Fund helps to bring 8 major African projects to fruition

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Finance organisation, the Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF), last year garnered $242-million worth of new loan commitments towards projects in Gabon, Ghana, Guinea, Kenya, Mozambique, Uganda and Côte d’Ivoire.

The EAIF’s loan portfolio grew by 16% last year, while it expects its portfolio value to reach $1-billion by the end of this year.

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Trac’s N4 upgrades progressing well

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Toll route manager Trans African Concessions (Trac) says the upgrade of the N4 highway between Belfast and Machadodorp is progressing well and is 26% complete.

It is expected that the main contractor WBHO Construction will complete the R400-million project in three years’ time.

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Fairvest weathers headwinds to record solid results

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Fairvest Property Holdings recorded solid results for the six months to December 31, with above-market distribution growth of 5.1%, net property income growth of 2.2%, five-year lows in vacancy rates and consistently low arrears. “Fairvest’s focus on a differentiated sector of the market and its persistent drive to get the property basics right have again demonstrated the defensiveness of its portfolio amid market conditions that have proven extremely challenging,” CEO Darren Wilder said on Monday.

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