News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Allegations of corrupt land allocations have rocked the City of Harare's Housing Department after 31 residential stands were sold on a gazetted wetland in Marlborough, with construction already under way and no environmental impact assessment in place.
Zanzibar's deputy minister for lands told the House of Representatives that land taken for investment without proper notice or compensation will be returned to owners where mistakes are verified, or fairly compensated where return is legally impossible.
Land Reform and Rural Development Minister Mzwanele Nyhontso told Parliament the latest figures date from a 2017 audit that found foreign nationals owned 0.56% of South Africa's land, and that new legislation on foreign landholding is being drafted.
Public Works Minister Dean Macpherson says the department will refurbish all nine buildings in the long-vacant Telkom Towers precinct, with a Request for Information due to the market as early as next week.
African contractors must position themselves to win a meaningful share of a continental construction market projected to reach US$330 billion by 2031, the Zimbabwe Building Contractors Association says.
South Africa's largest privately owned multi-let industrial property company has opened an outsourced fulfilment operation at Electron Exchange in Johannesburg, following a successful rollout in Cape Town.
The Kenya Army has briefed troops at Kahawa Garrison on a newly established Kenya Defence Forces mortgage scheme that aims to give military personnel and their families structured access to affordable homeownership.
Nigeria's housing ministry has set up a 15-member ministerial committee to turn validated stakeholder recommendations into an implementation framework for housing sector reforms, giving it six weeks to deliver a work plan.
Zimbabwean police are hunting a 40-year-old Bulawayo man accused of defrauding six home seekers of US$83,750 and R143,000 in a residential stand scam dating back to 2017.