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Development

Published stories attached to the Development category.

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Page 15 of 29

News

Al Naser Developments signs Radisson hotel management deal for New Capital project

Al Naser Developments has signed an agreement with Radisson Hotel Group to manage the hotel component of its latest project in Egypt's New Administrative Capital, marking Radisson's first presence there.

News

Cybastion plans $75m AI data center and power plant in Cameroon

American technology company Cybastion is planning a $75 million investment in an AI-powered data center and power plant in Cameroon, announced during the inaugural US-Cameroon economic dialogue.

News

Springpet Homes rebrands as Springpet Development

Springpet Homes Limited has changed its corporate identity to Springpet Development Limited, reflecting an expansion from residential housing into broader real estate and infrastructure development.

News

R2.1bn investment drives Durban's Cornubia development, with 2,000 jobs expected

Construction is nearing completion on the first phase of the R2.1 billion Cornubia development in northern Durban, which includes a Leroy Merlin retail project and future commercial facilities.

News

FG delivers 129 FMBN-funded housing units, pledges 122 more by year-end

The federal government has handed over 129 housing units to beneficiaries of the FMBN Rent-to-Own programme in Nasarawa State and promised to deliver the remaining 122 units before the end of 2026.

News

Efficacy Development signs N50 billion commercial paper deal to accelerate housing delivery

Nigerian real estate developer Efficacy Development PLC has signed a N50 billion commercial paper agreement with Pathway Advisors Limited to complete ongoing projects and expand its housing portfolio.

Article

Kenya's affordable housing programme: 274,000 homes under construction, but completions lag 250,000-unit target

Kenya's affordable housing programme has more than 274,000 homes under construction, yet completed units in 2025 stood at just over 7,000, far below President Ruto's original target of 250,000 homes a year.

News

Egyptian-Saudi Partnership Launches Prax Developments with First New Obour Project

A new Egyptian-Saudi real estate venture, Prax Developments, has announced its entry into the Egyptian market with a first residential or mixed-use project planned for New Obour.

News

SODIC Secures EGP 7.5bn CIB Facility to Finance North Coast June Project

Egyptian property developer SODIC has signed a EGP 7.5 billion facility with Commercial International Bank to finance the development and construction of its June project on the North Coast.