Real Estate and Construction News

Algeria is set to host Shelter Afrique Development Bank’s (ShafDB) 44th Annual General Meeting (AGM) and Housing Symposium in July 2025,

Nigeria’s Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, who also serves as the Chair of the Executive

Infrastructure Africa, a prominent African business event dedicated to advancing infrastructure development across the continent, is excited to announce the

IFC has recently announced a $20 million equity investment in the Africa50 Infrastructure Acceleration Fund (IAF Fund) to support sustainable

Shelter Afrique Development Bank (ShafDB), a Pan-African institution dedicated to financing and promoting housing, urban, and related infrastructure development, has

On the fringes of COP28, Shelter Afrique, the premier Pan-African Housing Finance Institution, established a partnership with the Islamic Development

The management of AfriKing Homes has successfully completed the Abuja National Stadium training pitch and turned it over to the

Nigeria is home to the highest number of homeless people worldwide, according to data from the World Population Review. Approximately

The Republic of Guinea’s government and Shelter Afrique Development Bank (ShafDB) have signed a Memorandum of Understanding (MoU) to collaborate

During the Extraordinary General Meeting (EGM) in Algiers, Algeria, Shelter Afrique Shareholders approved revised Statutes to transform the pan-African housing

Architect Ahmed Musa Dangiwa, Nigeria’s recently appointed Minister for Housing and Urban Development, has succeeded Babatunde Raji Fashola, SAN, CON

The Lagos State Planning and Environmental Monitoring Authority (LASPEMA) has formally signed a Memorandum of Understanding (MOU) with eTranzact PLC

Financer of Pan-African Housing Development, Shelter Afrique, has recommended African governments to boost their national data bureaus and offices by

Shelter Afrique is eager to welcome the remaining ten African countries that are not yet members, according to the Pan-African

A $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose organization, has been approved by the African Development Bank’s board of directors in order to co-finance the development of a cutting-edge floating dock ship repair facility in Ghana’s western Takoradi port. Under the terms of a 25-year concession granted to the company by the Ghana Ports and Harbours Authority, the loan will assist the company in designing, constructing, operating, and maintaining a top-notch ship repair and maintenance facility in the Gulf of Guinea. Construction of a 200-meter jetty, 300,000 cubic meters of rock removal from the port basin, and the acquisition

financing for the construction of homes in Africa, refuge Africa has urged African governments to put partnerships first in their

In order to update and approve the new regulation texts for tourist lodging businesses within the ECOWAS area, Director Generals

A UK property platform that offers a strategic expansion strategy for real estate agents in Africa has been introduced by

A five-day working tour of the Nigerian market was conducted by the Shelter Afrique delegation, which was led by Board

Housing development financier for all of Africa In order to improve the Institution’s performance, competitiveness, and value generation over the

Pan-African housing development financier Shelter Afrique has approved a USD13 million line of credit to Lagos-based real estate firm, Mixta

Pan-African housing development financier Shelter Afrique has approved a USD13 million line of credit to Lagos-based real estate firm, Mixta

Shelter Afrique is developing a Sovereign Lending product to supplement its traditional products that attend to both the demand and

The urban population of Nigeria constituted 48% of the country’s population, according to the United Nations. This indicates that 73.92

At The Big 5 Construct Nigeria 2022, public and private stakeholders will come together to explore sustainable solutions for the growth of

Pan-African housing development financier Shelter Afrique has extended USD19.5 million (₦8 billion) line of credit to Lagos-based real estate firm, Mixta

Nairobi-based pan African housing development financier Shelter Afrique has appointed Thierno-Habib Hann as the new Chief Executive Officer to succeed

Pan African housing development financier Shelter Afrique has posted an operating profit of US$ 1.04 million up from operating loss of

The organizers of the African Economic Conference have issued a call for research and policy papers that focus on the

African countries continue to struggle amidst the ever-growing deficit in the provision of decent and affordable housing for its citizens.

he World Urban Forum (WUF) concluded today with a high-level engagement of African Ministers of Housing, Urban Development and Local

The high cost of land and the rising cost of building materials could derail efforts to speed up the development

Pan-Africa housing development financier, Shelter Afrique has received USD7.15 million in additional capital subscription from the Federal Government of Nigeria.

The 9th edition of the Africities Summit has been launched today in Kisumu by His Excellency, Uhuru Kenyatta, President of the Republic

Barrows Hotel Enterprises, the provider of hotel investment and advisory services for hotels in the Middle East and Africa, is

Urbanisation in Africa contributes to better economic outcomes and higher standards of living, with cities notably outperforming national averages across

The United Cities and Local Governments of Africa (UCLG Africa) (www.UCLGA.org) and CitiIQ, creator of an innovative global city measurement

The Sahel and West Africa Club (SWAC/OECD), the United Nations Economic Commission for Africa (ECA) and the African Development Bank (AfDB) will

One month before the 9th edition of the Africities Summit scheduled to take place on May 17 to 21, 2022

Pan- African housing development financier Shelter Afrique, through its research and policy formulation arm, Centre of Excellence (CoE), has launched a

EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, announced

GAIA AFRICA (GaiaAfricaClub.com), Nigeria’s premier private members club for professional and businesswomen leaders, launched her Club House in Lagos on

Leading Pan-African professional real-estate services provider Broll Property Group (www.Broll.com) anticipates the African real estate market to normalise and bounce

Africa’s Property Technology (Proptech) sector is ramping up and is a key component of future strategies for local REITs, operators

Nigerian rental scheme company Rent4Less by Alpha Mead, announced it raised a fixed-rate series one $1 million private placement bond to

Africa’s real estate sector is driving the continent’s economic recovery forward with more than $800mn disclosed deals taking place in

Japan aims to raise its share of nonfossil fuels for electricity generation, including renewables and nuclear power, to about 60%

Chinese construction giant – China Civil Engineering Construction Corporation (CCECC) on Friday launched the construction of the CCECC Dire Dawa

Marriott Hotels (www.Marriott.com), the signature of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced its debut in Nigeria with

The Cooperative Mortgage Bank Limited is to received the sum of N2 billion from the Federal Government to fund the

The United States EB-5 visa – otherwise known as the Immigrant Investor Visa Programme – is set to expire on June

Renowned real estate success strategist My-Ace China (full name, Alloy Emeka China) otherwise known as Mayor of Housing recently launched

As part of its contribution to achieve a conducive environment in Africa’s most populous nation, Novarick Homes and Properties is geared towards

Application Deadline: May 9th 2021 The Smart Cities Innovation Programme (SCIP) is a 6-month accelerator supporting tech start-ups from Rwanda and

Abbey Mortgage Bank is repositioned for growth with the recently concluded right issue exercise which will increase the capital of

Considering the annual remittance of about $24 billion from the diaspora, Novarick Homes, a property development company has unlocked new investment opportunities

Unity Homes, a developer of inclusive residential communities, and Rendeavour, Africa’s new city builder, are expanding their partnership from Kenya

President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial

Application Deadline: 28th February 2021 Kaira Looro Architecture Competition is a design contest open to students and young architects with aims

The Federal government has announced that it has approved N204 Million for design and deployment of a web-based highway monitoring

Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and

Application Deadline: March 15th 2021  The World Habitat Awards recognise and highlight innovative, outstanding and sometimes revolutionary housing ideas, projects and

Today, H.E. Amira Elfadil Mohamed Elfadil, Commissioner for Social Affairs and H.E. Ambassador Yuxi Liu, Head of the Mission of

With only Two million Naira (N2 million) Nigerians can now own homes with low interest rates and with no collateral,

Nigeria’s specialised local currency infrastructure credit guarantee firm InfraCredit has completed an approximately $27m equity investment by InfraCo Africa, part of the Private

Lagos Free Zone (LFZ) (www.LagosFreeZone.com), the first privately owned special economic zone in Nigeria with an integrated deep sea port,

As part of its continued commitment and ongoing investment in Africa, Facebook (www.Facebook.com) announced it will be opening a new

The Central Bank of Nigeria (CBN) has released the framework for the implementation of the Family Homes Financing Initiative. The

Application Deadline:  30 November 2020, 23:59 (AOE) CoreNet invites students from around the world to think creatively about a problem facing real

Pan African housing development financier Shelter Afrique has received $9.4 million from the Federal Republic of Nigeria, being the first

The Federal Government of Nigeria commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which

The Board of Directors of UAC Nigeria announced a binding agreement has been signed with Custodian Investment to purchase a

Many of us have been forced to take our shopping habits online during lockdown, and while stores have been shuttered,

Application Deadline: May 31st 2020 The world as we know it is rapidly changing and Lagos, projected to become the

The African Development Bank -managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy

Being mindful of the affordable housing trends and challenges, GBB is all set to present the 2nd Edition Affordable Housing

Given recent media reports on Nigerian police brutality especially on the controversy over the death of a Remo Stars Football

SunFunder has made its first investment in Nigeria, part of a facility of up to $4m with commercial and industrial (C&I)

Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents,

Application Deadline: March 23rd 2020 The World Habitat Awards recognise and highlight innovative, outstanding and sometimes revolutionary housing ideas, projects

Property developers, suppliers and owners were provided an opportunity to showcase their best projects and services from across sub-Saharan Africa

Abuja businesses including small scale, medium enterprises, large corporations and entrepreneurs alike will now benefit as Regus, a brand of

The immediate past president of the Nigerian Institute of Building (NIoB), Kenneth Nduka, has maintained that the solution to redeeming

Application Deadline: February 25, 2020. The LafargeHolcim Awards seek leading projects of professionals as well as bold ideas from the

The Co-founder, Wealth Island Properties, Akintade Esan, has decried the lack of financing structure in the real estate sector of

The Africa Property Investment (API) Summit (https://www.APISummit.co.za/), now in its tenth year and, regarded as the continent’s leading real estate

The Dorchester, one of the most prestigious luxury hotels in the world is set to host the 3rd Africa Summit,

Office yields remained largely stable in most African markets over the past two years, anchored by patient domestic capital as

The Real estate sector today is burgeoning at a pace wherethe iconic structures, innovation and the ever-changing market dynamics, keeps

Africa’s largest urban developer, Rendeavour, in partnership with the Lagos State Government, has broken ground on a new satellite city

Google New York office is shown in lower Manhattan on March 5, 2018 in New York City. Published reports say

Global commercial real estate services and investment firm CBRE Group, Inc. has announced that it has agreed to form a

Dr. Kennedy Okonkwo, a top player in affordable real estate in Nigeria has featured on the November edition of Forbes

As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a

Held at the 9th Africa Property Investment (API) Summit and Expo 2018, Africa’s largest investment and development conference, recognised innovation

Lagos State Government has announced that Investigative Maintenance Test  the Third Mainland Bridge will begin from midnight of August 23

Plans for a sprawling “high-tech-meets-retail” metropolis have been unveiled in Dubai. The mega mall will be the largest leasable retail

Fets Limited, a mobile money brand, is recruiting additional payment agents to facilitate business expansion. Speaking on the development, Fets

First Bank of Nigeria has joined the league of banks offering chat banking via WhatsApp Business Solution as the Bank

Two of Nigeria’s leading banks, United Bank for Africa (UBA) and GTBank are extending banking services to their numerous customers

Unity Bank Plc, has embarked on a one-day public enlightenment workshop across three states to create the necessary awareness on

WITH anticipated rising demand for fertilisers on African continent, Nigeria’s leading fertiliser, agroallied, petrochemical and power producer, Notore Chemical Industries,

Small businesses in the country will soon be able to have their businesses registered with as little at N5,500 if