News
Catch up on the latest real estate news, updates, and development stories from African markets.
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President William Ruto toured affordable housing and market projects in Kajiado County, including the KSh2.18 billion Boma Yangu Loitoktok development that will deliver 751 homes, as the national programme grows to 282,000 units.
The Kaduna State House of Assembly is considering legislation to regulate residential rents across the state, as rising accommodation costs put increasing pressure on household incomes.
Ethiopia is establishing its first dedicated mortgage refinance company, capitalised at 100 billion birr (about $620 million), under a National Bank of Ethiopia and IFC cooperation framework aimed at unlocking long-term housing finance.
Ghana's Local Government Minister Mahama Ayariga has announced plans to redevelop the Korle Lagoon slum in Accra into high-rise container housing, beginning with a military-led evacuation and clearing of the dumpsite.
Fortress, the logistics and retail property group with operations in South Africa and Europe, grew distributable earnings 14.2% in FY2026 and raised its FY2027 guidance on stronger-than-expected property fundamentals.
Tatu City has proposed two high-rise residential towers in Ruiru, Kiambu County, the taller rising to 30 floors, in a Sh7.09 billion project that would be the tallest building outside Nairobi.
The Real Estate Developers Association of Nigeria has urged property developers to move away from isolated operations and strengthen collaboration to improve industry performance and cut construction costs.
The Federal Government has urged the Real Estate Marketers and Consultants Association of Nigeria to prioritise professionalism and credible data, saying proposed reforms will address registration and credibility of practitioners.
Bildad Nzuki Wambua, a director of Gladdens Homes Limited, has been charged over an alleged housing fraud scheme in which 22 victims are reported to have lost Ksh28 million.