News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Egyptian developer SAM Developments has begun construction of its 90 Gate mall after selling out the project's first phase, with excavation and retaining-wall works due to start as the company pushes back on talk of a broad market slowdown.
Housing Finance Bank is expanding its Hoima operations and widening its micro-lending offer, as rising economic activity in Uganda's Bunyoro region fuels demand for housing, agriculture and small-business finance.
Nigeria's Special Control Unit Against Money Laundering and the Real Estate Developers Association of Nigeria have moved to tighten compliance in the property sector, warning developers that registration alone is not enough as the country prepares for its Mutual Evaluation.
The Kano State Government plans to build 5,000 houses under its Gida-Gida Mega City programme at Rijiyar Gwan-Gwan, with the wider housing and infrastructure package put at more than N150 billion and delivery projected within eight to 24 months.
Attacq, the JSE-listed Reit behind Waterfall City and Mall of Africa, reported 15.5% growth in normalised distributable income per share and a 17.2% rise in its full-year dividend for the year to 30 June 2026.
The Ruring'u Affordable Housing Project in Nyeri Town will include 32 commercial shops alongside four residential blocks, with physical progress at 69.5% against a 92% time lapse.
Absa has extended R5.1bn in financing to port and logistics developer Newlyn Group as South Africa pushes to shift more freight from road to rail and improve supply-chain efficiency.
Residents and a Freedom Front Plus councillor say municipal land in Randhart, Alberton, is being sold illegally while shacks and irregular water and electricity connections spread and an investigation stalls.
The median age of residential property buyers in Botswana has risen to 46 years, the highest since 2021, as expensive mortgages, elevated land and construction costs and weak household incomes push homeownership further beyond the reach of younger Batswana.