News
Catch up on the latest real estate news, updates, and development stories from African markets.
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A R1 billion investment by Southern Sun is set to fund upgrades to Durban’s Golden Mile beachfront, including the Elangeni and Maharani hotels, with property experts saying it could lift confidence in the surrounding residential market.
Ghana is preparing a comprehensive regeneration programme for the Agbogbloshie enclave that will combine environmental restoration with the development of industrial and housing zones, Local Government Minister Mahama Ayariga has said.
The Academic Staff Union of Secondary Schools in the FCT has asked the Federal Capital Territory Administration to set up a housing scheme for teachers, saying high accommodation costs are forcing some educators to commute long distances or sleep in classrooms.
Zanzibar developer Infinity Developments has acquired the Beit Al Salaam Hotel in Stone Town in a multi-billion-shilling deal, expanding its hospitality and real-estate portfolio.
A man has been charged with conspiracy to defraud over an alleged attempt to subdivide and sell a three-hectare property in Diani, Kwale County, valued at about Sh45 million.
Ghana’s government says only about 5% of Ghanaians can secure housing without assistance, with 60% needing state-facilitated support and 30% unable to access housing even with subsidies.
Private property investor Ipic Properties has acquired the Country Hotels group, adding 16 hotels and lodges with 638 rooms across South Africa’s Western and Northern Cape to its portfolio.
Owners of Peka Park and Garden in Wuse, Abuja, allege that FCT officials demolished property, equipment and investments worth more than N1 billion despite a subsisting court order restraining interference with the premises.
A Habitat for Humanity International study has found 63% of Ethiopian respondents are dissatisfied with their housing, against a global average of 35%, with informal-settlement residents reporting a 74% dissatisfaction rate.