Browsing: UN-Habitat

The Stalled Saglemi Housing project in Ghana Pinterest
  • The World Bank data shows remittances by Africans in the diaspora hit over $95.6 billion in 2021 with Nigeria, Ghana, and Kenya among the highest recipients of the inflows.
  • Africa has a housing deficit of about 56 million units driven largely by urbanization and population growth, which has left governments struggling to meet the demand for affordable units.
  • Many of the 40,000 people moving to African cities every day cannot afford basic formal housing or access loans to acquire homes.

Pan African housing development financier, Shelter Afrique, is targeting Africans living and working abroad to enhance the delivery of affordable housing agenda across the continent.

Shelter Afrique managing director Thierno-Habib Hann said over 170 million people of African descent that live and work in various countries across the world present a formidable resource pool for the continent’s infrastructure development, including housing.

“African diaspora populations are growing, as are their savings …

Dakar hosts European investors as EIB commits €3 billion

The Senegalese capital of Dakar is hosting Africa Day 2020 with the European Investment Bank (EIB) and UN-Habitat presenting various opportunities for investors, with an aim of increasing levels of investment in the housing and habitat in the continent.

Africa Day gathers participants from Africa, Europe, and others parts of the world to debate the challenges and solutions for the continent in development, digitalization, sustainability, jobs for young people and many other areas. “Cities for people” is the main topic at EIB Africa Day conference.

More than 400 government ministers, business leaders, academics and civil society representatives, as well as mayors from across Africa, are sharing sustainable urban development best practice, confirm new investment across the continent and visit high impact projects financed by the EIB.

High-level speakers, from Africa and Europe, will attend Africa Day 2020 to share their experiences and expertise. EIB President Werner Hoyer, EIB Vice-President Ambroise …