Housing |

DECLARATION OF THE MEMBERS OF THE AFRICAN UNION FOR HOUSING FINANCE (AUHF) FOLLOWING THE ANNUAL GENERAL MEETING HELD IN ABUJA, NIGERIA ON 16 SEPTEMBER 2016

We, the members of the African Union for Housing Finance, having met with colleagues from the public and private sectors from over twenty countries over the past three days, and having held our 32nd annual general meeting in Abuja, Nigeria, on 16 September 2016, express our commitment to driving investment in Africa’s housing sector so that it contributes substantially to Africa’s growth agenda. We note: Affordable housing delivery to meet an ever increasing demand presents…

Africa’s Biggest Pension Fund Invests $730 Million in Home Loans

Posted on by The Editorial Team

South Africa, Capital Markets in Africa: South Africa’s Government Employees Pension Fund, the continent’s largest, invested 10.5 billion rand ($730 million) in mortgage provider SA Home Loans Ltd. to boost government workers’ access to housing. The investment will be done by the Public Investment Corp. on behalf of the GEPF, according to a statement distributed in Johannesburg on Wednesday. Of the funds, 5 billion rand is earmarked for civil servants, 2 billion rand will be allocated to affordable…

Zimbabwe: Multi-currency revives housing projects

Posted on by The Editorial Team

The introduction of the multi-currency regime in the country revived the construction industry in Zimbabwe resulting in a boom in housing developments, especially in Harare where statistics show that over 15 000 housing stands have been developed since 2009. Housing development had been constrained in the last days of the Zim dollar. The construction of houses in Harare has become a noticeable feature whichever side of the city one decides to pass through. There are…

Egypt, Arabtec near agreement on $40 bln housing project: govt

Posted on by The Editorial Team

Egypt’s housing ministry and Dubai’s Arabtec have agreed some of the terms for a $40 billion project to build one million homes across the country, and they will sign a final contract within 10 days, a ministry spokeswoman said on Tuesday. Earlier this month, the housing minister said he hoped to conclude a deal for the mega development – seen as part of economic and political support to the country by the United Arab Emirates…