It has been reported that Botswana and Namibia have enormous solar potential. The authorized sectors needed to utilize such massive treasure to plan renewable energy programs. Now the South African nations are working with the U.S government, Power Africa, to establish a 5,000 megawatts solar energy plan. In an interview, Tom Alweendo Namibia mines and energy minister said," After the signing...
Construction
International Financial Corporation (IFC) is the financing arm of the private segment of the World Bank. It has partnered with Bank Windhoek in quest of launching the “Edge Software” for Namibia that is "Excellence in Design for Greater Efficiencies." This particular software is meant to certify the green building segment through financial facilitation. For the certification of sustainable...
Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...
The Third edition of Bauma ConExpo Africa will take place between March 13th and 16th 2018. The event will take place in Johannesburg, and more than 600 exhibitors are expected to attend. The area of Johannesburg Expo center is 68,000 square meters, and it will be used for the event. The expo entails trade fair for construction vehicles, building materials, construction, and mining machinery. Both...
In November, the city of Windhoek passed 235 building plans which shows an increase of 46.9% from the ones approved in October. In terms of value, the number of approvals almost doubled from n$88.46 million passed in September to n$172 million although the completions fell from 88 to 67 in September and October respectively. Also, the number of properties approved increased by 197 on top of the 235...
Water and electricity are essential for African development. “Electricity and water attract investors, and African countries should find new modern methods to fund infrastructure … and consider public-private partnerships,” said Alkhoraiby, Sherif Alkhoraiby, founder of Partner of Experts for Development “Out of 1,250 billion people in Africa, 635 million live in areas with no electricity,...
The construction sector in Opuwo has really helped for growth of the town as well as for an amelioration in the local economy of that town. Local Economic Development officer Sean Makono said Opuwo said that the local economy “is booming”. He added that the construction sector is steadily improving. There are also many commercial and residential buildings under construction. “It is predicted...
Finding cheap properties is not easy for people in the country and it is also true for the residents of Mariental. To face the current housing backlog, the Mariental municipality partnered with Dynamo Property Developers to develop a new extension at the town. In the new Mariental extension, 209 residential houses will be constructed for ultra-low, low and middle-income groups. “The selling of...
Despite evoking an improvement in the construction sector, Minister of Finance Calle Schlettwein feels this is likely to only occur in 2018. For the past year-and-a-half, the sector has known the severest economic circumstances since 2009 with a drop by 26 percent of the activity rate last year. According to latest figures, the contraction is even larger than that. “Recessionary pressures are...