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: 30 May 2019 19:36

 Affordable Housing (30) 

Top Stories

Kenya: UN Raises Alarm Over Wealthy Kenyans Moving to Slums

UN-Habitat Assistant Secretary-General in charge of human development in Africa, Caribbean and the ... The UN also noted that the wealthy Kenyans in slums were set to benefit from the affordable housing meant for the poor.

Source: Kenyans (29 May 2019 )  Share  Web Page

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Kenya: Kenya seeks $750m loan from World Bank

KENYA has requested the World Bank for $750 million to fund affordable housing, agriculture and other development projects amid concerns the East African nation is taking on too much debt. It’s the first proposed so-called Development Policy Financing to support Kenya’s reform program to “further enhance economic growth and make it more inclusive,” the lender said on ...

Source: Financial Gazette (29 May 2019 )  Share  Web Page

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Nigeria: Expert says FG must subsidise housing to bridge deficit

An investment banker, Prof. Charles Inyangete has advised the federal government to subsidise mortgage financing in order to enable Nigerians have access to affordable housing as well as bridge the current housing deficit. He said this became necessary given that the current environment does not support single digit interest rate. Speaking in an interview at ...

Source: Nigeria Real Estate (News) (29 May 2019 )  Share  Web Page

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Nigeria: Promoting Affordable, Sustainable Housing In Nigeria

Promoting Affordable, Sustainable Housing In Nigeria ... the world including South Africa, Ghana and several others in Southern and Central Africa in ...

Source: Leadership (16 May 2019 )  Share  Web Page

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North Africa

Egypt: SODIC's advance cheques for real estate projects reach EGP 4bn

Six of October Development and Investment (SODIC) has advance cheques worth EGP 4bn that have not yet been encashed, according to the company's Managing Director and board member, Maged Sherif. The company obtains advance payments and cheques covers for the full sales value in advance and before the delivery of units to customers. Sherif told Daily News Egypt that the ...

Source: Masress (22 May 2019 )  Share  Web Page

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West Africa

Equatorial Guinea: Public housing in Equatorial Guinea a mirage for the poorest

Most housing (in Equatorial Guinea) does not meet minimum standards, - said the Centre for Affordable Housing Finance in Africa (CAHF) in a report.

Source: The Independent (23 May 2019 )  Share  Web Page

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Ghana: VIDEO: Review of Ghana’s home ownership, mortgage space

Owning a home is a dream many of us can share. But at the core of that dream is a potential nightmare, why?  The cost of acquiring a home can be a tall order and can take a toll on an individual who isn't' financially ready for that herculean task or arduous journey.  (function(){var ...

Source: Myjoyonline (24 May 2019 )  Share  Web Page

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Nigeria: Appraising Abuja Housing Show

... the impact of Abuja International Housing Show (AIHS) and the need for more stakeholders' participation to bolster affordable shelter in the country.

Source: Leadership (29 May 2019 )  Share  Web Page

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Nigeria: Ambode assures applicants housing schemes would be ready in six months

Governor Akinwunmi Ambode of Lagos State on Thursday assured that all housing schemes spread across the state would be ready for residents who applied under the Lagos Home Ownership Mortgage Scheme within the next six months. Ambode, who gave the assurance when he inspected the Igando Lagos HOMS project, said the 492 units scheme was in the final stages of ...

Source: Nigeria Real Estate (News) (17 May 2019 )  Share  Web Page

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Nigeria: FHA inaugurates transitional management committee

The Chairman, Board of Directors of the Federal Housing Authority, Shuaibu Lawal, has inaugurated a three-man Transitional Management Committee to enable the smooth running of the Authority. A statement signed by Mr Lawal, on Thursday, in Abuja, said the development followed the expiration of the Authority’s former management, led by Mohammed Al-Amin, a professor, on May ...

Source: Premium Times (Business) (16 May 2019 )  Share  Web Page

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Nigeria: FG moves to provide housing projects in 34 states, makes national ID criterion

As some government initiated housing projects across the country near completion, the federal government has said plans were afoot to roll out these facilities to eligible Nigerians, pointing out that the criterion for accessing those homes would be the national identity card. The project facilitated under the pilot national housing scheme with funding from ...

Source: Nigeria Real Estate (News) (16 May 2019 )  Share  Web Page

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Nigeria: Five states set to adopt housing law

The housing law comes under the Model Mortgage Foreclosure Law, ... for Affordable Housing Finance in Africa, housing production in Nigeria is at ...

Source: Punch (26 May 2019 )  Share  Web Page

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Sierra Leone: FCC, World Bank to Start Visibility Study for the construction of 5000 Low Cost Houses

... women, children, disable people and the aged with affordable housing facility and also to prevent future disaster across the Freetown Municipality.

Source: Sierra Express Media (28 May 2019 )  Share  Web Page

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East Africa

Ethiopia: GOV’T SHOULD ADDRESS GAPS, BUILD LESS..

Access to urban housing is often discussed in political terms. In a country wrought with a dilapidating shortage of affordable housing, especially in Addis Abeba, it is the symptoms instead of the problem itself that have managed to grab the headlines. This manifested itself when a controversy arose after the Addis Abeba City Administration announced the list of beneficiaries of the low and medium-income housing projects on the outskirts of the capital. This added to an already brewing conflict where urban dwellers have settled in the outskirts of the capital

Source: Addis Fortune (04 May 2019 )  Share  Web Page

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Kenya: HF to cut house loan size in bid to double its lending uptake

By CHARLES MWANIKI More by this Author Mortgage financier HF is turning its focus to affordable housing financing as part of a plan to double its housing loans to 12,000 in the next two years. The lender’s books have in the past year taken a hit in line with the slowdown in the property market, leading to a net loss of Sh598.2 million last year compared to ...

Source: Daily Nation News (27 May 2019 )  Share  Web Page

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Kenya: There’s no silver bullet for affordable housing

Only 19 per cent of families in urban centres across Kenya live in their own houses, with the capital Nairobi having the smallest share of homeowners at nine per cent of the city population.

Source: Business Daily Africa (22 May 2019 )  Share  Web Page

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Kenya: EDITORIAL: Mortgage plan timely

Treasury’s push for the implementation of Kenya’s new mortgage refinancing company to help would-be homeowners who struggle to secure home loans offers hope for many middle income earners who have hitherto been locked out of the mortgage market.

Source: Business Daily Africa (22 May 2019 )  Share  Web Page

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Kenya: Why State affordable housing plan is built on shaky ground

Why State affordable housing plan is built on shaky ground ... small as compared to 31 per cent of GDP in South Africa, said President Kenyatta, ... President Kenyatta has set out to put up 500,000 affordable housing units by 2022 ...

Source: Standard Digital (28 May 2019 )  Share  Web Page

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Kenya: Kenya: Affordable Housing for Urban Poor Vital

By Alfred Nyakinda. The way in which affordable housing for the urban poor is delivered in Kenya and across sub-Saharan Africa will set much of the ...

Source: Science Africa (24 May 2019 )  Share  Web Page

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Kenya: Mondi awards $50000 to a start-up which turns plastic waste into roof tiles

A Kenyan company which turns plastic waste into affordable roof tiles for homes has been given a financial boost by FTSE 100 packaging and paper company, Mondi Group. Eco Blocks and Tiles has been selected by Mondi as the Lead2030 SDG 12 challenge winner and will receive $50,000 in financial investment, plus 12 months of business coaching, to equip the company with the expertise to grow. Lead2030 was launched by One Young World, the global forum for young leaders, in November 2018 to support youth-led innovation to contribute to the United Nations’ Sustainable Development Goals (SDGs). Powered by some of the world’s leading businesses, Lead2030 aims to find, fund and accelerate youth-led solutions for each of the global goals and enable young innovators to scale and accelerate their impact.

Source: Building Products (24 May 2019 )  Share  Web Page

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Kenya: Kenya launches company to increase mortgage uptake

President Uhuru Kenyatta on Wednesday launched the Kenya Mortgage Refinance Company, which seeks to increase the number of mortgages from the current 26,000 to over 60,000 by the year 2022.The World Bank and the African Development Bank have committed a total of 35 billion shillings($345million) towards the joint partnership between the private sector and the governmen

Source: Journalducameroun.com (22 May 2019 )  Share  Web Page

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Kenya: Affordable housing to lift mortgages sector

Kenya has only 26,187 mortgages worth Sh223 billion, which is a mere 2.7 per cent of the gross domestic product, compared to South Africa whose ...

Source: Standard Digital (24 May 2019 )  Share  Web Page

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Kenya, UK: UK and Kenya Host Research Symposium on Affordable Housing

LONDON, United Kingdom, May 22, 2019/APO Group/ -- By 2030, nearly half of Kenyans will be living in cities. With half of Kenya’s population aged under 18, many young people are moving to urban areas in search of jobs, ...

Source: Africa Newsroom (22 May 2019 )  Share  Web Page

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Rwanda: Rwanda plans construction of US$5 billion green city

... sustainable waste treatment, biogas plants, urban forests, mini-factories with clean technologies, affordable housing and integrated craft production ...

Source: Construction and Civil Engineering News (21 May 2019 )  Share  Web Page

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Tanzania: Shortage of land surveyors in Tanzania slows land formalization process

A Tanzanian government senior official told parliament on Monday that shortage of land surveyors is slowing down the country’s land formalization process. Deputy Minister for Lands, Housing and Human Settlements Angelina Mabula said there is a shortage of 1,411 land surveyors. “The demand for land surveyors is currently 2,957 across the country, but we have only 1,546,” she told lawmakers in the capital, Dodoma.

Source: News Ghana (22 May 2019 )  Share  Web Page

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Tanzania: Tanzania to construct 30,000 affordable houses

The government of Tanzania is set to construct 30,000 affordable houses across the country as part of implementation of the election manifesto of the ruling party, Chama Cha Mapinduzi. Minister for Lands, Housing and Human Settlements Development, William Lukuvi confirmed the reports and said the houses will be constructed by state-owned National Housing Corporation (NHC). By ANITA CHEPKOECH More by this Author The government’s housing programme has received a shot in the arm, with the United Nations Habitat programme finalising plans to build about 8,000 units in Mavoko, Machakos County. In the $200 million (Sh20 billion) project, the UN agency seeks to resettle approximately 40,000 slum dwellers from the Nairobi ...

Source: Construction Review (27 Mar 2019 )  Share  Web Page

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Uganda: What changes in house designs reveal about communities

To understand a given society, sometimes all you have to do is look at house designs, building materials and finishings preferred. These are usually an expression of that society’s current socio-economic, cultural and even political state of mind. If you take a step further and dig into that society’s archives by perhaps looking at pictures of its old building designs and styles, you will find patterns that tell a story of that society’s history By LUCAS BARASA More by this Author The government has cautioned Kenyans against dealing with people claiming to be in a position to allocate them houses in the affordable housing programme’s Park Road project at a fee. Housing secretary Patrick Bucha said the department has been alerted of the scam and had reported the matter at Pangani Police Station. ...

Source: Daily Monitor (29 May 2019 )  Share  Web Page

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Southern Africa

South Africa: Unravelling the complexities of land reform in South Africa

Land reform is a broad social challenge that requires the commitment of every ... As a consequence, South Africa has failed to restore land rights to the .... While the housing and agricultural sectors are at the forefront of land reform, ...

Source: Daily Maverick (28 May 2019 )  Share  Web Page

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Lesotho: rise International sets to launch first architecture and design library in Lesotho, Africa

From now until August 1st the African Library Project will be collecting ... the "rise in the City" competition which focuses on affordable housing projects.

Source: archinect.com (28 May 2019 )  Share  Web Page

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Women and Youth

Kenya: Home ownership: features youths look out for

By DELFHIN MUGO For George Watoro, a 26-year-old accountant with a Nairobi-based accounting firm FGC Kenya LLC, owing a home is something that has crossed his mind severally, mostly driven by the need to secure his future and that of his family (when he gets one). His only setback, he says, ready to purchase homes are out of his reach and ...

Source: Daily Nation News (23 May 2019 )  Share  Web Page

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