The Housing Development Fund (FFH) is looking for funds to materialize housing projects across the country. To make the initiative viable, over the next 18 months, the institution needs one billion meticais, according to Armindo Munguambe, Chairman of the Board of Directors (PCA) of the FFH, a government institution. Speaking to "Notícias",...
Standard Bank has succeeded in creating a multi-million dollar sustainability-linked debt refinancing facility the Grit Real Estate Income Group. The sustainability-linked term loan and revolving credit facility, worth up to $306 million, is considered the largest of its kind to date for the sector...
Botswana President Mokgweetsi Masisi on Wednesday ordered the start of operations at a hard coal mine expected to produce about 1.4 million tons per year. "Botswana must take advantage of this opportune moment that has presented itself to us, to fully exploit this resource to feed emerging and diversified markets," Masisi said. From.
The Government and the potential Strategic Investors pre-qualified for the selection of the partner that will develop the Mphanda Nkuwa Hydropower project and associated infrastructures of energy transport will today hold a conference in Maputo. According to Radio Mozambique, which cites a document, it indicates that the session aims at presenting clarifications...
The inauguration of two buildings of the ministries of Justice, Constitutional and Religious Affairs, and Mineral Resources and Energy is part of the reform of the public administration system, to increase the efficiency, effectiveness, quality and dignity of the services provided to the public. This consideration was presented by the President of the Republic, Filipe Nyusi, in his speech...
China's major construction companies are failing to generate enough cash to meet their obligations, according to an analysis of their results, suggesting a worsening liquidity crisis in the country's property sector. Net profits of construction companies fell by an average of 188% in the first six months of 2022, year-on-year, from...
The real estate consulting firm Cushman & Wakefield estimates that investment in the sector in Portugal this year could reach 2.7 billion euros, compared to 2.1 billion euros in 2021, with the help of hotel and logistics. Speaking to Lusa, Eric van Leuven, general manager of Cushman & Wakefield in Portugal, highlighted "in...
China announced this Wednesday the opening of investigations on several top executives of state-owned real estate companies, for "serious violations of discipline and law", a euphemism used in the country for acts of corruption. This is yet another blow to a key sector of the Chinese economy that is already facing a slowdown in sales, a...
The Ministry of Combatants (MICO) has available 28 million American dollars, destined to the construction of 300 houses for the liberators of the country. This was announced on Saturday (20) in Guro, by Minister Josefina Mpelo, during her visit to Manica province, which ended on Sunday. Josefina ...
China's banks could face mortgage losses of up to $350 billion in a worst-case scenario. The 'Bloomberg' quoted by the portal Executive Digest, reports a crisis of several suspended projects that has damaged the confidence of hundreds of thousands of home buyers in the country, which has caused a...