News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Federal Mortgage Bank of Nigeria has presented allocation letters for homes in Abuja, Kano and Lagos to at least 430 employees of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, with 197 mortgage applications worth about N8.3 billion being packaged.
Kenya's Court of Appeal has dismissed 42 consolidated appeals against the Affordable Housing Act, 2024, upholding the law and the mandatory 1.5 per cent payroll levy that funds the government's housing programme.
The Lagos Merchandise and Traders Association has asked the Lagos State High Court to declare the demolition of 269 lock-up shops at Oluwole Market on Lagos Island wrongful, unlawful and unconstitutional, and is seeking damages running into hundreds of millions of naira.
About 200 residents and activists marched along the Sea Point promenade on Heritage Day against the City of Cape Town's R115-million N2 Edge wall safety project, which they say will separate communities rather than cut crime.
Suriname's ambassador to Ghana has performed a groundbreaking ceremony for a 20-acre city development at Appiahkrom in the Dormaa Traditional Area, part of efforts to reunite the Ansu families of Suriname and Dormaa-Ahenkro.
The Kajiado Environment and Land Court has issued interim orders blocking the county government from enforcing land rates and rent charges introduced under the County Finance Act 2026, pending a petition by lobby group Sheria Mtaani.
Nawy Shares and CI Capital Asset Management will establish and manage digital real estate investment funds offering fractional access to Egyptian property, with subscriptions for the first funds expected in early 2027.
Public Works and Infrastructure Minister Sihle Zikalala has challenged Black businesses to move from discussion to concrete participation in South Africa's R9.4 trillion property economy.
Tanzania has directed that construction activity expanding plots or creating land along Lake Victoria shores undergo environmental assessment before proceeding, as authorities prepare for El Nino rains.