Story does not exist, fh_uid: 1002436486Story does not exist, fh_uid: 1002432089 Affordable Housing

This is a complementary issue of our fortnightly Affordable Housing Alert. It provides key news stories about all aspects of affordable housing in Africa from local African sources and international media. To find out more about this Alert please contact us via the Feedback link at the end of the Alert or via Contact Us on our web site. Feel free to forward this Alert to friends or colleagues.

Africa Alert

Affordable Housing

Published: 01 May 2019 10:36

 Affordable Housing (49) 

Top Stories

Africa: Opinion: How housing microfinance in Africa can improve quality of life

In sub-Saharan Africa, the poor have very limited access to long-term financing for housing, which is almost invariably limited to commercial banks offering formal, multiyear mortgages. Only 2.4 percent of the Kenyan population, for example, is able ...

Source: Devex (07 Mar 2019 )  Share

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Africa: How Africa's housing crisis can be tackled

- The situation is compounded by lack of affordable housing finance, high ... Majority of African countries can afford to build such a huge number of ...

Source: Construction and Civil Engineering News (25 Apr 2019 )  Share

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Africa: Housing financier urges Africa to embrace PPP to address housing shortage

- We are therefore encouraging African governments to develop PPPs as the key mode for delivery of low cost housing at a large scale, Chimphondah ...

Source: Housing News (28 Apr 2019 )  Share

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Kenya: Questions linger as State pursues Uhuru's housing plan

By WALTER MENYA More by this Author For salaried people, their net pay was going to go down by 1.5 percent on implementation of the controversial Housing Levy. The employer would also have to match an employee’s contribution. The deductions, the notice said, should be remitted to Kenya Revenue Authority (KRA) by May 9 and each succeeding month thereafter. ...

Source: Daily Nation News (21 Apr 2019 )  Share

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Africa: Smart Housing Prototype Shows Promise in Rapidly Urbanizing Africa

Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare. Studies show that hundreds of millions more Africans will live in cities over the next three decades. Many of these new urban Africans, ...\nUN Environment, UN Habitat, the Yale Center for Ecosystems in Architecture and associated partners are working on these designs, one of which is on display at the UN Environment headquarters in Nairobi, Kenya...

Source: Alternative Africa Energy (Currrent News) (22 Apr 2019 )  Share

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Africa

Africa, China: Pan-African financier mulls partnership with China to handle Africa's housing crisis

He noted that Africa has a housing shortage of about 100 million units, with ... social houses fast enough to cater for all low income urban residents.

Source: xinhuanet (10 Apr 2019 )  Share

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Africa: Affordable housing: Rethinking mortgage industry

There are two essential parts to achieving affordable housing in Kenya: building decent, ... In South Africa, it contributed some 32 per cent of GDP.

Source: The Star (08 Apr 2019 )  Share

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Africa: Shelter Afrique boss lists factors inhibiting affordable housing in Africa

The Chairman, Shelter Afrique, Mr. Daniel Nghidinua, has said that affordable housing remains elusive in Africa due to a number of factors.

Source: Washington Post (06 Apr 2019 )  Share

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Africa:  Continent Needs 4 Million Houses a Year

By Kingsley Adegboye The Pan-African housing development financier, Shelter Afrique, has said that African continent requires four million housing units per year to meet its housing needs, adding that the continent is facing acute housing crisis. According to Shelter Afrique, majority of African countries are facing a housing crisis as a result of high population growth, ...

Source: Vanguard (23 Apr 2019 )  Share

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Africa: Pan-African financier contemplates over possible partnership for Africa's housing needs

Affordable Housing Project. Pan-African real estate finance institution Shelter Afrique is seeking to partner with China in order to end Africa's housing ...

Source: The World News (12 Apr 2019 )  Share

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North Africa

Egypt: Internationalisation of real estate sector is key for boosting economy: professor at NUS

Internationalisation of real estate sector is key for boosting economy, according to Yuri Shi Ming, associate professor in department of real estate at the National University of Singapore (NUS) who gave a presentation on the Singaporean experience on real estate sector, over his participation in the International Real Estate Development Conference that was organised on ...

Source: Masress (16 Apr 2019 )  Share

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Egypt: Emaar Misr donates $50m to develop informal housing areas, national projects in Egypt

The board of directors of Emaar Misr announced on Tuesday a donation of EGP 878m ($50m) to develop informal housing areas in Egypt. Emaar Misr said that this donation is due to its belief in the developmental role that private sector companies must play toward contributing to community initiatives and social projects, as well as improving the living conditions of the ...

Source: Masress (22 Apr 2019 )  Share

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West Africa

Ghana: GreenPark Properties Affordable Bespoke Housing In Ghana

GreenPark Properties, an Accra-based Real Estate Development and Property Management Company, is set to host a cocktail reception to launch the ...

Source: Africa.com (11 Apr 2019 )  Share

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Ghana: Addressing Ghana's housing deficit

Addressing Ghana's housing deficit ... has inaugurated a National Housing Committee on Affordable Housing to .... Strategic Partners across Africa.

Source: CNBC Africa (24 Apr 2019 )  Share

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Nigeria: Nigerians Hope for 'Next Level' Intervention in Housing Sector

Nigerians Hope for 'Next Level' Intervention in Housing Sector ... Society Initiative for West Africa (OSIWA) in 2015 titled, The Challenges of Housing, ... We have already partnered 18 states to provide affordable housing from rent to ...

Source: Sundiata Post (28 Apr 2019 )  Share

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Nigeria: Kanu Nwankwo Partners Perfection Real Estate Group For Affordable Homes In Nigeria

This is a company that wants to help Nigerians in the areas of housing, ... œKanu, one of Africa's most decorated footballers is however wishing the ...

Source: National Wire (21 Apr 2019 )  Share

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Nigeria: Real estate experts task FG on practicable housing policy, others

Operators in the Nigerian real estate development industry, say that there is a need to look at the sources of financing construction of housing to make life meaningful for Nigerians and also make housing affordable for all. Director of Locke Homes Properties Ltd, Idowu Bakare, stated this on Tuesday while presenting the key to a 3-bedroom flat at the Gold ...

Source: Nigeria Real Estate (News) (19 Apr 2019 )  Share

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Nigeria: LCCI lauds Buhari for declining assent to NHF bill

The Lagos Chamber of Commerce and Industry (LCCI) has commended President Muhammadu Buhari for declining assent to National Housing Fund (NHF) Bill. The chamber said the bill would have caused more problems for citizens. Mr. Muda Yusuf, the Director-General of LCCI, gave the commendation on Friday in Lagos. President Buhari had on April 2, declined assent ...

Source: Nigeria Real Estate (News) (06 Apr 2019 )  Share

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Nigeria: School of estate, others advocate to tackle housing deficit

LAGOS, Nigeria, March 28, 2019 A Special Interest Group (SIG) comprising individuals operating in the real estate sector have come together under the aegis of the School of Estate to address the myriads of lingering housing challenges in Nigeria. As part of a triangulation approach for scientific policy work on challenges and opportunities in funding housing ...

Source: Nigeria Real Estate (News) (30 Mar 2019 )  Share

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East Africa

Ethiopia:  'Better to Kill Us' - Ethiopian Residents Fear Evictions From Satellite Towns

By Tom Gardner Sululta, Ethiopia — Last month, local officials strolled through a neighbourhood on the fringes of Sululta, several kilometres north of the Ethiopian capital Addis Ababa. Flanked by policemen, they daubed red crosses on homes and pinned notices on doors. The notices - a copy of which was obtained by the Thomson Reuters Foundation - ordered residents ...

Source: Thomson Reuters Foundation (29 Apr 2019 )  Share

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Ethiopia: UPDATE 1-'Better to kill us': Ethiopian residents fear evictions from satellite towns

Flanked by policemen, they daubed red crosses on homes and pinned notices ... As a shortage of land and affordable housing has led to an explosion of .... Birhanu Lenjiso, deputy director of the California-based East African Policy ...

Source: Reuters (25 Apr 2019 )  Share

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Kenya, India: Indian property firm to build Sh12bn homes in Nairobi

Indian property firm to build Sh12bn homes in Nairobi ... Shapoorji Pallonji Real Estate in the sub-Saharan African Region, Shapoorji Pallonji ... There is a huge demand for affordable and middle-income homes and the goal of the ...

Source: Construction Kenya (08 Apr 2019 )  Share

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Kenya: PS Hinga waxes lyrical but mass housing drive proves hard nut to spin

PS Hinga waxes lyrical but mass housing drive proves hard nut to spin ... Mr Hinga was plucked from South Africa where he has been advising and helping ... Mr Hinga was to oversee the realisation of the affordable housing promise ...

Source: Daily Nation (28 Apr 2019 )  Share

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Kenya: Nairobi building projects fall 12pc

The Affordable Housing Programme (AHP) is among President Uhuru Kenyatta's legacy project where he has pledged to deliver 500,000 housing ...

Source: Business Daily Africa (28 Apr 2019 )  Share

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Kenya: KMRC to Help Address Kenya's Housing Deficit

The initiative aims to support the affordable housing agenda by increasing the availability and affordability of housing finance, thus boosting home ...

Source: Soko Directory (29 Apr 2019 )  Share

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Kenya: Kenya: Big 4 Agenda - Sonko Now Seeks to Talk Kenyatta Out of Cheap Housing Promise

"In as much as I support the affordable housing programme and the entire Big 4 Agenda za rais wetu mpendwa who happens to be my friend, mentor ...

Source: Nairobi News (28 Apr 2019 )  Share

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Kenya: Co-op Bank unveils property arm to firm up mortgage unit

Co-operative Bank of Kenya has launched a new property outfit targeting a fresh income stream.

Source: Business Daily Africa (24 Apr 2019 )  Share

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Kenya: Govt to support TVETs in training artisans for the construction sector

- Housing in Africa is a crisis, we estimate the shortage of affordable houses to be in excess of 51 million units. In Nigeria the deficit is 17 million, Kenya ...

Source: CapitalFM (24 Apr 2019 )  Share

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Kenya: Here’s how to build long-term supply of affordable houses

Last week I attended the East Africa Property Investment Summit and participated in the affordable housing panel. The summit, and discussions I have been engaging in on the affordable housing pillar of the Big Four Agenda, highlighted several opportunities that can be leveraged to drive the long-term supply of housing in the Kenyan market.

Source: Business Daily Africa (14 Apr 2019 )  Share

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Kenya: Nyeri man bets on coloured construction blocks, fittings

I seek to bring better building technology to people by concentrating on affordable housing materials and designs away from the traditional methods ...

Source: Business Daily Africa (22 Apr 2019 )  Share

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Kenya: Kenya chosen to host UN’s smart housing prototype

UN Environment, UN Habitat, the Yale Center for Ecosystems in Architecture and associated partners are working on designs for smart houses, one of which is on display at the UN Environment headquarters in Nairobi, Kenya. Africa is urbanizing fast, as its population grows and many flocks to cities in search of jobs, education and healthcare. Studies show that hundreds of ...

Source: CIO East Africa (CIO East Africa) (17 Apr 2019 )  Share

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Kenya, USA: US pension funds representing Sh100Tr explore investment options in Kenya

Projects to be financed under this partnership would include roads, water and sanitation, energy and affordable housing. Together these would ...

Source: CapitalFM (01 Apr 2019 )  Share

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Rwanda: Rwanda announces fresh construction sector reforms

As a result, the number of procedures involved in getting a construction permit will reduce from 15 to nine while the number of days to obtain construction permits will reduce from 113 to 57. Government projects that this will ...

Source: The New Times (16 Apr 2019 )  Share

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Rwanda: CENTURY REAL ESTATE RWANDA - 2019

A small Central African nation spanning just 26,338 square kilometres, the country arguably struggles to compare to ... Highlighting the affordable housing market as an area of growing interest, Haba continues: “For sure, this is going ...

Source: Africa Outlook (01 Apr 2019 )  Share

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Tanzania: Kalemani Orders TPDC to Speedly Supply Dar Homes With Cooking Gas

TANZANIA Petroleum Development Corporation (TPDC) has been directed to speed up supply of natural gas for cooking to at least quarter of Dar es Salaam households in the next three years.

Energy Minister Medard Kalemani gave the order to ...

Source: Daily News (30 Apr 2019 )  Share

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Uganda: Construction of 110 housing for landslide victims in Uganda completed

Construction of 110 out of 900 two bed-roomed housing units for resettling Elgon landslide families in Bunambutye Sub-County, Bulambuli district has been completed. Mr. Fred Tweheyo, the officer-in-charge of logistics at the site, ...

Source: Construction Review Online (07 Mar 2019 )  Share

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Uganda, Tanzania: A new shape for the mortgage industry

COMMENT | JOHNSTONE OLTETIA | There are two essential parts to achieving affordable housing: building decent, low-cost homes, and developing housing finance market that enables low-income earners to buy those homes. For, without finance, almost no ...

Source: Independent (30 Apr 2019 )  Share

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Uganda: UPDF to Build 30,000 Houses for Soldiers

Kampala — The Uganda People's Defence Forces is set to construct 30,000 housing units for soldiers in a Shs1.1 trillion project that seeks to cure the chronic shortage of accommodation in the barracks.

A statement by the UPDF ...

Source: The Monitor (30 Apr 2019 )  Share

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Southern Africa

Botswana: Botswana: Home Ownership Priority

Gaborone - Government will continue to look for ways to facilitate affordable home ownership, says Minister of Infrastructure and Housing ...

Source: Daily News (05 Apr 2019 )  Share

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Namibia:  Low-Cost Housing Prioritised

By Charmaine Ngatjiheue Bank Windhoek will finance potential buyers of PolyCare houses to alleviate the housing shortage and reduce the urban housing backlog. PolyCare Namibia launched a project at its Brakwater factory early in February to construct durable and affordable houses. The company pledged to use new technology that utilises desert sand and resin to make ...

Source: The Namibian (02 Apr 2019 )  Share

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South Africa:  Promise of Right to Housing Remains Elusive in Democratic South Africa

analysis By Soraya Beukes, University of the Western Cape South Africa's Constitution protects everyone's right to access adequate housing. This principle was spelled out in law when the Court issued a landmark ruling in 2000 that stipulated the most vulnerable people - "those living in extreme conditions of poverty, homelessness or intolerable housing" - should be given ...

Source: The Conversation (28 Nov 2018 )  Share

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South Africa: Johannesburg Mayor announces R20bn property investment

DURBAN - The Mayor of Johannesburg, Herman Mashaba has announced the single biggest property investment the City of Johannesburg has ever made through private sector development. Through the release of City properties to the private sector for redevelopment, the City expects to realise R20 billion ...

Source: IOL Independent (25 Apr 2019 )  Share

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South Africa:  Nedbank Writing Off R14 Million in Debt for Indigent Homes Welcomed By Gauteng MEC

Gauteng Human Settlements MEC Uhuru Moiloa on Sunday welcomed the writing off of R14m in debt for homes which had faced repossession due to to their unfavourable financial situation. The beneficiaries, aged between 75 and 90 years old, had registered as indigents and owed amounts of less than R150 000 on their mortgages to Nedbank and less than R10 000 for municipal ...

Source: News24Wire (22 Apr 2019 )  Share

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South Africa: A new shape for the mortgage industry

In South Africa, it contributed some 32 per cent of GDP. ... The Government Affordable Housing project seeks to develop 500,000 houses in five years, ...

Source: The Independent (11 Apr 2019 )  Share

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South Africa: Affordable housing in SA: The opportunities for first-time homebuyers

We look at opportunities for residential property investment among affordable houses for sale across South Africa. Where would you most like to live?

Source: ooba (26 Apr 2019 )  Share

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Central Africa

Cameroon: Bdeac loans XAF6.6bln for development projects in Cameroon including a 4-star hotel in Douala

(Business in Cameroon) - Cameroonian finance minister, Louis Paul Motaze, chaired April 19 in Malabo (E Guinea) the Board Meeting of the Development Bank of Central African States (Bdeac) which fetched his country XAF6.6 billion for development projects.

Source: Business In Cameroon (11 Apr 2019 )  Share

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Women and Youth

East Africa, Ethiopia: Women and Ethiopia’s politics of home demolitions

BY YESHIWAS DEGU BELAY & YOHANNES ENEYEW AYALEW APRIL 11, 2019 The flattening of homes in Legetafo Legedadi has caused havoc for thousands. As usual, the poor and women are the worst affected. On 19 February, bulldozers ...

Source: African Arguments (11 Apr 2019 )  Share

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