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Market news

Published stories attached to the Market news category.

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News

BIPC more than triples asset valuation to N25bn as it shifts from property sales to production

Benue Investment and Property Company says its stock valuation has risen from N7.95bn to N25.15bn in three years, helped by a Knight Frank valuation, geo-fencing and GIS mapping of its property portfolio.

Article

Tanzania's housing shortfall and local-materials push in focus at Makazi 2050 forum

A Dar es Salaam forum examined Tanzania's estimated 3.8 million-unit housing shortage, with officials and financiers calling for locally manufactured building materials, infrastructure-led planning and predictable taxation.

News

Kenyan developers press for faster approvals and long-term property finance

The Kenya Property Developers Association says fragmented regulation, unpredictable policy, high development costs and weak infrastructure are undermining project viability, and is pushing reforms on approvals, taxation and land administration.

News

Rights commission moves to block transfer of 49 Cape Town municipal properties sold at auction

The South African Human Rights Commission has asked the Western Cape High Court to interdict the transfer of 49 City of Cape Town properties sold at a public auction in February, pending a review of whether the disposals breached housing and public participation duties.

News

Court jails FCDA planning officer 25 years for defrauding Abuja land buyer

An FCT High Court in Abuja has sentenced Kinsley Eselebor, a Federal Capital Development Authority staff member, to 25 years in prison for obtaining money under false pretences and using forged documents to sell two Kubwa plots he had no title to.

News

Property Exit launches in Egypt to structure resale and exit options for property investors

Egyptian platform Property Exit has launched to give buyers, investors and owners a structured way to value real estate assets and plan exits, backed by real estate technology firm Gateway Financials.

News

Egypt's Awaed Property Fund Raises EGP 1.77bn in Second Issuance for New Cairo Assets

Awaed Real Estate Investment Fund has closed a second issuance worth EGP 1.77 billion (USD 31.6 million), with the proceeds earmarked for income-generating assets in Madinaty and Al Rehab.

News

KUSCCO puts land, houses and commercial blocks in 12 counties up for auction

Kenya's liquidated co-operative union has listed vacant plots, maisonettes, rental blocks and unfinished buildings for public auction in November 2026, with sales in Nairobi, Kisumu and Mombasa.

News

Rising compliance costs are pushing some South African property practitioners out, regulator says

The Property Practitioners Regulatory Authority says exam and audit fees are becoming unaffordable for some agents and agencies, as it granted 49 exemptions in 2025/26 and resolved 1,411 of 1,756 complaints.