News
Catch up on the latest real estate news, updates, and development stories from African markets.
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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.
Kenya's Court of Appeal has refused to reopen a decades-old compensation dispute over land acquired for Ndakaini Dam, leaving the National Land Commission and Nairobi City County exposed to a bill of about Sh608 million.
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.
President Abdel Fattah El-Sisi has directed the government and the Tahya Misr Fund to build 200,000 rental housing units at a shared cost, as Egypt moves to restore rental housing alongside its homeownership schemes.
Uganda will start relocating households from landslide-prone areas of the Bugisu sub-region on 21 October, offering each affected family a one-off Shs18 million package to buy land elsewhere.
Absa Bank Ghana's new headquarters at Ridge in Accra has achieved IFC EDGE Advanced certification, recognising its energy and water efficiency measures including a 570-kilowatt-peak solar installation.
eThekwini Municipality's planned R980 million Durban amusement park has secured development funding approval from an unnamed development finance institution and is targeting construction after the first quarter of 2027.
Kenya's Senate has launched an inquiry into the affordable housing programme, demanding a project-by-project audit of costs, expenditure and unit allocations across all 47 counties.
Sujimoto Group has announced a 49-storey luxury hotel in Lagos that would sell individual suites to investors from $150,000, as it positions the project as Nigeria's tallest hotel.