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Published stories attached to the Market news category.
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The Gauteng High Court in Johannesburg has dismissed an application for a declaratory order on fees imposed on property practitioners by residential estates, a ruling Human Settlements Minister Thembi Simelane says leaves the industry regulator free to keep enforcing the law.
Shelter Afrique Development Bank and Vista Group Holding have signed a memorandum of understanding to channel long-term capital into affordable housing across West Africa.
Shareholders of Infinity Trust Mortgage Bank have approved a N50bn capital raise that can be executed through a rights issue, private placement or public offer, as the mortgage lender positions itself for expected sector capital rules.
TDC Ghana says Tema Oil Refinery and VALCO owe a combined GH¢581.7 million in rent plus years of unpaid ground rent, with their leases expired and renewal negotiations yet to produce payment.
Kenya's Treasury has drafted proposals to exempt land transactions valued at Sh1 million or less from stamp duty, with progressive rates above that threshold, President William Ruto said at Mashujaa Day celebrations in Eldoret.
A Housing Development Advocacy Network report says African developers are building for a buyer class that does not exist in sufficient numbers, leaving affordable stock underserved even as demand for housing keeps rising.
Knight Frank's H1 2026 Lagos Market Update shows prime Lagos rents more than doubling since 2023, Grade A office rents steadying near $55 per square metre and values in Abuja's Guzape districts rising 20 to 30 per cent.
Materials prices have risen by between 25% and 30% and subcontracting costs for social housing have climbed sharply, squeezing Moroccan developers who say weak household purchasing power prevents them passing the increase on.
Jordan Wike, son of the FCT minister, has been petitioned to the EFCC over a failed $2.1m transaction for land in Katampe and Guzape, while a civil suit over the same deal returns to court on 1 December.