Africa – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel


March 28, 2017

Listed Real Estate in Eastern Africa and Beyond – What Next?

East African property markets have demonstrated desirable levels of resilience over the past few years. As African economies including Angola, Nigeria, Zambia and Ghana have reeled from commodity price induced recessions, better diversified countries in the East African region including Kenya […]
March 28, 2017

Marriott announces adaptive reuse project for an Aloft in Mauritius

Marriott International, which now owns Starwood and all its brands, announced the signing of a hotel deal with Green East Master Limited for an Aloft Hotel.  If developed and opened according to schedule, it might become the first Aloft-branded hotel on […]
March 24, 2017
Great North Mall, Lusaka - Zambia. Novare

IFC Mulls Financing Package for Novare’s First Zambian Retail Project

The IFC is currently mulling a financing package to Woodside Mall Zambia Limited, the Zambian Project SPV that has been registered by the Novare African Property Fund II to develop the Great North Mall. The funding package includes a US$4.5 million loan […]
March 14, 2017
African Logistics Properties Acquires Second Site for Development

African Logistics Properties to receive $35m boost from CDC and IFC

African Logistics Properties (ALP), a specialist investment manager in the African logistics and industrial warehouse sector, will be getting an investment of $35m from IFC, a member of the World Bank Group, and CDC Group, the UK’s development finance institution. The IFC […]
March 7, 2017
World Bank Approves $130m additional financing for Tanzania Strategic Cities Project. Image Source:

World Bank Approves $130m additional financing for Tanzania Strategic Cities Project

The World Bank has approved up to $130 million in additional financing for the Tanzania Strategic Cities Project (TSCP) covering the eight strategically important cities of Tanga, Arusha, Mwanza, Kigoma, Dodoma, Illemela, Mbeya and Mtwara, to enable them keep up […]
March 4, 2017

African Private Equity Fundraising Falls 47% in 2016

New data published by the African Private Equity and Venture Capital Association Africa (AVCA) demonstrated that the total value of private equity deals in Africa rose by 40% between 2015 and 2016. According to the AVCA, $3.8bn worth of private […]
February 20, 2017
The Assembly of Heads of State and Government of the West African Economic and Monetary Union (WAEMU) in June 2016, in Dakar, Senegal. Image Source:

IFC Invests $2m in West African Mortgage Refinancing Company

The IFC, a member of the World Bank Group, has announced a financing agreement with the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire (CRRH-UEMOA), the regional mortgage refinancing company. The equity investment of 1.25 billion CFA franc […]
February 19, 2017
African Development Bank Approves $28.2m Funding for Shelter Afrique

African Development Bank Approves $28.2m Funding for Shelter Afrique

Through a mixture of equity and debt capital, the African Development Bank (AfDB) has approved a $28.2m injection into Shelter Afrique. An $8.2m equity injection that was announced last year, was finally disbursed at the beginning of the February 2017. The purpose of […]