World
Why Nigerians Are Betting on Greece’s Golden Visa
For decades, Greece has charmed travellers with its ancient history, postcard islands, and Mediterranean lifestyle. But today, beyond Santorini sunsets and Mykonos beaches, the country is carving out a new reputation as one of Europe’s hottest real estate and residency destinations.
With its stable EU membership, strategic location at the crossroads of Europe, Asia, and Africa, and a real estate market gaining international attention, Greece is attracting a growing wave of investors, including many from Nigeria who see real estate as a gateway to Europe, lifestyle benefits, and financial returns.
Greece: A Market on the Rise
After a decade of reforms and recovery, Greece’s economy has regained momentum. The Organisation for Economic Co-operation and Development (OECD) projects growth above 2% in 2025 with similar momentum in 2026, supported by EU recovery funds and steady investment inflows.
According to the Bank of Greece, for 2024 as a whole, prices increased on average by 8.2% in Athens, with projections indicating continued upward trends. The Bank of Greece also reported that foreign investment in Greek real estate reached €2.75 billion in 2024, nearly 29% higher than the previous year.
The Golden Visa Advantage
Central to this surge is the Greek Golden Visa, launched in 2013, and still one of Europe’s most competitive residency-by-investment programs. With a minimum threshold of €250,000 when investing in real estate, the lowest in Europe, investors secure not only property but also residency rights, granting visa-free access across 29 countries in the Schengen Area.
The programme extends beyond the investor to include spouses, children, and even parents, making it a three-generation pathway. With no mandate to live in Greece, investors still benefit from access to healthcare, schools, and the right to rent out the property for income. After seven years, investors stand a chance to apply for citizenship.
According to a recent report by the Bank of Greece, foreign direct investment (FDI) rose nearly 42% in the first half of 2025, compared to the same period in 2024, as stated in ekathimerini.com, with Golden Visa applicants playing a major role in driving demand.
Experts have advised that while Greece’s market remains attractive, selectiveness is now key as more buyers are eyeing properties offering long-term value rather than quick flips.
Increasing Appetite of Nigerians
With a domestic economic climate marked by currency fluctuations, limited overseas mobility, and concerns over local asset risk, many Nigerian high-net-worth individuals now look towards Greece as a location for diversification of wealth and lush lifestyle. Real estate consultants and analysts report increasing inquiries about Golden Visa properties, with Greece frequently mentioned alongside Portugal and Spain. Tax policies such as zero or reduced VAT on new builds, favourable capital gains conditions, and relatively low property taxes enhance the attractiveness for foreign buyers.
Against this backdrop, global developers and advisory firms are helping African investors enter the Greek market more confidently. Chief among them is MIBS Group, a leading Greek real estate developer with over 40 years of experience in delivering contemporary properties in prime locations of Athens, the capital of Greece, and a sales network in more than 35 countries, providing investors with end-to-end support. Its recent arrival in the Nigerian market boosts the prospect of cultural familiarity, making the process less complicated for investors seeking value in the citizenship-by-investment market.
Sector insiders disclosed that what stands MIBS Group in a crowded field is that it does not operate like a passport dealer but like a trusted curator.
“While many firms chase volume, MIBS Group leans on credibility, compliance, and a broader vision of citizenship as a lasting asset. Its model is built on regulatory rigour and attention to detail, important elements in a sector blemished by shortcut artists,” explained a sector operator.
Another player in the sector hinted that MIBS Group reshapes citizenship as something beyond visa-free movement into a pathway to wealth diversification, education, and legacy planning.
“They appear very close to their clients in a way that ensures a smooth and worry-free experience. They offer end-to-end services, from land acquisition, sales, and immigration guidance to after-sales support and property management. That way, they turn what could be a gamble into a structured plan,” he stated.
The Bigger Picture
Greece today offers more than luscious views. Additionally, it offers a combination of regulatory incentives, growing property value, and the promise of European residence. For investors looking outward, Greece serves as a safe haven for capital as well as a gateway into Europe.
World
Dangote to Invest $1bn in Cement, Power Plants, Fuel Pipeline in Zimbabwe
By Adedapo Adesanya
Nigerian businessman, Mr Aliko Dangote, has finalised plans to invest as much as $1 billion in Zimbabwe. This would be used to build cement and power plants as well as a fuel pipeline in the country.
The industrialist disclosed this during a meeting with the President of Zimbabwe, Mr Emmerson Mnangagwa, in Harare on Wednesday.
Mr Dangote had previously expressed interest in investing in Zimbabwe in 2015 but the deals stalled.
The Nigerian, who operates cement companies in 10 countries, planned to build a $400 million cement plant with processing capacity of 1.5 million tons a year. The deal, along with others proposed at the time, failed to materialize after talks with then-President Robert Mugabe.
Now, with the green light from the late president’s predecessor, Mr Dangote is adding Zimbabwe to his list of investment destinations, which span several countries across the continent from Ethiopia to Zambia.
Speaking to reporters on Wednesday, Mr Dangote lauded the Zimbabwe leader for turning “the economy around,” adding, “That really gave us the confidence that this is the right time for us to come and invest.”
Mr Dangote has diversified interests in cement, sugar, fertiliser, oil and gas, and other sectors. He has a net worth of $29.8 billion, according to the latest Bloomberg Billionaires Index.
According to reports, details around mining concessions, tax incentives, and investment guarantees, we’re discussed between the tycoon and the Zimbabwean leader.
The deal, which has been in the works for several months, picked up pace during the Afreximbank annual meetings held in Abuja in June.
In June, both sides managed to resolve key sticking points and outline the next steps toward implementation.
Harare-based Bard Santner Markets Incorporated facilitated the negotiations, led by CEO Senziwani Sikhosana and investment facilitator Josephine Mahachi.
On the government side, presidential investment adviser, Mr Paul Tungwarara was credited with steering the process, ensuring that all policy and regulatory approvals stay on track.
Dangote Cement Plc is Africa’s largest cement producer and has production capacity of over 50 million tonnes annually across multiple countries.
World
Medar Boquete Becomes First Congolese to Receive Pushkin Medal
By Kestér Kenn Klomegâh
November 2025, will go down in history as a significant date for the Democratic Republic of the Congo and the Free University of Kinshasa (ULK). During the official ceremony presenting state awards and prizes of the President of the Russian Federation in the Kremlin, Medar Bompoko Boquete, Chairman of the Executive Board of the Free University of Kinshasa (ULK), was awarded the Pushkin Medal, becoming the first Congolese to receive this prestigious award.
The Pushkin Medal, established in the Russian Federation, is one of the most renowned awards in the fields of culture, education, and the humanities. It is awarded to individuals who have made significant contributions to the development of cultural and educational ties with Russia, as well as to strengthening friendship and international cooperation. This award highlights the importance of academic, linguistic, and cultural exchanges in strengthening ties between Russia and African countries.
Medar Bompoko Boquete was recognized for his contribution to the promotion of the Russian language and culture at ULK, as well as for his active work in strengthening educational and cultural ties between the DR Congo and Russia. For several years, he has promoted student and faculty exchanges, scientific cooperation, and knowledge sharing between the countries, contributing to the international recognition of the DR Congo.
The ceremony, held as part of the National Unity Day celebrations, brought together distinguished Russian and international representatives. The awarding of the Pushkin Medal to an African scholar, and in particular the first Congolese, is a powerful symbol of intercultural dialogue and mutual respect between countries. It also demonstrates the key role of education and culture in strengthening diplomatic and social ties on the international stage.
Award Details:
Awardee: Medar Bompoko Boquete
Position: Chairman of the Executive Board, Free University of Kinshasa (ULK)
Award: Pushkin Medal
Reason for the Award: Contribution to strengthening cultural and educational unity and developing cultural ties between the DR Congo and Russia
Award Location: The Kremlin, Moscow, Russia
This official recognition from Russia is not only a personal honor for Medar Bompoko Boquete but also an important symbol for the DR Congo, demonstrating the country’s achievements in education, culture, and scientific cooperation. The award opens new opportunities for academic and cultural interaction between Congolese and Russian institutions and inspires future generations to develop similar initiatives.
The awarding of the Pushkin Medal to Medar Bompoko Boquete was a historic event in relations between the DR Congo and Russia and symbolizes the long-term strengthening of cultural and educational ties between the two countries.
World
Amnesty International Calls for Internet Restoration as Crisis Grips Tanzania
By Adedapo Adesanya
Human rights group, Amnesty International, has called for restoration of internet services following shutdown by Tanzanian authorities following the country’s general elections on October 29.
Authorities imposed nationwide internet restrictions on election day disrupting mobile data services and blocking access to social media platforms across major networks.
The October 29 vote handed President Samia Suluhu Hassan a second term with over 97 per cent of the votes.
She was sworn in after the disputed polls on Monday. Protests have since rocked the East African country.
On Monday November 3, Tanzanians reported partial resumption in some cities, but this has impacted the country’s economy, disrupting bank operations and communication.
In a statement, Amnesty International’s Deputy Director for East and Southern Africa, Mr Vongai Chikwanda, called for the return of full internet services in the country.
“For close to a week now, many people in Tanzania have suffered nationwide internet and electricity shutdowns. Amnesty International is particularly alarmed by reports that amidst the blackouts, security forces have used excessive force to suppress and disperse ongoing post-election protests, resulting in the deaths and injuries of protesters.
“This is the third time in less than a year that Tanzanian authorities have resorted to an internet blockade to silence dissenting voices. Authorities must immediately refrain from suppressing protests and instead respect, protect, and facilitate the right to peaceful assembly. They must immediately and unconditionally release all those arrested solely for exercising their right to peaceful assembly.”
So far, over 700 people have been reportedly killed by post-election violence in the East African nation.
The group said Tanzanian authorities should “promptly, thoroughly, independently, impartially, transparently and effectively investigate all killings by security agents and bring to justice in fair trials those suspected of being responsible.”
“Authorities must also provide victims and their families with access to justice and effective remedies,” it added.
“The authorities must also allow both local and international media to freely report on the human rights situation in the country and refrain from restricting access to information, both online and offline including by immediately restoring internet access and access to basic public services. The ongoing restrictions are making it difficult to verify information, and to document election-related human rights violations.”
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