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Market news

Published stories attached to the Market news category.

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Page 4 of 49

News

South African property groups welcome MTBPS but press for lower interest rates

Property groups have welcomed Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement as a stable fiscal plan, but say lower interest rates are needed to revive the housing market.

News

Kakuzi loses 72-acre Makuyu golf course land as Supreme Court backs adverse possession

Kenya's Supreme Court has dismissed Kakuzi PLC's appeal over about 72 acres in Murang'a County, ending a long dispute with Makuyu Club, which has used the land as a golf course since 1934.

News

Lagos delivered 10,623 housing units across 23 estates since 2019, Sanwo-Olu says

Governor Babajide Sanwo-Olu says Lagos State has delivered 10,623 housing units across 23 estates in its five administrative divisions since 2019, with 4,414 units funded directly from the budget and 6,209 through public-private partnerships.

News

Rwanda enlists Asian wealth manager Raffles to channel capital into real estate

Raffles Family Office has signed an agreement with the Rwanda Development Board to mobilise hundreds of millions of dollars in private investment, with real estate among the target sectors.

Article

Why Lagos C of O processing can run for years, and what it costs property owners

Land-title processing in Lagos can stretch well beyond the official service timeline, and the delays are blocking homeowners and developers from using property as collateral, a policy discussion has warned.

News

Unplanned growth costs Dar es Salaam up to 8.5bn/- a day, TICGL study finds

A new analysis by the Tanzania Investment and Consultant Group puts the daily cost of disorganised urban growth in Dar es Salaam at up to 8.5bn/-, and warns the bill could reach 12bn/- by 2030 if current patterns persist.

News

CBK survey: Kenyan real estate firms weigh cost cuts and industry decline

The Central Bank of Kenya's September 2026 Market Perceptions Survey found that industry decline and cost reduction each accounted for 33 percent of the factors behind real estate respondents' employment expectations for 2026.

Article

South African malls told to sell experiences as physical retail growth stalls

At the South African Council of Shopping Centres congress in Durban, retail strategists argued that centres must offer ticketed experiences and membership perks, with e-commerce now about 10% of local retail sales.

News

Abbey Mortgage Bank wipes out bad loans as it pivots to commercial banking

Abbey Bank, formerly Abbey Mortgage Bank, says its non-performing loan ratio has fallen from about 80% to zero as it moves into regional commercial banking with a digital-first model.