News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Foreign investment in Egypt’s property market rose 47.4% year on year to $2.8bn in the fiscal year ended June 2026, as Cairo moves to regulate ownership by non-Egyptians and tighten oversight of developers.
eThekwini is courting the superyacht industry with a proposed 24-hectare marina precinct in the Port of Durban, a R1.9 billion private investment pipeline and a target of 2,500 direct jobs by 2030.
The Intro Holding executive chairman has bought a tenth of the proptech platform, which says it has recorded EGP 9 billion of transactions since launching about two months ago and is targeting a $5 million round in 2027.
IFC is providing up to $165 million and a further $135 million has been mobilised for Pickalbatros, which will use the package to acquire and upgrade hotels in Casablanca, Marrakech and Agadir.
Interior Principal Secretary Raymond Omollo says structural works at the Kimumu AMS project in Eldoret are substantially complete, with the scheme to offer social, affordable and market-rate homes plus shops and recreational facilities.
Governor Uba Sani says Kaduna has paid about N7 billion to households whose homes, businesses and utilities stood in the way of township roads, with a fresh N2 billion tranche for 865 households in Zaria, Giwa and Shika.
Mbarali legislator Bahati Ndingo says seasonal farm rentals are eroding smallholder earnings, prompting commitments from the Vice-President and Agriculture Minister to find a lasting land-access solution.
Public Works Minister Dean Macpherson has approved a plan to protect 235 hectares of sensitive state land near Cape St Francis while releasing a separate portion for future housing.
Structural tests on an unfinished two-storey block at Madina Market in Accra returned readings as low as 11 Newtons per square millimetre, prompting a fresh safety warning and plans for demolition and a 24-hour market.