News
Catch up on the latest real estate news, updates, and development stories from African markets.
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New Habitat for Humanity International research shows nearly nine in 10 Kenyan respondents have cut spending on essentials to meet housing costs, with 55 per cent fearing a financial shock could cost them their homes.
The Lagos State Ministry of Housing has warned allottees in its public estates that violating allocation terms could trigger legal action, at a stakeholder forum in Agbowa-Ikosi, Epe Division.
A new bonded warehouse with capacity for about 700 containers has begun operations in Abuja, offering importers inland storage and customs clearance closer to Nigeria's northern market.
South Africa's Hawks have obtained a court order restraining four properties and eight movable assets valued at R7.746 million that are linked to an Eskom fraud and money-laundering case.
Representatives of 52 communities displaced by Ghana's Akosombo Hydroelectric Dam have urged the government to speed up compensation and lift the embargo stalling payments for their lost land and livelihoods.
Businesses, homes and individuals owe county governments Sh100.38 billion in unpaid levies and fees, including land rates, deepening cash-flow strains on Kenya's devolved units.
Kenya's Telposta Pension Scheme has agreed to sell four properties in Nairobi, Mombasa and Gilgil for Sh9.62 billion to three government institutions as it moves to cut its real estate exposure to within regulatory limits.
South African-founded asset manager Ninety One, which manages about $240 billion, plans to financially back infrastructure projects aimed at reversing the decay of Johannesburg, its chief executive Hendrik du Toit has said.
Ghana's Real Estate Agency Council has warned developers, brokers and agents that breaches of the Real Estate Agency Act, 2020 can attract fines, licence suspension or revocation, and criminal penalties including prison terms.