News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Federal Housing Authority holds property worth nearly N5 trillion, its Managing Director Oyetunde Ojo has said, adding that 10,000 to 15,000 housing units are ready for delivery.
Kenya's government wants lenders to use mobile money transactions, SACCO savings and rental payment histories to assess borrowers, as it seeks to expand the mortgage market from about 30,000 loans towards one million.
The Labour Court ordered Andries Helani, the University of Johannesburg's former Senior Director of Student Affairs, to repay over R18.18 million for helping non-compliant private student accommodation providers secure accreditation.
Kenya's High Court has upheld SBM Bank's priority in the liquidation of the Cytonn-backed Alma project in Ruaka, a 477-unit residential development, to recover a defaulted Sh650 million loan.
Exclusive Shelters has partnered with Urban Shelters Infrastructure Limited to launch Phase Two of the Dei-Dei Ultra-Modern Market in Nigeria's Federal Capital Territory.
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.
Ayodeji Odeleye, the new president of FIABCI Nigeria, says real estate growth can attract millions of dollars in foreign investment and position Nigeria as Africa's reference point for international investors.
Grit Real Estate Income Group, which owns malls, luxury homes and offices in Kenya valued at over Sh20 billion, remains suspended from the London Stock Exchange over delayed financial results.
Dipula Properties has agreed to buy a portfolio of nine shopping centres from Moolman Group and its co-investors for R2 billion, the landlord's most valuable transaction to date.