News
Catch up on the latest real estate news, updates, and development stories from African markets.
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State Housing Company Limited has started a nationwide audit and recovery exercise covering its lands and properties, giving occupants and dealers without valid authority 21 days to regularise their interests or vacate.
Parliament's Transport Committee has ordered the Aviation Principal Secretary and the Kenya Airports Authority to table a report on encroached Moi International Airport land, opening the way for possible evictions as the airport pursues an expansion.
AceRoyal Estates has launched Villa Nova, a 1,000-home master-planned community in Abijo, Lagos, backed by Lagos State land-title assurance and structured mortgages from Nova Bank.
Residents and property owners in Festac Extension, Amuwo-Odofin, Lagos have asked President Bola Tinubu to intervene in their long-running dispute with the Federal Housing Authority, alleging the agency acted on their properties while the matter is in court.
The Kenya Property Developers Association has launched a Coast chapter in Mombasa to engage developers, government and financiers on investment and sustainable development across the region's six counties.
Backyarders in Gugulethu, Cape Town are still waiting for 571 government houses that were meant to be completed in the 2023/24 financial year, with funding secured and a contractor appointed but no timeline for construction.
Tanzania's population is projected to reach about 120 million by 2050, driving demand for housing, transport, commercial buildings and public infrastructure, Lands and Housing Minister Leonard Akwilapo said.
Adds Developments has entered Egypt's real estate development market with a 220-feddan land bank, starting in East Cairo, the company's chairperson Abdullah Sohail said.
Local Government Minister Mahama Ayariga says the government is working on a new financing framework, including pre-renting market spaces, after an Italian export credit facility was cancelled.