News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Egyptian property developer SODIC has signed a EGP 7.5 billion facility with Commercial International Bank to finance the development and construction of its June project on the North Coast.
Egyptian President Abdel Fattah Al-Sisi has ordered strict monitoring of real estate developers' contractual commitments and promised legal action against any party that fails to deliver units within agreed timelines.
The Muguku family is in advanced talks to sell The Waterfront Karen Mall in Nairobi for up to Sh9 billion as investors reassess large shopping-centre investments amid a slowdown in Kenya's retail property boom.
Ghana-based real estate firm Devtraco Plus Nigeria Limited has called on Nigerian investors and developers to look beyond local borders, citing Ghana and Accra as compelling markets for cross-border property investment.
Lagos State, through LASISMA and the Ikoyi-Obalende LCDA, is moving to curb illegal encroachment of open spaces, setbacks and walkways, weeks after issuing a seven-day ultimatum to occupants of makeshift structures on public institution corridors.
A Sunday fire destroyed shops and goods reportedly worth millions of naira at Eda Plaza, a building materials market in Jabi, Abuja.
Egypt's Finance Minister Ahmed Kouchouk detailed five steps for obtaining certified online clearance for real estate transaction tax as the country expands digital tax services.
Knight Frank's H1 2026 update shows prime residential sale prices in Kenya rose 6.2% and monthly rents 0.73%, with Limuru emerging as a sought-after location.
Knight Frank says Nairobi's prime office occupancy rose 4.05 percentage points to 84.88% in the first half of 2026, driven by continued absorption amid limited new supply.