Rising urbanization, population growth, and increasing affluence are just some of the contributing factors for a booming demand for affordable housing in the region. Cities are growing rapidly across the continent. And the accelerated urban transition means ever-growing numbers of citizens are looking for (increasingly scarce) housing and shelter. Kenya’s own housing shortage is currently estimated to stand at 2 million units alone.
The choice of Kenya (Nairobi) as the location for Open Africa’s Affordable Housing East Africa event is particularly appropriate given the government’s renewed commitment to building 500,000 affordable houses over the next 5 years (a central pillar of President Kenyatta’s 2018 Big Four Agenda for economic development). Rwanda, Tanzania, and Uganda all have their own schemes in place to address one of the region’s major issues.
Leading stakeholders will convene in Nairobi on 30 April at Open Africa’s invite-only event. The audience will comprise government entities, housing policy & planning specialists, financiers, private developers, contractors, and engineers. Key procurement and development challenges connected with developing large-scale public housing programs across the region will be debated (including issues related to the availability of land, high cost of construction materials, interest rates for loans and the need for a robust and viable rental market).
Open Africa is holding the event in partnership and with the support of the Kenya Green Building Society.