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Banks Suspend Lending Money in Ethiopia

Banks Suspend Lending Money in Ethiopia

Land and buildingloans are not easy anymore. This is because the Commercial Banks and the National Bank of Ethiopia have suspended all the loans contingent on land and property. The State Minister said in an interview on FM Radio that for illegal purposes, money was being used. There are solid indications that the black market […]

African urban growth is expected to be massive

African urban growth is expected to be massive

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably […]

Ethiopia: Radical Redesign in Housing needed as Addis Ababa runs out Space

Ethiopia: Radical Redesign in Housing needed as Addis Ababa runs out Space

Ethiopia is among the leading countries in Africa with massive construction of housing schemes. These schemes are concentrated in Addis Ababa, with the government trying to cater for the ever-growing urban population. The ability for the Ethiopian government to solve the relenting urban housing demand is uncertain with the forecasted doubling of the current population […]

The 2017 trends in the hotel markets in Africa

The 2017 trends in the hotel markets in Africa

In 2017, Africa continued to attract investments, both regional and global which have seen the continent move closer to economic freedom. However, the fluctuating tourism index, shifts in currency and political events presented rewards and risks to hotel markets across Africa. West Africa in particular experienced positive changes as the world prices for oil started […]