News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Kenya's Senate has launched an inquiry into the affordable housing programme, demanding a project-by-project audit of costs, expenditure and unit allocations across all 47 counties.
Sujimoto Group has announced a 49-storey luxury hotel in Lagos that would sell individual suites to investors from $150,000, as it positions the project as Nigeria's tallest hotel.
Uganda's Lands Ministry has proposed new guidelines requiring gazette notices, inspections and an objection window before special certificates of title are issued, in a bid to curb land fraud.
Civil engineering work has started on an approved Milnerton development of 377 flats, nine group houses and 16 single-residential erven on land residents say was earmarked for schools.
Leaders of Kishushe Ranching Cooperative Society want the Lands Ministry to restart adjudication of an 18,000-acre parcel in Kishushe B, alleging irregularities, weak consultation and unequal allocation of community land.
Shareholders of Infinity Trust Mortgage Bank have approved a N50bn capital raise that can be executed through a rights issue, private placement or public offer, as the mortgage lender positions itself for expected sector capital rules.
Hotel101 Global has signed binding agreements with IGI Holding for a country-wide joint venture in Egypt, starting with a roughly 750-room hotel on a 15,984 square metre site in 6th of October City.
TAMISEMI minister Professor Riziki Shemdoe says a new market will be built in Dar es Salaam using 5 per cent of Ilala Municipal Council’s own-source revenue while a larger permanent market tied to the Msimbazi Valley redevelopment is completed.
Redefine Properties has put R106 million into a 7.014 MWp rooftop solar plant at Brackengate that wheels power across Cape Town’s municipal grid to Kenilworth Centre, Blue Route Mall and the Towers office precinct.