Browsing: Real Estate in Africa

Kigamboni house, dege eco village, Affordable housing in Tanzania

Is affordable housing a myth? A look at Tanzania’s multi-billion project

Countries

In the modern world, affordable housing is becoming a complex issue for many people, especially in Africa. Across the region, rapid urbanization, which has boomed over the past decade, has made affordable, decent housing challenging precipitating the emergence of informal settlements. 

In the case of Tanzania, Dar es Salaam, the commercial pulse of Tanzania, is struggling to develop cities that bring inclusive growth and job opportunities for people, the Kigamboni City Project tried by failed.. 

A December 2015 publication by the World Bank argued that Africa could have as many as 1.2 billion urban dwellers by 2050 and 4.5 million new residents in informal settlements each year, most of whom cannot afford basic formal housing or access mortgage loans.

The informal settlements or slums is particularly pronounced in big African cities. In 2020, 24.2 percent of the global urban population lived in slums. In Sub-Saharan Africa, the slum

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Kenya's economic growth

Kenya: Real estate sector growth slows down amid declined transactions in the industry

Business
  • A report by the Kenya National Bureau of Statistics (KNBS) indicates that Kenya’s real estate sector grew by 6.1 per cent in the first quarter of 2022
  • KNBS revealed that the decline in performance was attributed to a slowdown in activities in the market, which resulted in a decline in transactions in the sector
  • The construction sector grew by 6.4 per cent in the quarter under review, marking a 0.4 per cent decline from the 6.8 per cent growth that was realised in the first quarter of 2021

Kenya’s real estate sector grew by 6.1 per cent in the first quarter of 2022, representing a 0.6 per cent decline from the 6.7 per cent growth that was recorded in the corresponding quarter in 2021.

A finding by the Kenya National Bureau of Statistics (KNBS) revealed that the decline in performance was attributed to a slowdown in activities in the market, …

Pan African real estate company Broll reaches for global partners

Pan African real estate company Broll reaches for global partners

South Sudan

Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company.

The new venture represents a partnership with Broll’s Occupier Services business and will be branded Cushman & Wakefield Broll, providing clients with an integrated platform covering the entire sub-Saharan Africa region.

The partnership combines Broll’s well-established operations and market-leading track record of Occupier Services across Africa with Cushman & Wakefield’s global reach. This will allow for the optimization of Broll’s expansive knowledge of the African markets with the weight and expertise of a global player. “This partnership provides an important distinction for users of space, who will benefit from the Cushman & Wakefield Broll dedicated focus on occupier clients,” says Ken Gerber, Managing Director of Broll Occupier Services.

The service offering covers end-to-end corporate real estate solutions for businesses across …