News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Secretary to the Government of the Federation, Senator George Akume, has warned that poor workmanship, substandard materials, corruption, shortcuts and the use of unqualified persons could undermine efforts to deliver safe and quality housing across Nigeria.
Plans are underway to develop an 800-unit workers' housing estate in Ebonyi State, with funding support from the Federal Mortgage Bank of Nigeria (FMBN) through a Public-Private Partnership arrangement.
The National Homeownership Fund (NHF) is expanding its affordable housing interventions through strategic partnerships, district housing projects and innovative financing initiatives to increase access to decent homes for Ghanaian workers and families.
President John Dramani Mahama has said the first 700 units of the long-delayed Saglemi Housing Project will be ready for commissioning by March 2027, as the redevelopment of the 5,000-unit estate advances.
Kenya is pushing lenders to move beyond traditional payslips and build an inclusive mortgage market, targeting growth from about 30,000 mortgages towards one million as its affordable housing programme scales up.
The Federal Government has started building 250 housing units for civil servants in Dukpa, Gwagwalada, Abuja, under a partnership between the housing ministry and the Head of the Civil Service office.
Research presented at a GTI Group forum shows Lagos requires about N6 trillion a year to bridge its housing capital gap, with the state's housing deficit now put at 3.4 million units.
Egypt's planned Forbes International Tower in the New Capital Central Business District is targeting net-zero carbon emissions by 2030 and LEED Platinum certification, with the Ministry of Local Development and Environment reviewing sustainability plans for the development.
The Group Managing Director of Haldane McCall Plc, Edward Akinlade, says lower-cost financing, better infrastructure and simpler land and tax policies are needed to unlock investment in Nigeria's real estate and hospitality sectors.