News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Former Nigerian Institute of Town Planners president Nathaniel Atebije says Abuja needs a credible, transparent and predictable property market to protect investors and residents amid ongoing building demolitions.
Tema-based state housing developer TDC Development Company grew net profit to GH¢195.61 million in 2025, up from GH¢59.99 million in 2024, helped by a fair value revaluation of its investment properties.
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.
Tanzania's Ministry of Lands says Lupita Island in Lake Tanganyika is being transferred to another investor and has not been sold, after US investor Tim Draper announced plans to sell his investment.
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.
Prime land in Lagos costs about $1 million for 507 square metres, making it the second-most expensive market among 11 major African cities surveyed in an Estate Intel report.
Pan-African developer Mixta Africa says the Federal Government’s proposed housing reforms could strengthen buyer protection and boost confidence in Nigeria’s housing market.
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company.
No fewer than eight people are feared trapped after a two-storey building collapsed in Ilorin, the Kwara State capital, in the early hours of Tuesday.