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The pressing housing crisis in Africa, the challenges stemming from rapid urban population growth and the acute shortage of affordable housing contribute significantly to Africa’s housing problem. The continent’s cities, exemplified by Kinshasa’s daily addition of over 1,000 people to its population, are grappling with the strain of this unprecedented growth. Financing challenges emerge as critical barriers, with under-developed mortgage markets and a dearth of capital in African countries hindering the availability of affordable housing. Private sector players encounter difficulties in accessing affordable finance, reflecting the overall lack of savings in countries like Kenya.

In response to these challenges, the document highlights the potential of innovative construction methods and digital technology as avenues for progress. Companies are exploring alternative building methods and unconventional construction materials, such as wooden buildings that act as carbon stores, to mitigate the environmental impact and address the housing challenge. Moreover, digital platforms like iBUILD are positioned as game-changers in improving transparency and efficiency in the housing market, offering potential solutions to the crisis.

Overall, there is a highlight of the urgent need for comprehensive and innovative approaches to tackle Africa’s housing crisis. It emphasizes the necessity of addressing the financing challenge, exploring alternative construction methods, and leveraging digital technology to improve transparency and efficiency in the housing market. These efforts are crucial in addressing the housing shortage and ensuring the availability of affordable and sustainable housing for the continent’s growing urban population.

Payton, B. (2023) ‘Africa’s housing crisis: developers seek to scale solutions’, African Business Magazine. Available at: https://african.business/2023/07/resources/africas-housing-crisis-developers-seek-to-scale-solutions/ (Accessed: 02 August 2023)
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