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Court nullifies 2014 takeover of Lagos property firm, orders CAC to expunge records
A Federal High Court in Lagos has nullified an alleged 2014 attempt to take control of a 30-year-old property company through disputed corporate filings.
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Catch up on the latest real estate news, updates, and development stories from African markets.
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Rwanda's updated land reference prices head to Cabinet for approval
Rwanda's long-awaited revised land reference prices are set to take effect once Cabinet gives final approval, after five years without an official update.
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MREIF disburses over N140bn in mortgages to 2,000 Nigerians across 27 states
The MOFI Real Estate Investment Fund has disbursed more than N140 billion in mortgage loans to over 2,000 Nigerians across 27 states since its mortgage operations began in April 2025, according to ARM Investment Managers.
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PCEA launches Sh703m fund drive to save Milele Beach Hotel from debt
The Presbyterian Church of East Africa has launched a Sh703 million fundraising drive to rescue its Milele Beach Hotel in Mombasa from debt, after paying Sh50 million to KCB to cut its outstanding loan to Sh753 million.
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Developers urged to build flood resilience into Lagos estate planning from the start
Octo5 Holdings executive director Lauretta Odusolu says property developers in Lagos must move from a 'build first, solve drainage later' approach to treating flood resilience as part of initial estate design.
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PIC seeks independent valuers for its multibillion-rand property portfolio
South Africa's Public Investment Corporation has issued a tender to appoint professional valuers for its expansive property portfolio, months after a R430m valuation scandal at Lanseria International Airport.
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Kenyan court clarifies what land buyers can recover after fraudulent deals collapse
A ruling by Kenya's Environment and Land Court in Kisumu shows land buyers can recover money paid and expenses directly linked to a failed transaction — but only where the costs are proven and tied to the deal.
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Afro-Arab Properties breaks ground on 30-unit housing project in Accra
Afro-Arab Properties has cut the sod for a 30-unit, three-bedroom housing project at Community 22 Annex in Accra, with a payment plan that lets buyers move in after a 40 per cent down payment.
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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.