HOUSING Archives - Gambeta News

AHCN SAYS NIGERIAN HAS ONE OF THE LOWEST HOME OWNERSHIP RATE

Posted on October 11, 2022 by Gambeta News

The Association of Housing Corporations of Nigeria (AHCN) has decried Nigeria’s low homeownership rate, saying the country ranks lowest at 25 percent, especially when compared to Brazil (74 percent), Kenya (75 percent), South Africa (70 percent) and Indonesia (84 percent). Speaking on the occasion of this year’s World Habitat Day with the theme: “Mind the Gap: Leave No One and Place Behind, President of AHCN, Dr. Victor Onukwugha, said it was sad that at 62…

EGYPT’S HOUSING INITIATIVE GETS MAJOR BOOST

Posted on December 29, 2020 by Gambeta News

Egypt’s President Abdel Fattah Al-Sisi directed, on Sunday, for the first phase of the Decent Life Initiative to be extended, to develop about 1,500 villages nationwide. The first phase extension will come at a cost of about EGP 500bn, and will add to the 400 villages that have already undergone development as part of the initiative. The Presidential move comes within the plan to develop all Egyptian villages within three years. President Al-Sisi’s instructions came…

PUBLIC UNHAPPY AS LAWMAKERS APPROVE HOUSING LOAN FUND IN GAMBIA

Posted on December 1, 2020 by Gambeta News

The public are unhappy with lawmakers for approving a D54milliin housing loan fund when their tenure is almost over. The loans scheme is designed to help them build their houses that were given to them by the government. But the latest news has not be received by the public as many Gambians described the incident as “self-interest.” Lawmakers made the decision after 16 National Assembly Members (NAMs) voted against a loan scheme which was moved…

RSSB ANNOUNCED HOUSING PLAN FOR RWANDA CITIZENS

Posted on November 25, 2020 by Gambeta News

Rwanda Social Security Board (RSSB) has announced it’s plans to address growing deficit of affordable housing in the City of Kigali. The plans involves targeting availing properties valued at not more that Rwf35m which is the threshold for affordable houses in the country according to Rwanda Housing Authority. The pension body will avail land for the firms to set up model houses for exhibition and invite RSSB subscribers to select the most ideal houses on…

GHANA ELECTIONS: PRESIDENT NANA COMMISSIONS 240 HOUSES

Posted on October 29, 2020October 29, 2020 by Gambeta News

Ghana’s President Nana Akufo-Addo commissions 240 houses as part of the National Mortgage Finance Initiative. A well planned attempt to woe voters as He seeks a second term bid for the top job! Ghana will vote a new president on 7 December 2020. The program is to scale up across districts with 4 more years.

ZIMBABWE GOVT. CONSIDERING HOUSING SCHEME FOR SELF-EMPLOYED INDIVIDUALS

Posted on October 1, 2020 by Gambeta News

In a bid to help the housing industry in the nation, Zimbabwe government is looking at the possibility of having a housing program for self-employed individuals. The program will see those individuals that can repay those loans be part of the scheme. Speaking during a legislative meeting at the nation’s National Assembly, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said they are making plans for a traditional mortgage financing that is tailor-made for those in…

SEYCHELLES GOVT. CONFIRMED COMPLETION OF 14 PROJECTS UNDER 24-24-24 PLAN

Posted on August 4, 2020 by Gambeta News

The nation principal secretary for infrastructure, Benjamin Choppy, made the statement while speaking with media about the project. According to Choppy, despite delays with the 24-24-24 plan, the housing ministry was satisfied with the progress made as more than half of the projects have been delivered as at July 2020. Quoting choppy, “Altogether we have allocated 326 units out of 575 that we have planned to build under the 24-24-24 project, which represents 13 housing…

COVID-19 PANDEMIC SHOWCASING NAMIBIA’s POOR HOUSING SYSTEM

Posted on July 21, 2020 by Gambeta News

As the pandemic keeps spreading with new cases recorded on a daily basis, so many aspect of a country failing system has been put on spotlight. In Namibia, the country housing sector has taken a rapid decline since the covid-19 pandemic began as resident in some region is having serious challenges especially Walvis Bay residents. Speaking to the media, Mike Kavekotora said Walvis Bay residents needs urgent attention, suggesting rescue measures should be implemented to…

NATIONAL HOUSING ENTERPRISE TO SPEND US$696K ON INFORMAL HOUSING

Posted on April 24, 2019April 25, 2019 by Gambeta News

Namibia plans to spend over USD 696,000 on housing needs for low and middle income citizens. National Housing Enterprise (NHE) is a state-owned company providing housing solutions that alleviates Nambia’s housing needs. The company recently announces its plan to spend over USD 696,000 in constructing and upgrading houses in an informal settlement in Windhoek – the nation’s capital. The construction will kick-off at Windhoek’s Katutura and Otjomuise townships before moving to other towns. Beneficiaries of the project are low…

EGYPT HOUSING MINISTRY SET TO ESTABLISH 1.1M RESIDENTIAL UNIT

Posted on April 11, 2019 by Gambeta News

Ministry of Housing considering establishing a 1.1m residential unit by implementing the sustainability concepts in Egypt. Ministry of Housing in Egypt is making plans to build 1.1million residential unit over the next five years. This is after the newly established urban communities became one of the engines of economic growth in Egypt. The Ministry is only waiting for the recommendation form the LafargeHolcim Forum. This forum which is in its 6th year was focus on “Re-materializing construction” in…

SOUTH KOREA SUPPORTS KENYA’S AFFORDABLE HOUSING AGENDA

Posted on July 24, 2018 by Gambeta News

South Korea has vowed to support Kenya’s affordable housing agenda. Other initiatives which include energy, agriculture and healthcare; this is after the Prime Minister Lee Nak-yeon visited the country and expressed interest. Affordable housing is among the four development pillars that President Uhuru Kenyatta. The Big Four initiative will see 500,000 homes developed in the next five years. Recently, 300 acres of land were set aside by Tatu City for the construction of 10,000 affordable…

SOUTH AFRICA TO CONSTRUCT 6,000 HOUSES BY 2019

Posted on November 10, 2017 by Gambeta News

South Africa plans construction of 6,000 housing units by 2019. The South African Minister for Human Settlements, Lindiwe Sisulu, at recently concluded 11th Annual Govan Mbeki Awards, confirmed that the department is set to construct 6,000 houses in South Africa by 2019. She said the department had already delivered over 4.6 million houses and subsidies. Sisulu said, said the department have constructed 1,029 houses per day and if this figure is multiplied by an average family of…

SOREDON TO TACKLE HOUSING DEFICIT IN NIGERIA

Posted on November 2, 2017 by Gambeta News

SOREDON have emerged to support Nigerian government at all levels in tackling its huge housing shortfall. The Society of Real Estate Developers of Nigeria (SOREDON) have pledged to support Nigerian government in tackling the prevailing housing deficit (valued at 17 million units) in the country by planning to construct and deliver 10,000 housing units in each of the country’s 36 states plus the Federal Capital Territory (FCT). This plans are said to be subject to…

WAEMU SECURE HOUSING LOAN FROM WORLD BANK

Posted on October 20, 2017 by Gambeta News

World bank give loan of US $155m to WAEMU for its housing development. West Africa economic and monetary union (WAEMU) has gotten an assistance from the world bank to help improve its housing. The west Africa regions include Benin, Burkina, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo is expected to have the housing shortage increase to a reasonable amount. World Bank Country Director for West Africa Regional Operations, Rachid Benmessaoud; ”That one dollar of IDA will…