Tag: affordable housing
Nigeria is looking to plug its housing deficit with a new initiative called the Family Homes Financing Initiative. Owing property in Nigeria usually comes with huge lumpsum payments and the hurdles are usually higher for the first-time homeowner. Rolake Akinkugbe-Filani, Chief Commercial Officer of Mixta Africa joins CNBC Africa’s Kenneth Igbomor to discuss how the obstacles to owning a home in Nigeria could be whittled down.
After an ambitious low cost housing project in partnership with the Government of Rwanda kicked off construction last summer, contractor Remote Group has committed to trying to make even more affordable housing for the people of Rwanda. Now that the world is facing a pandemic and the economy is bound to suffer; what does that spell for affordable housing efforts? CNBC Africa spoke to Remote Group MD, Trevor Green for more.
Just over 2 years ago, when Kenyan President Uhuru Kenyatta began his second term in office, he released his development blueprint for Kenya, known as the Big 4 Agenda. The plan outlines 4 pillars of development: Food security, affordable housing, universal health care and manufacturing – but now with only about two and half more years to go, how much of the blueprint has the Government achieved and what comes next? Journalist, Joseph Bonyo joins CNBC Africa for more.
As Nigeria strives to meet the targets of the Sustainable Development Goals; Omoh Odunbaku, Human Settlement Officer of the Regional Office for Africa at the UN-Habitat joins CNBC Africa to discuss urbanization and the challenges of achieving affordable housing in Nigeria.
The cost of housing in Africa’s cities is largely unbearable to residents with figures from the UN indicating that over 55 per cent of African households spend their income on housing. How can the issue of affordability be addressed? Joining CNBC Africa for more is Maimunah Mohd Sharif, Executive Director at UN Habitat.
Mixta Nigeria has listed a 5.28billion naira bond on the Nigerian Stock Exchange. The real estate firm noted that the funds from the bonds will be directed towards creation of affordable housing. Kola Ashiru-Balogun, Managing Director at Mixta Nigeria joins CNBC Africa to discuss the details.