November 2011

Namibian City Accused of Manipulating Land Market

A decision by the City of Windhoek to avail only 234 ervens at the recently held property auction in which the City is said to have made N$141 million in profit, has been criticised as bordering on market manipulation.

Namibia - Housing Is a Human Right

Reading your article today (Tuesday 1 November 2011) 'Windhoek land unaffordable' brought a big lump to my throat.

Reps - Only 37 Percent of Nigerians Own Houses ...seek to Strengthen Mortgage Bank Act

Only 37% of Nigerians are house owners, Hon. Shehu Garba said on the floor of the House today, quoting relevant statistics.

Local Construction Company Shows the Way

IT has become possible for villagers living close to the North Mara Gold Mine to utilize the presence of African Barrick Gold Mine (ABG) that operates the mine to boost their income, by establishing a company that offers various services to the Canadian giant gold mining company.

Stop Giving Contracts to Unquoted Firms -Yuguda

Bauchi State governor Alhaji Isa Yuguda has called on both the federal and state governments to stop awarding contracts to large firms who are capable being listed on the Nigerian Stock Exchange (NSE) but refused to do so.

Abuja Will Soon Become Africa's Best Capital City -Minister

FCT Minister Senator Bala Abdulkadir Mohammed has stated the Federal Government's commitment to making Abuja the best capital city on the African continent.

Jonathan Commissions Katsina Federal High Court Complex

PRESIDENT Goodluck Jonathan yesterday commissioned the Katsina State Federal High Court complex with a call on legal practitioners to desist from any act capable of tarnishing the image of the profession. Represented by the Secretary to the Government of the Federation, Senator Pius Anyim Pius, Jonathan said the commissioning was the third of its kind within the past two weeks. President Jonathan said the construction of court complexes across the country is to bring justice closer to the people.

Aregbesola Revokes Contract Awarded By Oyinlola

The Osun State government has revoked the rural electrification project contract awarded to the former chairman, Atakunmosa-West Local Government Area of Osun State, Chief Supo Fadare by the Olagunsoye Oyinlola administration. The electrification extension projects across the 30 local government councils in the state were awarded to six companies owned by Fadare and one Kayode Igbalaye in October 2010 at the cost of over N1.5billion out of which, N1.3billion was paid to them.

NWSC Strikes Deal With Two Construction Companies

National Water and Sewerage Corporation (NWSC) on Thursday signed a contract worth sh200 billion with two construction companies to construct a modern sewerage treatment facility.

Entebbe Tenants Face Eviction

At least 133 families in Manyago Housing Estates in Entebbe could be evicted after the municipal council allegedly entered negotiations with the UN to set up a village at the quarters that are condemned.

Court Halts Evictions At Sinai Slum

THE high court has stopped the eviction of Sinai slum dwellers in Makadara constituency. Justice David Majanja granted the interim orders and directed the parties to appear before him tomorrow for an inter-parties hearing.

Contracts - FG Loses N50 Billion to Poor Designs

Federal Government yesterday announced that poor design of some contracts approved by previous administrations is now going to cost it well about N50 billion in augmentation.

34 Firms Bid for N9 Billion Contract in Niger State

Niger state government has opened public bidding for its N9billion bond project with 34 construction companies and nine consulting firms participating.

FG Loses N49.03 Billion to Poor Project Design in FCT, River Niger Dredging

Nigeria is once again losing N9,027,193,375.10 to poor design of projects in the provision of infrastructure in two satellite towns of Kubwa and Karshi in the Federal Capital Territory (FCT) and the dredging of the lower River Niger.

Low Rental Income Dims Prospects in Residential Property

Rental income from homes has come under new pressure in the quarter to September even as selling prices continued to rise, further depressing returns for investors who have bought residential property to let.

Rent Incomes Drop but Building Costs Rise

Rental incomes for housing developers dropped by two per cent between July and September even as construction costs continued to rise, further depressing returns for investors in residential property.

New Law to Block Men From Mortgaging Family Homes

Married couples will find it harder to secure credit if Parliament passes a new law that requires borrowers to file a written consent from their spouses before charging matrimonial homes as collateral for loans.

One-Stop Border Post Works Disappoint North Minister

NORTHERN Province Minister Freedom Sikazwe has expressed disappointment at the pace at which construction of a one-stop border post under the public-private partnership is moving and has called for involvement of all interest groups to ensure work progresses.

Centre Plans Dialogue On Kanawa Multi-Billion Naira Market

The Centre for Research and Documentations (CRD) has concluded arrangements to organize a dialogue between the business community and stakeholders in the state on the multi-billion naira Kanawa market project.

FG Approves N20 Billion for Apapa Port

The Federal Executive Council yesterday approved contract for the re-development of the port facilities at Bullnose, Lagos Port Complex, Apapa in sum of $124,400,000 (about N20 billion).

Karmo Residents Appeal for More Schools

Residents of Karmo Tuesday appealed to the FCT Administration to construct more schools in the area.

North West Human Settlements Delivers On Housing

Over R1, 2 billion was spent by the North West Department of Human Settlements towards delivery of 16816 housing units and unblocking of 13 housing development projects.

Massive Mall for Swakopmund

A massive development to be known as Bahnhof Square and Lifestyle Centre is planned for Swakopmund.

Kigali-Gatuna Highway to Cost Rwf32 Billion

Gatuna highway are expected to start in May next year at a cost Rwf 32 billionn.

Trucks Still in City Despite Ban

Trucks and buses have maintained their presence on city streets despite a notice from Kampala Capital City Authority (KCCA) outlawing their operations during day.

New Developments Stir Hope

I was chatting with a neighbour who works in one of Nairobi's upmarket neighbourhoods about the housing situation in the city when she surprised me by asking me: "Mortgage?

GMSA to Build R200 Million Sub-Saharan HQ

General Motors South Africa has announced that it will be investing over R200-million in the construction of a new office block at its greenfields site at Struandale, Port Elizabeth.

Squatter Problem Leaders Must Solve

Land and squatters are the most contentious issues in Trans Nzoia.

Mau Displaced to Be Settled in November

RESETTLEMENT of people evicted from the Mau forest complex will begin this month, a member of the committee spearheading the plan has said. Energy assistant minister Magerer Lang'at said yesterday the committee had identified 6,000 acres in Nakuru county where they will be resettled.

Sonko Asks Court to Block Makadara Slum Evictions

MAKADARA MP Gidion Mbuvi Sonko has moved to court seeking to block the government from evicting slum dwellers in his constituency. Under a certificate of urgency, Sonko claims the evictions are unreasonable, undemocratic and unjustified.