[8] In January 1997, Lev Leviev acquired control of Africa Israel from Bank Leumi, and reorganized its businesses.
In June 2006, Africa Israel Residences was issued and listed for trading on the Tel Aviv Stock Exchange.
In March 2019, the police stated that sufficient evidence had been gathered to substantiate suspicions that the company and its CEO, Ronen Ginzburg, had committed the offense of bribery.
[9] In August 2019, an indictment was filed against the company and its CEO, Ronen Ginzburg, for offenses under the Economic Competition Law.
[9] Following the collapse of the Barzel parking lot, which the company built, the Tel Aviv District Attorney's Office (Criminal) notified the company, Ginzburg, and other suspects that their prosecution is being considered, subject to a hearing, on suspicion of causing death by negligence of six workers at the site.