News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Property expert M.I. Okoro has called for an employer-supported home ownership scheme and deeper long-term capital from pension funds, insurers and banks to make housing affordable for Nigerian workers.
Moncef Belkhayat's H&S Group has agreed to buy a 25,000-square-metre plot in Agadir's Lqliaa Logistics Zone for a $10.7 million logistics platform, its second site in the region.
The City of Johannesburg failed to approve a R25.3bn three-year capital funding plan after opposition parties blocked the vote, deepening a standoff over the metro's borrowing and infrastructure spending.
UAE-backed Arclyn Developments has launched in Egypt with an EGP 20bn investment plan, starting with three projects in the New Administrative Capital and a mixed-use scheme in the MU23 area.
A late-night fire destroyed a one-storey building housing shops and residential apartments in the central business district of Koforidua, with property reported to be worth millions of cedis lost.
Egyptian developer Madinet Masr has launched ETAJE, a residential and mixed-use project on the last residential plot in its Taj City development in New Cairo, with a targeted sales value of about EGP 6.6bn.
The City of Cape Town and the Western Cape Government faced a High Court deadline to report on affordable-housing plans after the Constitutional Court declared the 2015 sale of the Tafelberg site in Sea Point unlawful.
An elderly homeowner collapsed during a hearing at a Federal High Court in Lagos as residents of several Okokomaiko communities press a long-running demolition case involving agencies including LAMATA.
Former NPP Chairman Freddie Blay has accused President John Dramani Mahama of ordering the demolition of his son's Polo Beach Club at the La Beach enclave in Accra despite an ongoing court dispute over the property.