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How to predict the real estate market

In Kenya, the real estate industry is a free market in that the price of housing is driven by supply and demand. The higher the demand, the higher the prices with the inverse also applying. Over the last couple of years, the Kenyan economy has witnessed exponential growth of the middle-class. What this means is […]

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Property spat strains already frayed Kenya-Somalia relations

-The two nations are engaged in a heated maritime territorial battle over oil and gas exploration blocks that have reportedly been put up for auction. -Diplomatic tension between Nairobi and Mogadishu has heightened this year following the dispute, often playing out in the open.

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Role of an active insurance industry in mortgage economy

A mortgage economy where the financial system is stable needs the role of an active insurance industry to grow and thrive. This is because insurance and mortgage complement each other.

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Sun Africa eyes travelers with new Sh1 billion Nairobi apartments

Located in up-market neighborhood of Hurlingham, Sun Africa Luxury Apartments comprises 20 apartments both studios and one bedrooms. The hotel chain dates back to 1927, one of the first establishments in Africa offering bush and safari holidays.

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The Future of Real Estate in Nigeria

The future of real estate in Nigeria is its youth. But not in the way that you think. With rising concerns over Nigeria’s exploding population growth, we are seeing an emergence of a more dynamic, technologically savvy young working population. Young people are becoming more nimble, and increasingly embracing risk by establishing their own startups; […]

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Abuja Tenants Groan Under Rent Yoke

As Nigerians grapple with the problem of mounting housing deficit, even with real estate owners expanding their business frontiers in the nation’s capital, there seems to be no hope in the horizon for the poor who populate the informal sector as cost of rent in Abuja continues to be neck-breaking for residents in the city, […]

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LASG to begin maintenance, rehabilitation of public buildings

Committed to creating better management solutions for public facilities, improve cost efficiency as well as establish a system for regular maintenance and refurbishment of assets for better service delivery, the Lagos State Infrastructure Assets Management Agency (LASIAMA), has commenced the assessment of public infrastructures such as schools, hospitals, public buildings and MDA’s across the state […]

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Housing activists take City of Cape Town to court

Activist organisation and law centre Ndifuna Ukwazi (NU) has launched litigation in the Cape High Court to compel the City of Cape Town to develop a housing policy that would require new developments to include affordable housing. To launch the litigation about 30 NU and Reclaim the City members picketed outside a proposed new apartment […]

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AFC Closes Debut Dual Currency Samurai Term Loan Facility

Africa Finance Corporation (“AFC” or “the Corporation”), Africa’s leading investment-grade infrastructure solutions provider, announces the successful closure of general syndication which raised US$ 233 million and JPY 1 billion. MUFG Bank, Ltd. (“MUFG”) and Sumitomo Mitsui Banking Corporation (“SMBC”) acted as Mandated Lead Arranger and Bookrunner.  MUFG will be acting as Facility Agent on the transaction, […]

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Real estate attracted over US$4bn institutional capital as at 2018- Ogundiran

With Nigeria ranking 145 out of 190 countries in the World Bank ease of doing business index and acknowledged as one of the top 10 most improved economies in the world, real estate in the country contributed over $4 billion of institutional capital going by the 2018 statistics.

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