Hello and Thanks for joining us on African Home Building News
Coming up
Interplast Limited reiterates its commitment to deliver top- notch products for Ghana’s real estate sector
North Tongu MP, Okudzeto Ablakwa Successfully Relocates Displaced Persons in Mepe in Safe Housing Project
Ghana Property and Lifestyle Expo 2023 in UK Record Deals and Growing Investor Interest
Interplast Limited reiterates its commitment to deliver top- notch products for Ghana’s real estate sector
Mr. Sivnesh Kumar, Chief Operations Officer of Interplast Limited, has reiterated the company’s commitment to delivering top-tier products for sustainable solutions in the Ghanaian real estate sector.
Speaking after the GREDA Awards, in Accra, he also expressed gratitude for honour and
cautioned against the use of substandard products, emphasising their potential negative impact on construction quality.
Mr Kumar urged industry players to make discerning material choices and discouraged the use of non-standard products.
He expressed the company’s commitment to maintaining high standards and contributing to the industry’s growth.
The company received recognition in the categories of “Best in Plastic Building Materials” and “Best in Glazing Category,” highlighting its significant contributions to the construction industry.
North Tongu MP Successfully Relocates Displaced Persons in Mepe in Safe Housing Project
North Tongu MP, Samuel Okudzeto Ablakwa, has announced the successful relocation of approximately 300 displaced persons in Mepe following flooding from the Akosombo dam spill.
The resettlement, considered a great success, is part of the Safe Alternative Housing Project, with images of the new settlement shared on Ablakwa’s social media. Gratitude was expressed to the Construction Ambassadors of the First Sky Group, chiefs in Mepe, and Ablakwa’s office.
The project aims to save the St. Kizito Senior Technical School, which had been at risk of collapse due to the displacement.
Two more resettlement centres are expected in the constituency early in 2024, with contributions from different companies and individuals..
Let’s turn our attention to Nigeria
Residents of the Renaissance Homes Housing Scheme in Port Harcourt, Rivers State, are demanding compensation from First Trust Mortgage Bank Plc for selling properties with defective titles, resulting in their eviction by the Nigerian Airforce.
The residents, facing homelessness since March 1, accuse the bank of gross negligence for not investigating the title it acquired from Vestor before transferring it to homeowners.
The solicitors to the homeowners, AK & CO, sent a notice demanding reinstatement or a compensation of N4 billion.
The bank, denying prior knowledge of the judgement, plans to reclaim the properties through negotiations and legal actions.
The affected homeowners argue for immediate compensation, citing losses, trauma, and business disruptions caused by the eviction.
In more news
The seventh Ghana Property and Lifestyle Expo 2023 in Chelsea recently concluded with a record number of deals agreed, bringing together aspiring property investors and leading developers.
The event facilitated several seven-figure deals, with the next expo scheduled in Accra, Ghana.
Organisers reported a significant influx of UK property investors seeking better yields in Ghana, where return profiles of eight to 12 per cent are common.
The London Expo, themed ‘Investing in Ghana Safely,’ attracted individuals exploring investment opportunities in desirable locations like Cantonments, East Lagon, and Labone.
The success in London has prompted organisers to host the expo in Ghana, featuring Africa’s top property developers and experts, making it a must-attend event for those interested in building a property portfolio in Africa.
Source : Africa Home Building News – Joycelyn Marigold & Diana Okyerebea