News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Ghana plans a digital platform for property rate collection to strengthen the internally generated revenue of metropolitan, municipal and district assemblies, Local Government Minister Mahama Ayariga has said.
Mostakbal Misr has introduced a tiered framework allowing stalled Red Sea hotel developers to settle land dues, with projects below 20% construction facing seizure and those above 80% exempt from additional fees.
A new urban node west of Durban has already attracted R1.3bn through Westown Square, with nearly R15bn in investment projected and about 20,000 homes planned in the wider Shongweni development.
President William Ruto says 20% of homes built under Kenya's affordable housing programme will be reserved for teachers, with a salary check-off system to make payments easier.
The University of Rwanda plans to build a roughly 150-room hotel in Huye offering three- to five-star accommodation and apartments, as it seeks to earn more of its own revenue.
A new Egyptian developer backed by six founders plans to launch four projects in Sheikh Zayed and 6th of October, with a pipeline of investments approaching EGP 10bn.
The Kenyan government has launched investigations into alleged fraudulent titles issued on land earmarked for the Lamu refinery, saying the parcel is held under a single mother title by the Kenya Ports Authority.
The Western Cape High Court has dismissed a bid for leave to appeal an eviction order against occupiers of Transnet-owned land in Salt River and Woodstock, Cape Town.
House rents in Port Harcourt's highbrow areas have more than doubled in two years as oil-sector demand, a growing population and flooding push prices up and force low-income earners to the city's outskirts.