News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Port of Lamu has received about 2,930 tonnes of construction machinery for the proposed Sh2.2 trillion Dangote East Africa Refinery, days before a planned groundbreaking ceremony on September 30.
Nigeria's real estate sector accounted for 12.71 per cent of real GDP in the second quarter of 2026, ranking third behind trade and crop production, according to the latest National Bureau of Statistics GDP report.
Narendra Raval's Devki Group has begun building a Ksh50 billion (US$386 million) cement factory at Ngaaie in Mwingi North, Kitui County, with operations targeted for mid-2027.
Long-established businesses in Durban's central business district say they are waiting for the eThekwini Municipality's planned Inner-City Development Company to deliver better services as the city centre continues to decline.
Egypt's Urban Development Fund has recorded sales worth EGP 6bn since the start of 2026 and is targeting a further EGP 3bn by year-end and the delivery of about 10,000 housing units during 2027, its chairperson says.
Panterra has released its 2026 West Africa Real Estate Market Report and Nigeria Construction Market Report and introduced Panterrium, a digital platform for real estate ownership and investment, at an event in Lagos.
Hongye International Nigeria Limited says bulldozers moved onto its leased property at Kado Estate in Abuja and destroyed installations despite a pending court case, and has asked the FCT minister and the inspector-general of police to intervene.
WestProp's ED Block at Millennium Heights in Harare has won the Best New Upmarket Residence Development award at the Africa Property Investment Summit Awards in Cape Town.
More than 70 shacks were destroyed by fire at the Forman Road Extension informal settlement in Durban's Ward 25, leaving over 100 residents homeless and two people injured.