Vantage Capital announced that it has provided R82 million of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo.
Across Africa, affordable housing is in acute short supply. It is one of the reasons why lockdowns and social distancing during the COVID-19 pandemic are unimaginable and unsustainable.
Safaricom and the National Social Security Fund (NSSF) have announced a partnership to empower customers on the NSSF Tenant Purchase Scheme make monthly installments through M-PESA.
Dr.3pleA Company is a tech startup domiciled in Nigeria that offers a host of services among them HR Management consulting, e-learning and provision of information on investment in real estate.
The UK Prosperity Fund, in partnership with Future Cities South Africa is launching their Future Cities Programme in three of South Africa’s major city municipalities; Cape Town, Johannesburg and Durban.
Oluwatosin Dada is the CEO of Dadus Properties, a Nigerian real estate startup of property development and management consultants.
Banque Misr signed a cooperation protocol with the Social Housing Fund, Real Estate Finance and Misr Express for Development and Trade (Zaher), to fund for housing units for low-Income earners in Egypt.
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties.
Cytonn Investments launched the first Home Ownership Savings platform within a regulated collective investment scheme, Cytonn Affordable Housing Investment Plan (CAHIP).
Real estate firm, Mizizi Africa Homes has announced plans of deploying big data to boost efficiency of its operations and offer custom solutions to prospective homeowners.
American Tower aquires Eaton Towers, enters agreement to acquire JV stakes in Ghana, Uganda from MTN
American Tower Corporation has announced that it has closed its previously announced acquisition of Eaton Towers Holdings, adding approximately 5,700 communications sites to its African portfolio.
Kenyan President Uhuru Kenyatta launched the first project as part of an ambitious 100,000 affordable homes agreement between the government of Kenya, UNOPS, and Sustainable Housing Solutions.
Global building materials and solutions company LafargeHolcim is increasing its commitment to provide low-carbon and affordable housing solutions in Africa.
The Kenyan house prices remained in the negative territory during the third quarter of 2019, in what the latest Kenya Bankers Association House Price Index (KBA-HPI) has attributed to supply-demand imbalances.
IFC and SOFID, the Portuguese development finance institution, have agreed to work together to support sustainable tourism investments in emerging markets as an engine for growth and job creation.
Fairvest Property Holdings, a real estate investment trust with a market cap ofR2 billion, has been approved for a secondary listing on A2X Markets.
Francophone Africa’s burgeoning hospitality market continues to be a critical opportunity for “global hospitality brands and investors,” says the host of the second annual bilingual FrancoReal Property Investment Forum, Kfir Rusin.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a franchise agreement with ALDAU Development group for a Hyatt-branded hotel in Cairo, Egypt.
Zion Market Research has published a new report titled “Building Analytics Market By Component.
Kenya’s urban developer Tatu City and I&M Bank have signed a Memorandum of Understanding to facilitate access to credit for buyers of property within the 5,000-acre development.
The Government of Sierra Leone (GoSL) and Sherbro Alliance Partners have signed a Memorandum of Understanding on a strategic partnership for the development of a new charter city.
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has signed a Master Development Agreement with Aleph Hospitality to develop ten franchise hotels across IHG’s portfolio of brands in midscale and upscale segments.
A new report from JLL has revealed that people seeking to finance new hotel projects in Africa will be much more successful if their hotel is part of a mixed-use development.
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network forum to discuss the challenges facing the sector.
The Department of Trade and Industry announces that a 50-year Durban Aerotropolis master plan has been unveiled and the plan will set in motion ground-breaking initiatives with regard to the development of Durban Aerotropolis.
A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.
Accor, a world-leading augmented hospitality group, is building out its presence in East Africa having signed an agreement to manage its first MGallery Hotel Collection property in Nairobi, Kenya.
Digital Realty, a global provider of data center, colocation and interconnection solutions, has appointed Jeffrey Tapley as Managing Director for Europe, Middle East and Africa
In collaboration with SAP, the city of Cape Town has deployed a flexible, integrated digital support platform to ease the process of compliance and equip the City with valuable data about informal trade across its more than 2 400km2 area.
How does a famously cosmopolitan city of nearly four million people from countless nationalities and cultures support its bustling, thriving informal trade sector?
IFC, a member of the World Bank Group, today announced a loan to Protea Hotels Zambia, a subsidiary of conglomerate Union Gold Zambia, to build and operate a hotel and conference center in the outskirts of Lusaka.
Growth is expected to be seen in the engineering insurance as Kenya embarks on completing its construction and infrastructure projects under the Agenda 4, says Kenindia.
Equites Property Fund has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 1 July 2019.
Cushman & Wakefield has entered into an exclusive affiliate arrangement with the largest independently owned pan-African commercial property services company Broll Property Group.
Anne Wambui Gaitha is an investment and financial services professional. She founded Regal Africa in 2015. Located at Top Plaza, 4th floor, Kindaruma Road, Kilimani, Nairobi, the company provides diverse financial services in East Africa.
NEPI Rockcastle has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from Tuesday, 18 June 2019.
Keller Williams,KW, the world's largest real estate franchise by agent count, is expanding across Africa. As momentum continues, KW has awarded a new master franchise in Morocco.
The World Bank Board of Directors has approved a $750 million International Development Association (IDA) credit to support the Government of Kenya’s reforms to enhance inclusive growth.
Sub-Saharan Africa construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region accordin to Mace’s latest Market report.
Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare.
The Nairobi Securities Exchange (NSE) has admitted Myspace Properties onto Ibuka, NSE’s incubation and acceleration program.
Kenya’s Cabinet Secretary for Foreign Affairs, Monica Juma, has called on South Africa to tap into the lucrative investments opportunities in Kenya, especially in food security, manufacturing, universal health care and affordable housing.
Office yields remained largely stable in most African markets over the past two years, anchored by patient domestic capital as local investors assume a longer-term perspective, a new analysis by Knight Frank shows.
[Kenya] Commercial office sector rental yields in Nairobi Metropolitan area grows to 8 per cent, Cytonn report
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Commercial Office Report – 2019.
A new study has revealed that improved housing had doubled on the African continent between 2000 and 2015.
[Kenya] Cytonn and SBM Bank sign $ 6.5 million loan facility towards completion of a residential mixed use development
Cytonn Investments,has signed a $ 6.5 million loan facility with State Bank of Mauritius, SBM Bank Kenya, as it seeks to bring in long-term debt to complement its private markets funding.
Performance across Casablanca's real estate market remained relatively stable throughout 2018 with the announcement of new projects also enhancing investor sentiment across all sectors.
American Homebuilders of West Africa (AHWA) and the Guinea Ministry of Housing and Urban Development have signed a $207 million convention agreement targeting construction of 4000 homes.
The last 20 years of real estate boom in East Africa has changed our building landscape and inventory, as it quite rightly should have done.
Innova Eco Building System has entered into a joint venture agreement to build a $40 million manufacturing plant bringing its green building technology to Mwale Medical and Technology City.
Africa's largest urban developer, Rendeavour, in partnership with the Lagos State Government, has broken ground on a new satellite city development.
Cytonn Real Estate , the development affiliate of Cytonn Investments, has launched a Ksh 2.5 billion, approximately $25 million, development in Karen.
Even as Kenya continues to record impressive penetration of technology, a section of citizens still prefer the brick and mortar services and are still apprehensive about embracing new innovations among them machine intelligence.
UNOPS has signed an agreement with Kenya government to deliver 100,000 affordable, sustainable homes nationwide.
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
The real estate sector in 2018, recorded continued investment across all themes driven by the political stability following the conclusion of the electioneering period.
By deliberately centering Manufacturing in the Big 4 Agenda, Kenya made an expedient decision to steer itself back on the fast track towards realizing Vision 2030.
The government of Rwanda and the World Bank Group have signed a $150 million International Development Association credit agreement to expand access to housing finance.
CBRE Group, Inc and Excellerate Property Services have partnered to meet the growing demand for high-quality real estate services in Africa.
Kenya has this week successfully hosted the first global conference on blue economy that brought together over 16,000 delegates.
Since Airbnb’s founding, 3.5 million guests have arrived at listings across Africa as a whole, and 2 million guests have arrived at listings on Airbnb in South Africa.
Karibu Homes, a developer has signed an agreement with Tatu City to enable it to develop over 1,000 homes in Kenya.
Protea Hotels by Marriott, part of Marriott International, announced the signing of Protea Hotel by Marriott Accra, Kotoka Airport
Casablanca’s commercial sector showed signs of improvement in the first half of the year in 2018, reveals real estate management company JLL.
Nigeria’s property market continues to embrace technology to make the real estate sector more investable, increase liquidity and drive greater home ownership.
The World Bank has approved an International Development Association package of $20m to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy.
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
As Kenya continues to cement its position as East Africa’s economic powerhouse, it has been on a charm offensive targeting African and global public and private players.
Mercer, a global consulting leader in advancing health, wealth and career, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc., has announced the results of an extensive study that examines the needs of workers in the world’s fastest-growing cities across four key factors – human, health, money and work.
International real estate investor and developer, Arthur Mackenzy Properties Group (AMPG), is eyeing development opportunities in Nigeria in association with local government bodies and businesses.
Protea Hotels by Marriott, part of Marriott International, today announce the opening of Protea Hotel by Marriott Pretoria Loftus Park.
Further disruption in South Africa’s accommodation and property letting sector is on the cards as AirAdvance, a fintech startup, provides those offering private accommodation through Airbnb easy access to affordable finance.
African-based specialist hospitality, real estate and leisure consulting company, HTI Consulting, summarised the top five performers across 13 African cities for the first half of 2018 as indicated by STR Global.
AccorHotels and Platinum Properties, the Project Company of the Pullman Accra Airport City, have announced the signing of a landmark agreement for Pullman Accra Airport City.
Hilton has announced it is on track to more than double in size in the next five years with the opening of Legend Hotel Lagos Airport, Curio Collection by Hilton – the company’s first Curio Collection by Hilton hotel in Africa.
President Uhuru Kenyatta has witnessed the signing of a deal to deliver 100,000 affordable housing units.
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
Cytonn Investments Management Plc has opened an office to serve the Central Rift region and tap into the vast real estate investment opportunities the region offers.
Raven Property Group Limited has listed on the Johannesburg Stock Exchange (JSE) Main Board.
Cytonn Real Estate, the development affiliate of Cytonn Investments,has released its Kenya Retail Sector Report - 2018.
Nigeria’s Nahman Construction and California-based advisory and development firm StoneCreek Partners LLC have entered into a strategic alliance for joint pursuit of development opportunities in the Sub-Saharan Africa region.
UN-Habitat, General Organization for Physical Planning and New Urban Communities and UN-Habitat have announced the launching of the project RAS EL HEKMA Waterfront new city in Egypt.
Kenya Power has reiterated its commitment to provide affordable and reliable energy to manufacturers and its other customers to support the government’s Big 4 Agenda.
West and Central Africa, colloquially referred to as Francophone Africa, continues to offer real estate investors and developers more opportunities as it remains one of the world’s fastest growing zones.
Rwanda Parliament has passed the law determining the sources of revenue and property of decentralized entities, commonly known as Property tax.
Kenya’s capital Nairobi is becoming a worldwide property magnet.
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
President Uhuru Kenyatta has signed into law a Bill creating a 15 percent tax relief for Kenyans buying houses under the Affordable Housing Scheme.
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
Growthpoint will retain its primary listing on the JSE and will not issue any new shares in connection with its secondary listing on A2X. There is no cost, risk, or additional regulatory compliance for Growthpoint as a result of its secondary listing on the A2X.
Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its Nairobi Metropolitan Area Residential Report – 2017/2018.
Vantage Capital announces today that it has provided $10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.
MRI Software, a global leader in real estate software solutions, has announced the acquisition of PropSys, a property software solution provider based in Johannesburg, South Africa.
Kenya Government officials led by President Uhuru Kenyatta have negotiated deals worth 1$00 million at the US-Kenya conference in Nairobi.
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
Cytonn Investments, an alternative investment management firm in the East African Region, has secured an additional Sh2.1 billion in funding from their institutional partners, Taaleri of Finland.
Land LayBy Technologies is a financial technology company currently operating in the real estate sector in Kenya. The sister Company in Melbourne, Australia subserves the same market segment.
Reuben Kimani is an engineer, ICT professional and currently the CEO of Kenyan Real Estate company, Username Investment.
Exemplar REITail Limited has listed on the Main Board of the Johannesburg Stock Exhange (JSE), joining a diverse group of real estate companies represented on the bourse.
In an attempt to consolidate the benefits of the market innovation, Land Layby is adopting Blockchain Technology through its sister Companies - Land LayBy Technologies registered in Australia and Kenya.