Connect with us

News

Real Estate Firm Acquires Borrowlite Integrated Resources

Published

on

Kwati Nigeria Limited, a leading Nigerian real estate development firm, has announced that it will be expanding its real estate innovative initiatives by acquiring Borrowlite a tech platform that offers short-term credit units and payments of utility bills on electric meters.

Through the acquisition, Borrowlite software will be added to the firm’s suite of digitalised infrastructure through cutting-edge technologies that use energy efficiently.

Managing Director/ CEO, of Karabow Group and Wisdom Kwati Smart City, made this announcement while speaking at the firm’s head office in Abuja. He stated “The new service enables residents to go through a seamless process of paying their electricity bill and to borrow tokens in advance without any hassles.

As part of the deal, “the existing customers on Borrowlite will continue to enjoy the convenience and accessibility of their utility bill payments”. disclosed CEO of Borrowlite Uhembe Nelson.

“We’re thankful for our employees, customers, and integration partners for their continued trust in Borrowlite, and confident that Wisdom Kwati Smart City’s dedication to customer-centred innovation will help fuel business growth and the firm’s sustainability initiatives driving its real estate investment in the property market”. Nelson said in a statement.

Wisdom Kwati, executive leader of Karabow Group and Wisdom Kwati Smart City, added, “The real estate industry is full of visionary tech firms championing multiple strategies that enhance the value of existing infrastructure. As developers, it is our goal to develop modern, smart development projects that would attract investment opportunities”. He stated.

“ Every day, a cutting-edge app or web service is introduced to agents and brokers to help them find and serve customers,” “we won’t relent in our effort to explore innovative ways that deliver value and redefine the living conditions of Nigerians”. Kwati disclosed.

Wisdom Kwati concluded. “Our collaboration and commitment as developers in the real estate sector will continue to move our industry forward which is a terrific catalyst for the benefit of all stakeholders.”

As part of achieving the 2030 agenda enshrined in the 17 Sustainable Development Goals (SDGs)for both the developed and developing economies of the World where SDGs’ standpoint revolves around urban renewal, adoption and development of smart cities.

The government and other stakeholders in the Nigerian built environment must work together towards the fast implementation of policies that will engender urban renewal both at the local and global levels.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Lagos schedules meeting with owners of distressed buildings.

Published

on

The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.

This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.

Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.

He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.

Continue Reading

News

FG threatens contractors over Enugu-Onitsha road delay

Published

on

The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.

This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.

According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.

“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”

He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”

He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.

“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.

The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.

He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.

“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”

He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.

Continue Reading

News

Ekiti state government mediates land dispute between traditional ruler and family in Epe-Ekiti

Published

on

The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.

In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.

Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.

Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.

The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.

Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.

Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.

Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.

Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.

Continue Reading

Trending