World Bank Warns of a Looming Urban Housing Crisis in Africa

December 16, 2015 • Daily Email Recap

World Bank warns of a looming urban housing crisis
The report dubbed, ‘Stocktaking of the Housing Sector in Sub-Saharan Africa’ notes that the continent faces a major housing crisis due to rapid urbanization and a growing slum population.
“Adequate quality housing is critically important for economic growth and social inclusion,” said Mamta Murthi, the World Bank Group’s Acting Vice President for Africa.
He said African governments need to join hands with the private sector to facilitate investments in housing by expanding access to and improving the quality of existing stock, while at the same time making it easier for people to access land and housing finance.

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