Bloomberg Home Afrika Ltd., a Kenyan real estate developer whose stock has dropped 95 percent since 2013, plans to raise 5.5 billion shillings ($54 million) from investors to enable it to complete stalled projects. The only publicly traded property developer in East Africa’s largest economy will ask shareholders at its June 30 annual meeting to approve the sale of ...

  AP A group of Chinese and American investors, who specialize in real estate, hotel and tourism, have bought 80 percent of French soccer club Nice for an undisclosed fee. Club president and former majority owner Jean-Pierre Rivere will retain a 20 percent stake. Rivere said on Friday that the deal will help “secure the future of the club.” Nice ...

  AP Long-term U.S. mortgage rates fell this week after three straight weeks of increases. The drop followed a surprisingly weak employment report that deepened doubts about the economy. Mortgage buyer Freddie Mac said the average 30-year fixed-rate mortgage slipped to 3.60 percent from 3.66 percent last week. That is well below its level a year ago of 4.04 percent. ...