Browsing: Affordable Housing Programme

• From ports to railways, Tanzania’s investment in infrastructure is on the rise post-pandemic.
• Tanzania is constructing a $1.9 billion railway which is part of 1,219-kilometer railway network.
• Shelter Afrique reports that Tanzania’s housing needs is at an estimated 200,000 units per year.

With a market value estimated at over $27.1 billion and an estimated annual growth in excess of 6 per cent, a construction boom is taking shape in Tanzania.

Granted these figures have dropped since the Covid-19 global economic slump but nonetheless, recovery is well underway. During the Covid-19 slowdown, data from the Bank of Tanzania shows that credit to the construction sector declined by 11.9 per cent. In 2021 loans to businesses and agriculture declined by 10.3 per cent and 8.1 per cent, respectively.

However, given the fact that Tanzania has placed public works among its top priorities, the sector is recovering rapidly. Annual investment in building infrastructure …

The affordable housing sector in Kenya is well set to provide attractive opportunities to investors.

This is according to Vivian Ombwayo, Director of Research and Valuation at Broll Kenya who said this will be driven by the government’s investment in the 2021-22 national budget into the sector, combined with attractive incentives for private developers.

Commenting on the same, Jess Cleland, COO Outside of SA, Valuations & Intel at Broll said the affordable housing sector in Kenya offers developers an opportunity to diversify their portfolios, especially those concentrating on the commercial-user space.

“It means they are able to diversify into the residential sector, thanks to attractive government incentives,” he added.

Vivian and Cleland spoke when they presented a research report on the sector at the eighth annual East Africa Property Investment (EAPI) Summit.

The experts added that the abundant housing opportunities in Kenya also allow complementary users to be included in …

Global emphasis on ‘stay at home’ orders has affirmed the strategic position of housing as the frontline defence against spread of the novel coronavirus.

Having a roof over your head has never before been critical in providing protection against contracting and spreading a virus as it is now.

Housing is today helping to keep many from the deadly bug by allowing populations meet essential requirements like physical distancing and quarantine for those infected in COVID-19.

In Kenya, where fixing housing deficit is still a pipe dream, many households are exposed to the dangers of the pandemic especially the poor living in informal settlements.

Currently, the recommended social distancing is a mirage, an unimaginable luxury for slum dwellers who live in already crowded areas where large families are forced to share a single and quite smaller rooms.

For instance, picture out how two-thirds of 4.4 million would achieve social distancing on …