General
Expert Sees Africa’s Real Estate Sector Evolving Amid Market Volatility
Over the last year, changes in Africa’s regulatory environments, coupled with constant swings in commodity prices as well as heightened political and economic tensions, have resulted in ongoing volatility in the continent’s real estate markets.
Despite this, fundamental demand-supply imbalances continue to present a largely attractive long-term investment outlook and thereby drive demand for real estate investment opportunities.
As a consequence, there has been significant interest from both domestic and international investors as well as some – albeit marginal – growth noted in the market during this period.
According to Head of Real Estate Finance for Africa Regions at Standard Bank, Mr Niyi Adeleye, “This growth points to an evolution in the continent’s real estate sector as well as to the urgent need for investors in this space to adapt their approach in line with this evolution and to seek out more economically sustainable ways to participate effectively in these markets.”
Given the volatility which Africa’s economies are generally subject to, more patient, long-term strategies for delivering value also need to be adopted and thorough market research, conducted as well as ‘Fit for Purpose’ solutions, applied.
A ‘one-size-fits-all’ approach does not work in Africa and it is crucial that sufficient time and resources are put into understanding the vast and varied markets that call the continent home.
The more traditional private equity funding model has begun to fall out of favour and in order to effectively navigate the current environment, investors are now increasingly taking portfolio views and evolving from short-term to more permanent real estate investment structures.
“When the size of an economy does not allow for the scale that investors are looking for, this limits the depth and size of the investments that they are able to make in that economy,” says Mr Adeleye. “We are however, now seeing a shift towards more diversified markets and the evolution of previously untapped asset classes, as well as the emergence of a new breed of investor class,” he adds.
Historically, the markets have been dominated by developers or development entities creating assets but ‘property aggregators’ are now buying properties out at reasonable levels of discount and creating investment theses for them to achieve their return objectives. This demonstrates a level of depth within the markets and, once again, speaks to the evolution thereof, which is creating a demand for new asset classes and triggering the start of a new cycle of development and acquisition, with increased sustainability built into the structure.
Real estate investment offers long term, stable return profiles and continues to represent an exciting opportunity for the deployment of local savings for broader investment and economic growth. And while African real estate investment has traditionally focused on top end, global quality opportunities aimed at attracting hard currency funding; these markets are today rapidly developing the infrastructure that connects their economies to the world and making middle and lower end real estate opportunities more attractive to investors.
“Standard Bank offers in-country presence and insight, a multi-jurisdictional view and capability across 20 African markets. As our clients evolve with the markets in which they operate, so too do we, both in supporting their aspirations, and in helping them meet the demands of this constantly changing environment,” says Mr Adeleye.
By Adedapo Adesanya
The Coroner’s Court sitting at the Yaba Magistrate Court has announced April 14, 2026, for the commencement of an inquiry into the death of 21-month-old Nkanu Nnamdi Esege, son of renowned Nigerian author Chimamanda Ngozi Adichie and Dr Ivara Esege.
Magistrate Atinuke Adetunji fixed the date on Wednesday when the matter came up before the court.
The twin child, Nkanu, died on January 7, 2026, after receiving care at Atlantis Hospital and undergoing medical procedures at Euracare Multi-Specialist Hospital in Lagos.
The child was initially admitted to Atlantis Hospital in Lagos for what was described as a worsening but initially mild illness.
The family had sought initial care as arrangements were being made to transfer him to Johns Hopkins Hospital in the United States. Atlantis referred him to Euracare for pre-flight diagnostic procedures, including an MRI, lumbar puncture, and insertion of a central line.
However, the child passed away following the procedures.
His parents have alleged medical negligence and professional misconduct in connection with his death.
According to a leaked internal message sent privately to family members and close friends at the time, Ms Adichie blamed the staff of Euracare Multi-Specialist Hospital, located in Victoria Island, Lagos, for causing the demise of the lad.
“My son would be alive today if not for an incident at Euracare Hospital on January 6th,” she wrote in a broadcast message confirmed later on.
“We have now heard about two previous cases of this same anesthesiologist overdosing children. Why did Euracare allow him to keep working? This must never happen to another child,” she also wrote in the lengthy message.
The 48-year-old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.
By Adedapo Adesanya
Justice Joyce Abdulmalik of the Federal High Court in Abuja has adjourned the case against former Kaduna State Governor, Mr Nasir El-Rufai, to April 23 for arraignment.
The Department of State Services (DSS) filed a three-count charge against Mr El-Rufai for the alleged unlawful interception of communications, linked to remarks he made during a television interview. It was alleged that Mr El-Rufai’s actions contravened provisions of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024, and the Nigerian Communications Act, 2003.
The court had earlier fixed February 25 for the former governor’s arraignment, but he was absent during Wednesday’s proceedings.
Counsel for the DSS, Mr Oluwole Aladedoyin, informed the court that the former governor is still in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), where he is under investigation for alleged misappropriation of funds.
This prompted the judge to adjourn the case to April 23 for arraignment.
Meanwhile, the former Kaduna governor has filed a suit in response to Charge Number FHC/ABJ/CR/99/2026 instituted against him at the Federal High Court in Abuja.
The application contends that the prosecution violates several constitutional provisions that breach El-Rufai’s fundamental rights, including Section 36(5) of the 1999 Constitution, which guarantees the presumption of innocence; Section 36(11), which provides for the right against self-incrimination; Section 36(12), which requires that offences be defined in written law; as well as Sections 39 and 40, which guarantee the rights to freedom of expression and freedom of association, respectively.
Mr El-Rufai’s motion is praying the court for: “An Order quashing and/or striking out Charge No. FHC/ABJ/CR/99/2026 (as contained in the charge dated February 16, 2026) for being incompetent, for disclosing no offence known to law, and for constituting a gross abuse of court process.
An Order discharging the defendant/applicant on the ground that the charge discloses no prima facie case against him.
He is equally seeking an order awarding the sum of N2 billion as costs against the secret police (acting through its prosecuting counsel) for the abuse and misuse of the court process, and the egregious, reckless, and unconstitutional misuse of the criminal justice system to harass, embarrass, and publicly victimise him.
The suit, which cites 17 grounds for seeking the dismissal of the charges, was filed on 17 February 2023.
His lawyers notified the Director General of the DSS of the processes that they have filed in the matter via a letter dated 18th February. The letter also formally informed the DSS regarding the legal representatives of Mr El-Rufai and the names and addresses of his team of counsel.
The grounds cited in the motion seeking the dismissal of the charges include: their constitutional invalidity, lack of disclosure of a prima facie case, citing offences not known to law and failure to meet statutory conditions.
Other grounds cited include fatal duplicity and absence of evidence, lack of prosecutorial competence, the impermeable nature of the constitutional right against self-incrimination, bad faith, political persecution and abuse of court process.
By Adedapo Adesanya
Nigeria has signed a joint venture with defence technology company, Terra Industries Limited, as part of efforts to boost the country’s defence industrial capacity and advance indigenous high-technology development.
The Defence Industries Corporation of Nigeria (DICON) and Terra signed a Memorandum of Understanding (MoU) for the establishment of the Joint Venture Company (JVC), both parties announced on Monday.
The partnership provides a robust framework for the local production, assembly, research and development (R&D), and training in high-technology systems, including drones, cybersecurity solutions, robotics, and other ancillary software and hardware platforms.
The MoU, executed pursuant to the DICON Act 2023, underscores DICON’s statutory mandate to collaborate with indigenous and foreign defence-related industries through Public-Private Partnerships. Under the agreement, the Joint Venture Company will operate as a subsidiary of DICON, jointly promoted and owned by DICON and Terra Industries, and duly incorporated in Nigeria.
This marks the latest move by Terra, which recently became a $100 million company, following recent raises from investors including Flutterwave CEO, Mr Gbenga Agboola, American actor Jared Leto as well as 8VC founded by the co-founder of Palantir Technologies Inc., Mr Joe Lonsdale. Other investors included Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital GmbH, Silent Ventures LLC, Nova Global.
Terrahaptix, founded by Mr Nathan Nwachukwu and Mr Maxwell Maduka, are using the new funding to expand Terra’s manufacturing capacity as it expands into cross-border security and counter-terrorism.
The latest agreement with DICON is designed to establish advanced production and assembly lines for high-tech equipment within Nigeria, while promoting meaningful technology transfer, skills development, and specialised training for Nigerian personnel.
It also aims to strengthen local sourcing of raw materials, reduce dependence on imports, and enhance domestic industrial capacity and strategic autonomy. Additionally, the partnership will support the supply of security equipment to the wider Nigerian security agencies, other security agencies, positioning Nigeria as a competitive player in the global defence manufacturing sector.
Under the agreement, Terra Industries will provide technical expertise, professional services, and training, and will attract both local and foreign investment to strengthen the defence industrial ecosystem.
The company will also facilitate the procurement of production equipment, coordinate local and international training programmes, and provide access to manufacturing know-how, tooling, spare parts, and established defence sector supply chains.
Speaking on this, Mr Nathaniel Nwachukwu, CEO of Terra Industries, noted that the partnership “Demonstrates confidence in indigenous Nigerian engineering capability and creates a platform for sustainable defence technology development, innovation, and export competitiveness.”
On his part, Major General BI Alaya, the Director General of DICON, described the agreement as “A transformational step toward strengthening Nigeria’s defence manufacturing base, reducing import dependence, and positioning Nigeria as a regional hub for advanced innovation.”
The need for security has risen in recent years, as groups such as Islamic State and al-Qaeda are gaining ground in Africa, converging along a swathe of territory that stretches from Mali to Nigeria.
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