News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Presbyterian Church of East Africa has launched a Sh703 million fundraising drive to rescue its Milele Beach Hotel in Mombasa from debt, after paying Sh50 million to KCB to cut its outstanding loan to Sh753 million.
Octo5 Holdings executive director Lauretta Odusolu says property developers in Lagos must move from a 'build first, solve drainage later' approach to treating flood resilience as part of initial estate design.
South Africa's Public Investment Corporation has issued a tender to appoint professional valuers for its expansive property portfolio, months after a R430m valuation scandal at Lanseria International Airport.
A ruling by Kenya's Environment and Land Court in Kisumu shows land buyers can recover money paid and expenses directly linked to a failed transaction — but only where the costs are proven and tied to the deal.
Afro-Arab Properties has cut the sod for a 30-unit, three-bedroom housing project at Community 22 Annex in Accra, with a payment plan that lets buyers move in after a 40 per cent down payment.
Al Naser Developments has signed an agreement with Radisson Hotel Group to manage the hotel component of its latest project in Egypt's New Administrative Capital, marking Radisson's first presence there.
Former Nigerian Institute of Town Planners president Nathaniel Atebije says Abuja needs a credible, transparent and predictable property market to protect investors and residents amid ongoing building demolitions.
Tema-based state housing developer TDC Development Company grew net profit to GH¢195.61 million in 2025, up from GH¢59.99 million in 2024, helped by a fair value revaluation of its investment properties.
American technology company Cybastion is planning a $75 million investment in an AI-powered data center and power plant in Cameroon, announced during the inaugural US-Cameroon economic dialogue.