News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Shelter Afrique plans to issue a $500 million (Sh64.83 billion) sustainability-linked bond focused on East Africa in the first quarter of 2027, with the bulk of it to be listed on the Nairobi Securities Exchange.
The Nigerian Army, in partnership with Family Homes Funds Limited and Post Service Housing Development Limited, has commissioned 50 housing units for widows and families of fallen military personnel at PHDL Pacesetter Estate in Akobo, Ibadan.
Zealand Properties has marked its sixth anniversary with the formal handover of Amiya Estate in Opebi, Ikeja, presenting a four-bedroom semi-detached duplex and its property documents to its new owners.
Zambia's National Pension Scheme Authority says its real estate portfolio, valued at about K7.1 billion, has helped create roughly 2,000 jobs while expanding housing and commercial trading space.
Grova Developments has appointed Hassan Allam Construction to deliver Grova Westfields in West Cairo under a contract valued at $1 billion, spanning 1.2 million square metres in Sheikh Zayed.
Western Cape law enforcement chiefs say illegal land invasions are driving Cape Town's crime crisis, with the City and provincial government pushing for amendments to the PIE Act to give landowners more powers.
Namibia's Ministry of Urban and Rural Development says roughly N$300 million remains available for housing construction, but the funds must cover 59 local authorities as demand for serviced land and housing grows.
Prime Minister Mostafa Madbouly inspected afforestation works in Cairo on 27 September, where officials reported more than 3,000 trees and nearly 700,000 shrubs and plants already planted under the Greening Cairo plan.
The asset and property managers of Fourways Mall have been granted a call option over up to 15% of the R8.4 billion shopping centre after vacancies fell from 18.8% to 6.6% under their stewardship.