Largest mall in Lagos set for commissioning
Novare Lekki Mall which is a US$ 92m shopping centre and expected to be the largest mall in Lagos is set to be commissioned, Novare Group the real estate firm behind the mall has announced.
Chairman of Novare group, Professor Fabian Ajogwu SAN confirmed the reports and said the Novare Lekki Mall was initiated by foreign direct investment FDI and funded by a mixture of equity and debt financing.
Kenya’s Two Rivers Mall to be opened next month
Two Rivers Mall in Kenya is projected to be opened next month after additional time was used to expand it following the immense demand it received from other retailers.
The mega mall being developed by Centum was initially supposed to occupy 1.2m square feet of land but has currently been increased to 1.7m space of land.
China Wu Yi to construct housing materials plant in Kenya
A housing materials plant worth US$ 98.7m is set to be constructed in Kenya by a Chinese firm- China Wu Yi and will be completed in June next year.
The new plant will be developed in Athi River and will manufacture precast materials that are expected to be sold to other construction firms in the region.
US firm Marriott International opens new hotel in Rwanda
Marriott International, Inc. which is an American multinational company has opened a new hotel in Rwanda-this is their first property in the East African country.
The new hotel in Rwanda dubbed Kigali Marriott Hotel is the newest property under their signature name and it is located in the CBD of Kigali. Its design is a unique one as it is stirred by the lush hillsides, flowering trees, winding boulevards and busy streets of one of the cleanest and friendliest cities in Africa.
