News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Traders at the Mallam Atta Market in Accra have appealed to the government to expedite ongoing redevelopment works, saying the displacement of businesses has hurt customer numbers and sales.
Property owners in Johannesburg's CBD say repeated electricity failures are threatening years of inner-city regeneration, forcing them to spend millions of rands on diesel and driving tenants away.
The Court of Appeal has dismissed an application seeking to stop Co-operative Bank from pursuing 10 disputed homes in Syokimau tied to a Sh1.39 billion debt owed by developer Loneview Developers Ltd.
Periwinkle Empire has entered Abuja's luxury property market with plans for a $150 million, 20-storey residential tower known as Royalties Abuja, developed in partnership with Prime Luxury Address Ltd.
VFEX-listed property developer WestProp Holdings reported half-year revenue of US$14.91 million, up 16.3%, on strong sales at Millennium Heights and Pomona City and the consolidation of three new subsidiaries.
Accra Mayor Michael Kpakpo Allotey has announced plans to build a residential housing complex with free single-room units for residents of the Kofikrom squatter settlement at Avenor, after a fire destroyed makeshift structures.
About 150 farm workers marched to Parliament in Cape Town, urging Public Works Minister Dean Macpherson to release public land for housing and redistribution to farm workers and dwellers.
The Kano State Government plans to construct 50 houses alongside each of its planned five-kilometre rural roads across all 36 local government areas, creating an estimated 1,800 housing units.
The Ethics and Anti-Corruption Commission has recovered a 0.514-acre parcel of public land in Nyali, Mombasa, valued at KSh51 million, after its registered owner agreed to surrender the property to the government.