News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The South African Human Rights Commission has asked the Western Cape High Court to interdict the transfer of 49 City of Cape Town properties sold at a public auction in February, pending a review of whether the disposals breached housing and public participation duties.
Afrirent Holdings and co-developer Lance Chalwin-Milton now plan to invest about R2.5 billion in a 35-storey mixed-use tower beside the Cape Town International Convention Centre, almost double the R1 billion to R1.3 billion flagged when the site lease was secured in 2024.
Makueni County will hold public participation within a month on a land use and management plan for the 21,000-hectare Ngai Ndethya Game Reserve, which proposes allocating 13,860 hectares for human settlement and leaving 7,279 hectares as a jointly managed reserve.
Ghana's Lands Commission says regulations to operationalise the Land Act, 2020 (Act 1036) have reached an advanced stage and are before Parliament, alongside a push to open 36 district offices.
An FCT High Court in Abuja has sentenced Kinsley Eselebor, a Federal Capital Development Authority staff member, to 25 years in prison for obtaining money under false pretences and using forged documents to sell two Kubwa plots he had no title to.
Egyptian platform Property Exit has launched to give buyers, investors and owners a structured way to value real estate assets and plan exits, backed by real estate technology firm Gateway Financials.
Awaed Real Estate Investment Fund has closed a second issuance worth EGP 1.77 billion (USD 31.6 million), with the proceeds earmarked for income-generating assets in Madinaty and Al Rehab.
Morocco's draft 2027 budget introduces a national affordable rental programme for students, young professionals and new households, alongside 11,000 new student beds and 100,000 rural homes.
More than 100 residential plots have been sold at Bahari Bay, a R3 billion, 489-unit eco-estate at Shelly Beach on KwaZulu-Natal's South Coast, with Phase One now 75% sold.