AGP Executive Report
Last update: 11 hours agoPublic 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.
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