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Is Africa s real-estate prospects in line with the growing population?

The middle class is expected to grow from 355 million to 1.1 billion in 2050 according to the African Development Bank. If the continent has these two key elements: economic growth and population growth, the boom in real estate will indeed be there, and yet. Africanews spoke with Ms. Bronwyn Knight, CEO, Grit Real Estate Income Group which is the largest pan-African-focused real estate group listed on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius. Grit Real Estate Income Group has been listed among the top real estate in Africa, giving it a spotlight in diversifying its market, especially in Africa.

Banks, British American Tobacco PLC and miners among the big hitters in the coming week, UK inflation and retail data eyed

Banks, British American Tobacco PLC and miners among the big hitters in the coming week, UK inflation and retail data eyed
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Investegate |Grit Real Estate Inc Announcements | Grit Real Estate Inc: Result of Placing

NOTES: Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting net total shareholder return inclusive of NAV growth of 12.0% p.a. The Company currently holds a primary listing on the Main Market of the London Stock Exchange (LSE: GR1T), while its listing on the Official Market of the Stock Exchange of Mauritius Ltd is termed as a secondary listing (SEM: DEL.N0000).

Proposed placing to raise approx $10 million, 15 Dec 2020 01:01

15 December 2020   THIS ANNOUNCEMENT, INCLUDING THE APPENDIX (TOGETHER, THE ANNOUNCEMENT ) AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED, AND IS NOT FOR PUBLICATION, TRANSMISSION, RELEASE, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION OR STATE IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS BEEN ISSUED BY AND IS THE SOLE RESPONSIBILITY OF THE COMPANY. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR SUBSCRIPTION IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER OF OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES.

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