News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Nairobi County Assembly's planning committee has opened investigations into stalled urban renewal schemes, including the Pangani-Ngara "Jevanjee" project, amid concerns that buyers are servicing loans for homes they have not received and that county land titles were used as loan collateral.
Egypt's Cabinet has approved a draft decision establishing an investment zone for Qatari Diar's Alam Al Roum project, a mixed-use development covering about 4,900 feddans on the North Coast, with total targeted investments of $29.7 billion.
Uganda's Anti-Corruption Court has sentenced two Lira District local government officials after they admitted facilitating an irregular land title for property belonging to the district that was titled in a private individual's name.
Tension erupted in Ruai after police clashed with residents while enforcing an eviction order against a widow who says the disputed parcel of land has been her home for more than three decades.
Anambra State Governor Chukwuma Soludo has promised to compensate residents whose residential buildings were demolished during the widening of the Afor Nnobi roundabout in Idemili South Local Government Area.
A 28-year-old Harare man has appeared in court accused of selling a 3,200 square metre residential stand using a forged City of Harare offer letter and a fake survey diagram, leaving the buyer US$45,000 out of pocket.
Singapore's Banyan Group has acquired a majority stake in Newmark Hotels & Reserves, adding 26 hotels, lodges and game reserves across seven African countries. Founder Neil Markovitz stays on as chief executive.
The Federal Government has asked Qatar Charity and the Qatar Fund for Development to partner with Nigeria on affordable housing and urban renewal, as the country seeks to close an estimated 15 million housing deficit.
The Olojudo of Ido-Osun, Oba Olayinka Jokotola, has asked the Federal Government to protect land acquired for an aviation project, alleging that private interests are encroaching on the property.