Economy
6th API Summit to Drive Deal Making in Kenya’s Real Estate Sector
In 2019, the 6th annual East Africa Property Investment (EAPI) Summit will facilitate a new of era of investment and development driven by market affordability, said its host, Kfir Rusin.
Hosted at the Radisson Blu Hotel on April 10 & 11, 2019, the EAPI Summit will provide a transaction focused and knowledge sharing environment for 500 senior delegates from more than 20 countries as they unpack the theme: Driving Affordability and Opportunity through the Property Value Chain.
According to Rusin, the 2019 theme is an extension of the current market cycle, macroeconomic environment and 12 months of learning and deliberations around creating transaction opportunities in Affordable Housing and the broader real estate sector.
“The reality is that the cost of real estate transactions remains too high in East Africa and this is inhibiting the growth of the sector. To restore real estate as a significant driver of sustainable growth, we have to reduce the input costs of building and deepen the available sources of funding; especially as we build the foundation for more affordable housing in Kenya and East Africa.”
Taking its lead from President Kenyatta’s affordable housing agenda; EAPI’s scope is significant and sector wide. However, Rusin points to the fact that the increasing participation of leading public and private sector institutions and bodies at #EAPI2019 is evidence that confidence is returning to the market following two years of subdued performance.
In recognition of improving market sentiment, EAPI 2019 will focus on achieving six key objectives which relate to the summit’s affordability and investment agenda and thematic focus areas. These include: design and construction; land and urban planning; finance and capital; regulatory framework and infrastructure.
As Rusin explains, “As an outcome based investment and transaction focussed conference; EAPI’S objectives are aligned to our theme and focus areas, and next year our primary objectives are to reduce the cost of construction; lower the cost of capital; unlock land for real estate development; create an enabling framework and environment for large scale property development and building the investment case for alternative asset classes and affordable housing.”
While affordable housing, and more importantly the funding and financing of these projects has generated a lot of interest and workshops in the Kenyan real estate and business market; the reality for Rusin is that EAPI’s international and regional investors and developers are results orientated and want opportunities to make deals and meet the decision makers.
“EAPI is a networking and business transaction platform, which attracts stakeholders from deep pools of capital and policy, who can interact with public sector policymakers and regulatory bodies. East Africa and Kenya has high growth potential and offers an attractive environment to do business, and we will see many new transactions announced, networking and deal making taking place next year across all sectors.”
The emphasis on bringing the public and private sector together; is a key focus for EAPI and is one of the key differentials of the summit, as Rusin explains. “The private sector is key to growth, but at this juncture, it’s critical that the public sector, industry bodies and the development finance institutions come together and drive transactions in the market and make the sector more attractive to local and international money.”
“From this perspective, we have partnered with the Kenya Property Developers Association (KPDA), Kenya Private Sector Alliance (KEPSA), Africa Union for Housing Finance (AUHF) Kenya Green Building Society (KGBS), Town and County Planners Associations of Kenya (TCPAK) and the Architectural Association of Kenya (AAK) as well as confirming participation from the International Finance Corporation (IFC). We have a number of new private and public sector companies and bodies who have indicated their sponsorship and attendance, which will be announced in 2019.”
And while real estate market has been relatively quiet in Africa over the 12-18 months, as a result of macroeconomic pressures, oversupply and lack of effective product tailoring, Rusin argues that this cooling down period has allowed for market recalibration and more attractive pricing. “In our global environment, capital is agnostic, and while Africa and Kenya’s property sector have been recalibrating, several investors, private and institutional are of the view that certain markets and asset classes provide attractive and stable yields. Next year is shaping up to be a defining year for Kenya’s real estate market, and we believe that EAPI will provide the transaction fulcrum for investors and developers across the real estate ecosystem,” said Rusin.
By Aduragbemi Omiyale
Barring any last-minute changes, the 50th Annual General Meeting (AGM) of Champion Breweries Plc will take place on Thursday, May 21, 2026, at the Oriental Hotel, Victoria Island, Lagos, at 11:00 am.
At the yearly shareholders’ gathering, some of the key statutory and governance matters to be considered will include the Audited Financial Statements for the year ended December 31, 2025, alongside the Reports of the Directors, Auditors, and the Audit Committee.
Other agenda items are the declaration of dividends, election and re-election of Directors, authorisation for Directors to determine the remuneration of the Auditors, and election/re-election of shareholders’ representatives to the Audit Committee.
In line with its commitment to transparency, accountability, and shareholder engagement, the AGM will be held physically while also being accessible to stakeholders via the company’s official website: www.championbreweries.com.
This year’s AGM comes at a defining moment in the organisation’s corporate journey, following a transformative year marked by strategic expansion initiatives, including the acquisition of Bullet Energy Drink and its successful engagement with the capital market to raise growth capital.
These developments reinforce Champion Breweries Plc’s commitment to strengthening its competitive positioning, expanding its portfolio, and delivering long-term shareholder value.
The brewer has strengthened its transition into a group structure with the acquisition of an 80 per cent stake in enJOYbev B.V., a strategic move already delivering early earnings contribution and validating its international expansion drive.
The subsidiary’s results are now being consolidated into the Group accounts for the first time, with enJOYbev B.V. already contributing positively to earnings through operating profitability within the reporting period, an early validation of the group’s expansion strategy.
“This AGM reflects a defining chapter in our journey as a Company. The acquisition of Bullet, our successful capital market engagement, and the integration of enJOYbev B.V. into our group structure all signal a deliberate strategy for sustainable growth and diversification.
“These milestones position Champion Breweries Plc for stronger performance, broader market reach, and enhanced shareholder value. We remain committed to disciplined execution, operational excellence, and the highest standards of corporate governance,” the chairman of Champion Breweries, Mr Imo Abasi Jacob, said.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has unveiled a unified Taxpayer Identification (Tax ID) system for all taxable persons across the country as part of efforts to strengthen tax administration and improve transparency.
The agency announced the development in a public notice issued jointly with the Joint Revenue Board (JRB) on Monday.
According to the notice, the initiative is backed by Sections 6, 7, and 8 of the Nigeria Tax Administration Act, 2025, which mandate every taxable person in Nigeria to obtain a Tax ID, in a wider move to expand the country’s tax base.
The NRS said the new framework is designed to create a centralised and harmonised taxpayer database that would enhance interactions between taxpayers and revenue authorities at both federal and sub-national levels.
“The Tax ID will serve as a single, unified identity for all taxpayers, enabling seamless interaction with tax authorities at both federal and sub-national levels. It is designed to consolidate taxpayer records, eliminate duplication, and ensure more efficient management of tax-related information,” the agency stated.
The revenue agency explained that the new system would simplify tax compliance procedures, including taxpayer registration, filing of returns, and payment processes.
According to the NRS, the framework is also expected to improve accountability and reduce leakages in tax collection by creating better visibility and tracking of taxpayer information nationwide.
“The initiative will simplify tax compliance processes, including registration, tax filing, and payment procedures. The system will improve transparency by enabling better visibility and tracking of taxpayer records while reducing leakages and improving accountability in tax collection. The framework will also harmonise taxpayer information across all levels of government,” the notice added.
The agency further disclosed that the new Tax ID system would replace the existing Tax Identification Number (TIN) Validation API currently used by Ministries, Departments and Agencies (MDAs), financial institutions, and other organisations for taxpayer verification.
By Adedapo Adesanya
Three bellwether stocks weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.31 per cent on Monday, May 18.
This brought the NASD Unlisted Security Index (NSI) by 54.71 points to 4,133.70 points from 4,188.41 points, and shrank the market capitalisation by N32.73 billion to N2.473 trillion from N2.506 trillion.
Yesterday, FrieslandCampina Wamco Plc contracted by N12.45 to sell at N146.55 per share compared with last Friday’s closing price of N159.00 per share, Central Securities and Clearing System (CSCS) Plc declined by N2.34 to N70.00 per unit from N72.34 per unit, and NASD Plc lost 50 Kobo to trade at N34.50 per share versus N35.00 per share.
The trio overpowered the N5.56 gained Newrest Asl Plc. This stock ended the trading session at N61.15 per unit, in contrast to the previous session’s N55.59 per unit.
During the trading day, the volume of securities traded by investors slid by 56.1 per cent to 514,142 units from 1.2 million units, and the value of securities dropped 29.8 per cent to close at N17.4 million versus N29.8 million, while the number of deals jumped 12.5 per cent to 27 deals from 24 deals.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 60.8 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.
GNI Plc also ended the day as the most traded stock by volume on a year-to-date basis with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn