source: BUA Cement)
BUA Cement, one of West Africa’s leading cement companies, is set to establish a three million metric tonnes cement plant and 50MW power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria
Revenues from travel and air transport are projected to be hit hard, as well as foreign direct investment (FDI). (Image source: Free-Photos/Pixabay)
The 2020 construction output growth forecast for the sub-saharan Africa (SSA) region has been revised down to 0.7 per cent from the previous pre-COVID forecast of 3.6 per cent, according to GlobalData