Category
Published stories attached to the Policy category.
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Nigeria’s mortgage lenders want the government to accelerate MREIF as high financing costs continue to restrict homeownership. Faster implementation could unlock cheaper, longer-term mortgages while giving developers stronger demand for new housing.
High-level bilateral discussions in Abuja focus on attracting Saudi real estate developers, advancing modern construction technology, and funding large-scale urban development initiatives.
Ending a two-decade-old administrative body, President Tinubu transfers all functions relating to the disposal of government real estate assets directly to the Office of the Attorney General.
LASRERA and the anti-graft agency strengthen inter-agency cooperation to investigate and prosecute property scams, fake titles, and document forgery across the state.
More than 20 properties in Ikeja have been shut down as Lagos intensifies enforcement of planning rules. The crackdown highlights growing pressure on developers to secure approvals before construction or major alterations.
Nigeria is preparing stricter rules for property developers as authorities seek to protect homebuyers from costly housing scams. Mandatory licensing and escrow accounts could fundamentally change how off-plan properties are sold.
Kenya’s anti-corruption agency is pursuing the recovery of prime Kisumu land valued at about KSh4.5 billion. The case alleges that 7.6 acres belonging to the Kenya Prisons Service were fraudulently acquired, putting public property and land governance under renewed scrutiny
A new 12.5% U.S. trade tariff on Nigerian imports threatens to slow industrial real estate expansion and reduce foreign direct investment in large-scale property developments.
Despite fears of a pre-emptive rate hike driven by rising inflation, the South African Reserve Bank holds the repo rate steady at 7.00%, offering bonded property owners much-needed financial breathing room.