AGP Executive Report

Buyer Protection: Nigerian property professionals warn that forged titles and fake agents are putting buyers’ savings at risk. Proposed national rules would license agents and developers and use escrow to protect funds. Housing Delivery: Kenya’s Kitale project is set to add 2,181 homes, while Nigeria is weighing a 100-homes-per-local-government plan and an N85 million mortgage option; a separate scheme has begun building 257 homes in Nasarawa. Property at Risk: A gas-pipeline explosion in Rivers State reportedly injured at least 20 people and damaged homes and businesses. In Osun, residents say years of gold-mine blasting have cracked and collapsed homes near Thor Explorations’ operation. Development Finance: High material costs and limited construction finance continue to stall housing projects, with Mixta Africa urging reforms that address funding as well as delivery.

Nigeria Housing Finance: The federal government wants to raise the maximum mortgage to ₦85 million, target 5,000 loans by 2028 and reserve 30–40% of bookings for informal-sector workers. It also plans to channel at least 70% of the previous year’s National Housing Fund contributions into mortgages. Land Rights: A Kenyan court convicted former Nairobi official Davis Chelogoi of fraudulently acquiring a Sh1.35 billion parcel, finding key title documents forged and ordering duplicate registrations cancelled. Coastal Highway Dispute: A developer whose estate was cut through by Nigeria’s Lagos–Calabar highway is challenging the government’s explanation for rerouting the project and seeking compensation, warning the dispute could deter investors. Urban Growth: Jigjiga’s expanding roads, malls, hotels and commercial buildings reflect rising investment in Ethiopia’s Somali regional capital, alongside a public-backed urban corridor project. Transport Links: Nigeria reopened the First Niger Bridge after 38 days of repairs, restoring a key connection between Asaba and Onitsha.

Housing Finance: Nigeria is considering raising the mortgage cap from ₦50 million to ₦85 million and building 100 social homes in each local government area. The housing minister also wants the Federal Mortgage Bank to direct at least 70% of annual collections to loans. Building Safety: Lagos has begun demolishing a fire-damaged 25-storey building where 12 people died. Land Rights: Ugandan women activists are pressing for stronger enforcement of laws protecting women’s rights to own and inherit land. Affordable Housing: Nigeria is seeking stronger collaboration to expand housing delivery, but high material costs are holding up projects. Logistics Property: South Africa’s Equites raised its interim distribution by 5.1% and reaffirmed its growth outlook, with investment shifting from the UK to local logistics assets. Construction Skills: Ghana’s growing construction and mining sectors are creating opportunities, but industry leaders say training local technicians must keep pace.

Housing Delivery: Nigeria’s housing ministry called for closer federal-state coordination on land, mortgages and institutions. Housing groups also want rent-to-own options for low-income buyers, while construction has begun on 257 homes in Nasarawa. Development Finance: Developers say high material costs and limited construction finance are holding back projects, a gap housing reforms need to address. Property Markets: Land-market activity has fallen for the first time in five years. South African logistics REIT Equites raised its interim distribution 5.1% as it nearly completed its UK exit and refocused on its home portfolio. Land and Approvals: Abuja officials demolished fences and structures, including at Amnesty International’s office, citing encroachment; the organisation says the work disrupted water supply and raised security concerns.

Lagos Safety: The state plans to begin a controlled demolition of the fire-damaged, structurally unsafe Great Nigeria Insurance House on Thursday, with nearby streets cordoned off and traffic diversions expected. Affordable Housing: Nigeria’s Housing Development Advocacy Network is urging a nationwide rent-to-own scheme to help renters become homeowners despite high upfront costs and limited mortgage access. Separately, Family Homes Funds and the Police Trust Fund have begun building 257 homes in Nasarawa. Kenya Land Market: Title deed issuance fell 35.3% to 282,392 in the year to June, its first annual decline in five years, as fewer land transactions and reduced bank lending weighed on the market. Building Costs: Developers across Africa are facing stalled housing projects as high material prices and limited construction finance hamper delivery.

South African Property Leadership: Fortress CEO Steven Brown has taken over as Sapoa president, with the industry body stepping up talks with municipalities on rates, tariffs, budgets and service delivery — key issues for property investment. Affordable Housing: Nigeria’s government and states are pushing for single-digit mortgage rates and longer repayment periods, while Mixta Africa says housing reforms must also tackle construction finance. High material costs are already stalling some projects. Housing Finance: ShafDB has launched a $100 million sustainable bond to fund affordable housing in West Africa, adding a new financing channel as developers face pressure to deliver homes. Construction: Africa Cementrade’s November summit in Casablanca will focus on investment, financing and lower-carbon production as the sector weighs growth against tighter emissions rules.

Nairobi Development: A proposed 27-storey mixed-use tower in Kibra would add 396 homes alongside commercial space, marking a major high-rise project near one of Nairobi’s largest informal settlements. Abuja Land and Planning: FCT Minister Nyesom Wike says the government will address a legal challenge over Qatar’s embassy plot and wants to learn from Doha’s urban planning and transport systems. Housing Delivery: Developers warn that high material costs and limited construction finance are stalling projects; Mixta Africa says housing reforms must tackle funding as well as mortgages. Affordable Housing Finance: Nigeria and state governments are pushing for single-digit mortgage rates and longer repayment periods, while the West African Development Bank has announced a sustainable bond to support affordable housing.

Housing Finance: Nigerian federal and state officials are pressing for single-digit mortgage rates and longer repayment terms to improve access to affordable homes. ShafDB has also unveiled a $100 million sustainable bond to finance affordable housing in West Africa. Urban Development: Ethiopia’s people-centred urban renewal is drawing attention for pairing infrastructure and social housing with shops rented to former local residents. Property Investment: Abuja’s luxury market faces an investor test as PromiseLand unveils a 22-storey tower; in Kenya, construction firms are eyeing a Sh3.4 trillion project pipeline. Building Safety: Nigeria’s BCPG is calling for tougher construction standards after a deadly building collapse in Anambra.

Morocco Hospitality: Minor Hotels announced Anantara Retreat Rabat, marking its debut in the country as investment in high-end tourism grows. South African Development: Attacq and Tricolt broke ground on the R624 million Aspire Waterfall City project. Affordable Housing: Nigerian federal and state officials renewed calls for single-digit mortgage rates and longer repayment terms, while ShafDB launched a $100 million sustainable bond to support affordable housing. Lagos Land Dispute: Magodo residents urged Governor Sanwo-Olu to stop alleged encroachment on a wetland, highlighting tensions between urban development and environmental protection.

Hospitality Investment: South Africa’s Western Cape has a new 10-suite luxury wellness safari retreat at Kuganha, while IHG signed a deal for a 250-room Crowne Plaza in New Cairo, due to open in 2031. Infrastructure Funding: Lagos is raising up to N200bn to finance hospital construction, the Blue Line and Omu Creek Bridge. Housing and Resettlement: Borno is seeking private investment in housing and other sectors to support durable resettlement for internally displaced people. In Ethiopia, Kefi has restarted work at its Tulu Kapi gold project, with new access roads and replacement homes and land planned for residents displaced by the mine. Affordable Housing Finance: ShafDB launched a FCFA60bn sustainable bond to fund affordable housing in West Africa. Property Performance: Botswana-listed RDC Properties reported first-half profit before tax of P72.4m, up from P49.6m a year earlier, with South Africa and Croatia among its key markets.

Abuja Land Dispute: Amnesty International has urged authorities to halt planned demolition at Maitama’s Plot 5334, warning that private development could damage drainage infrastructure and worsen flood risks while legal proceedings continue. Morocco Hospitality: Four Seasons and Royal Resort Cap Malabata have unveiled plans for a luxury coastal property in Tangier. Infrastructure and Property: Anambra says compensation costs are a concern as about 5,700 buildings face demolition along the 2nd Niger Bridge corridor. Affordable Housing Finance: ShafDB launched a 60 billion CFA franc sustainable bond to fund affordable housing in West Africa.

Kenya Housing: Rising rents are forcing families to choose between housing and other essentials, while a court ruling upholding the Affordable Housing Act highlights questions over how the levy will translate into homes. Morocco Development: Four Seasons and Royal Resort Cap Malabata plan a 99-room resort with 27 villas on Tangier’s coast, adding to the city’s luxury property pipeline. Lagos Investment: Long leases could cut the cost of entering the real-estate market by up to 70%, according to property-sector commentary. West African Finance: ShafDB has launched a 60 billion CFA-franc sustainable bond to fund affordable housing, as Shelter Afrique has also raised 60 billion CFA francs for housing finance. Housing Delivery: A new report says housing policy is failing to produce enough decent homes, while Nigeria’s Delta Renewed Hope housing project faces concern over slow progress.

Property Access: Lagos real-estate executive Sanni Faruq says long leases can cut the cost of entering the market by up to 70%, while Nigeria’s SEC chief has urged investment funds to help finance university hostels. Affordable Housing Finance: The ShafDB launched a 60-billion-CFA-franc bond to fund affordable homes in West Africa, following Shelter Afrique’s similar-sized market raise. Delivery Gaps: Uganda is shifting attention to closing its housing shortfall through delivery, while a report says housing policy is failing to produce decent homes. Nigeria’s housing ministry has also raised concerns over slow work on Delta’s Renewed Hope project. Planning and Safety: Town planners in Nigeria are calling for affordable housing and more integrated city development. A building collapse in Anambra that killed a mother and her teenage daughter underscores the human stakes of safer construction. South Africa’s Property Sector: SAPOA marked its 60th anniversary, highlighting commercial property’s role in the country’s future.

Public Property: Kenya’s ICT, police and defence ministries are set to spend Sh9.62bn on four Telposta Pension Scheme properties, including Nairobi’s Telposta Towers, helping the fund reduce its heavy exposure to real estate. Affordable Housing: ShafDB launched a CFA60bn sustainable bond to finance housing in West Africa, while Kwara State opened a 464-unit estate and pledged to reduce its housing deficit. New Development: A Nigerian firm unveiled a $150m, 20-storey Abuja condominium project; in Kenya, developers warn that high borrowing costs are squeezing rental housing supply. Property Market: Cape Town prices rose 11.5%, and Lightstone is targeting the formalisation of 60% of property ownership records. Construction Safety: A building collapse in Anambra killed a mother and her 14-year-old daughter, renewing concerns about building standards and enforcement.

Building Safety: Kenya’s Cabinet approved a bill requiring annual licences for architects and quantity surveyors and allowing site inspections. False registration could bring a KSh2 million fine or up to two years in prison. Industrial Property: A 25-year lease gives Freeport Saldanha access to 55 hectares at the South African port, supporting a pipeline of proposed investments valued at R6.9 billion. Affordable Housing Finance: ShafDB launched a FCFA60 billion bond on the West African regional market to fund affordable housing. Housing Delivery: Kwara inaugurated a 464-unit estate for civil servants and traders, while a Nigerian firm announced a $150 million, 20-storey Abuja condominium project. Kenya Development: President William Ruto’s 11-day North Rift tour includes affordable housing, roads and title deed issuance across six counties.

Affordable Housing Finance: Shelter Afrique Development Bank launched a FCFA 60 billion sustainable bond to fund affordable, energy-efficient housing and urban development across West Africa. Abuja Development: Periwinkle Empire unveiled a $150 million, 20-storey condominium project, adding a major high-rise scheme to Nigeria’s capital. Land and Planning: Lagos is turning to GIS, AI and LiDAR to address land and planning challenges, as experts raise concerns over disputed property titles and alleged land-title laundering. Market Watch: Cape Town property prices rose 11.5%, while Kenyan developers warn that high borrowing costs are worsening the rental-housing squeeze.