* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    MSI Viking and Mahr Host Technology Day – WSPA 7NEWS

    Step Inside the Thrilling World of MSI Viking and Mahr Technology Day!

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Op-Ed: Data Storage and Protection in Today’s Media & Entertainment Industry – Sports Video Group

    How Data Storage and Protection Are Transforming the Media & Entertainment Industry

    The Analyst Verdict: PENN Entertainment In The Eyes Of 7 Experts – Nasdaq

    7 Experts Reveal the Ultimate Verdict on PENN Entertainment

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

    Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    “Co-creation” boosts commercial technology for dual-use defense applications – Breaking Defense

    MSI Viking and Mahr Host Technology Day – WSPA 7NEWS

    Step Inside the Thrilling World of MSI Viking and Mahr Technology Day!

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    6.12pm is the new 8pm – Go Technology – cgastrategy.com

    Russian Scientists Develop Sub-Ångström Technology for Next-Gen Quantum Processors – The Quantum Insider

    Russian Scientists Pioneer Sub-Ångström Technology to Revolutionize Next-Gen Quantum Processors

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Actis shuts down its Nairobi and Cape Town offices but operations continue

June 18, 2023
in News
Actis shuts down its Nairobi and Cape Town offices but operations continue
Share on FacebookShare on Twitter
  • Global private equity firm Actis closes down branches in Nairobi and Cape Town, exploring alternative working solutions.
  • The firm retains 17 physical branches worldwide, including Lagos, Johannesburg, Port Louis, and Cairo.
  • Actis continues operations and projects in Kenya and South Africa through other branch locations, with no disruption expected.

Global private equity firm Actis has closed down two of its African branches located at Kenya’s Nairobi City, and South Africa’s Cape Town, as they are exploring alternative working solutions.

In an official advertisement made on Monday 22nd May 2023, the firm highlighted that it will not be extending its leases for the two branches.

This, therefore, leaves the investment firm with a total of 17 physical branches across the world, with four of them spread across Africa; Nigeria’s Lagos State, South Africa’s Johannesburg, Mauritius’ Port Louis, and Egypt’s Cairo City.

Actis has taken part in various Real Estate projects across the world such as Africa’s infrastructure, residential and retail sectors.

It is therefore worth noting that the firm is not exiting the two aforementioned markets as the individuals working in the respective cities, current activities, projects, and future investment opportunities will run normally, without being affected. Their operations will be run through the Lagos, Cairo, and Johannesburg branches. Below are sample investment projects by Actis in Africa;

Garden City, Kenya

Garden City is a 47-acre mixed-use development located along the Nairobi-Thika Superhighway. The project development commenced in 2011 with Garden City Mall as its flagship project. Currently, it comprises integrated developments mainly done by Shapoorji Pallonji Real Estate in conjunction with Actis, with a major emphasis on residential and commercial developments.

These projects include the Garden City Business Park, Garden City Residences, and Mi Vida Homes which is the latest completion. Ongoing projects include Amaiya and 237 Garden City, which are both residential developments.

The Junction Mall, Kenya

The Junction Mall is located in Nairobi’s Kilimani District, along Ngong Road. It was established in phases between 2002 and 2013; the first phase was completed in 2005 and the second phase in 2013, with BAA Limited as the architect and Actis as its developer. The shopping mall has a gross leasable area amounting to 24,053 SQM.

The Junction Mall.

Ikeja City Mall, Nigeria

Ikeja City Mall is a Grade A shopping center located in Alausa, Lagos State. It was completed in 2011 with Actis as the developer, James Cubbit as the Architect, and Cappa and D’Alberto Plc as the main contractor. The shopping mall has a gross leasable area amounting to 22,000 SQM.

Ikeja City Mall.

Heritage Place, Nigeria

Heritage Place is a grade A commercial office building located at Alfred Rewane Way, Ikoyi, Lagos, Nigeria. It was developed by Actis in 2016, with ECad as the Architect, ITB Nigeria as the Main Contractor, Tillyard Nigeria Limited as the Quantity Surveyor, and Capita as the MEP Engineer. The development spans over 14 floors, with 15,736 SQM of lettable office space.

Heritage Place.

Actis’ decision to review its office footprint is happening at a time when hybrid and remote work strategies have been playing a major role in shaping the commercial office market performance. Various firms have adopted the strategies as a measure to save on costs while enhancing flexibility in working environments, however the downside of this has been a  stagnating or subprime occupancy rate in commercial buildings.

We love your feedback! Let us know what you think about Actis’ move by sending an email to [email protected].

Subscribe to ei Pro to access affordable real estate data such as; sales rates, yields, supply drivers, and information on key real estate market participants who are active in the market.

Author: Linah Amondi

Read More

Tags: Actisnewsshuts
Previous Post

Scaling up real estate in Nigeria: Key takeaways from the Diya, Fatimilehin at 40 conference

Next Post

East Africa property investment summit: Technology in Africa’s real estate market

Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

June 13, 2025
CWS 2025: Sports on 6 goes 1-on-1 with ESPN’s Kyle Peterson ahead of CWS – WOWT

CWS 2025: Sports on 6 goes 1-on-1 with ESPN’s Kyle Peterson ahead of CWS – WOWT

June 13, 2025
Landscape-explicit phylogeography illuminates the ecographic radiation of early archosauromorph reptiles – Nature

Landscape-explicit phylogeography illuminates the ecographic radiation of early archosauromorph reptiles – Nature

June 13, 2025
Students Shine at International Science Fair – NewsForKids.net

Students Shine at International Science Fair – NewsForKids.net

June 13, 2025
Science Under Fire in Washington – The Equation – Union of Concerned Scientists

Science Under Fire in Washington – The Equation – Union of Concerned Scientists

June 13, 2025
If you want to become classier and more cultured as you age, say goodbye to these 7 habits – VegOut

7 Habits to Ditch Now if You Want to Grow Classier and More Cultured with Age

June 13, 2025
Which 10 teams have the best odds to win the 2026 World Cup, one year out? – FOX Sports

Which 10 teams have the best odds to win the 2026 World Cup, one year out? – FOX Sports

June 13, 2025
JPMorgan CEO: ‘Real Chance’ US Economic Numbers Will Dip – PYMNTS.com

JPMorgan CEO: ‘Real Chance’ US Economic Numbers Will Dip – PYMNTS.com

June 13, 2025

First karaoke machine recognized as entertainment tech “milestone” – Kyodo News+ | Japan’s leading news agency.

June 13, 2025
OSU-CHS recognized for health and wellness initiatives – Oklahoma State University

OSU-CHS Honored for Exceptional Health and Wellness Programs

June 13, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (683)
  • Economy (698)
  • Entertainment (21,601)
  • General (15,356)
  • Health (9,739)
  • Lifestyle (702)
  • News (22,149)
  • People (699)
  • Politics (705)
  • Science (15,915)
  • Sports (21,200)
  • Technology (15,685)
  • World (681)

Recent News

Rimac Technology Powers the Bugatti Tourbillon with Cutting-Edge Battery and Powertrain Tech – Rimac Newsroom

Rimac Technology Drives the Bugatti Tourbillon with Revolutionary Battery and Powertrain Innovation

June 13, 2025
CWS 2025: Sports on 6 goes 1-on-1 with ESPN’s Kyle Peterson ahead of CWS – WOWT

CWS 2025: Sports on 6 goes 1-on-1 with ESPN’s Kyle Peterson ahead of CWS – WOWT

June 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version