African Business News

South Africa's Cornubia Shopping Mall to open 2017

Cornubia Shopping Mall in South Africa which is currently under construction is set to open its doors in September 2017, a month after the opening of another mall in Limpopo.

The Cornubia Shopping Mall which is currently being developed by Investec Property on the north coastal development corridor of Durban sits on 85,000m² space and is rising from the old cane fields alongside the M41 at Flanders Road.

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Construction begins for Wangari Maathai Institute in Kenya

The construction of an ultramodern centre at the University of Nairobi in memory of Nobel Laureate Wangari Maathai has kicked off in Kenya.The Institute estimated to cost US$1.4 billion. Local consultants led by Scope Design Systems are behind the project
Kenya’s President Uhuru Kenyatta this week laid the foundation stone for the Wangari Maathai Institute for Peace and Environmental Studies at the university.

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Egypt: Majid Al Futtaim shopping mall to open early 2017

The leading mall in Egypt, Majid Al Futtaim shopping mall is currently working on its final phases in readiness for its opening in March 2017.

The mall is going to be the largest and pioneer in terms of retail and leisure across North Africa and will cost a whopping US$ 675m.

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Watumishi Housing Company to construct 500 housing units in Dodoma

Watumishi Housing Company (WHC) is planning to build 500 housing units for public servants in Dodoma as the government relocates there.

The public entity which is a licensed fund manager for management of the WHC Real Estate Investment Trust (WHC-REIT) has already bought 50 acres and expects to start with 100 houses in the current financial year, according to the company’s chief executive officer Fred Msemwa.

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