New Tanzania Real Estate Investment Trust Launched
The Capital Markets and Securities Authority (CMSA) of Tanzania has recently approved the Watumishi Housing Company Real Estate Investment Trust (WHC-REIT), with an initial founding of TZS 68 billion.
Deloitte bags multi-billion shillings Nyali Bridge consultancy contract
NAIROBI: Professional services firm, Deloitte has bagged the lucrative tender to serve as lead transaction advisors for the Government in the construction of the proposed second Nyali Bridge, which is expected to link Mombasa Island to the North Coast.
Over 70pc of Kenyans finance homes from personal savings
Kenya: Over per cent of Kenyans finance construction and acquisition of their homes through personal savings, a newly released housing price report indicates.
AfDB lends $145m to construct regional power line
NAIROBI — The African Development Bank (AfDB) has approved a $145m loan to fund the building of an electricity line between Kenya and Tanzania to improve regional power connections, it said.
