GAF 2024: Africa’s housing deficit is a ”ticking bomb”, says Shelter Afrique boss
The managing director of Shelter Afrique Development Bank, Thierno Habib has said Africa’s housing deficit is a ” ticking bomb” which needs some urgent attention. Africa’s housing deficit is currently estimated at over 52 million units and is expected to increase as the continent’s population grows, and urbanisation continues. Speaking at the Global Africa Forum … The post GAF 2024: Africa’s housing deficit is a ”ticking bomb”, says Shelter Afrique boss appeared first on Asaase Radio.
The managing director of Shelter Afrique Development Bank, Thierno Habib has said Africa’s housing deficit is a ” ticking bomb” which needs some urgent attention.
Africa’s housing deficit is currently estimated at over 52 million units and is expected to increase as the continent’s population grows, and urbanisation continues.
Speaking at the Global Africa Forum in New York on Wednesday (25 September), Habib called for increased investment and partnership that will help address the current housing deficit.
”Urban development and affordable housing across the continent. And we are really looking at the opportunity for transformation, and for our continent to play its role in the global financial architecture.
”So as a development bank, this is where we come in, as you all know, housing and urban infrastructure are critical to Africa’s development agenda.”
” Playing a pivotal role in improving living standards, driving economic growth and fostering social inclusion with Africa’s urban population projected to exceed 50% by 2050. The continent faces an escalating housing crisis which is really a ticking bomb on all of us, currently experiencing a deficit of over 53 million housing units needed across the continent,” Habib said.
The Africa Prosperity Network (APN), organizers’ of Africa Prosperity Dialogues (APD), in collaboration with Africa-America Institute (AAI), a premier U.S.-based international organization dedicated to strengthening the human capacity of Africans, will jointly host the second edition of the Global Africa Forum (GAF) on the sidelines of the 79th session of the United Nations (UN) General Assembly in New York City, United States of America.
The Global Africa Forum serves as a platform for connecting the African continent with its diaspora to foster collaboration and take advantage of economic opportunities aligned with the African Union’s Agenda 2063.
The Forum will, among others, seek to connect the skills, technology, and financial investments of Global Africans to the development of key sectors, such as energy, health, education, housing, transportation, and digital infrastructure, on the African continent.
The Global Africa Forum will also seek to unpack US-Africa economic policies that have the potential to create funding opportunities for large-scale infrastructure projects that will help to connect and integrate the African continent.
The maiden edition of the forum, held last year (2023), witnessed the launch of the Global Africa Network by President Nana Addo Dankwa Akufo-Addo, with the support of notable personalities such as Ahunna Eziakonwa, United Nations Assistant Secretary-General and Director, Regional Bureau for Africa.
Reporting by Fred Dzakpata in Accra
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The post GAF 2024: Africa’s housing deficit is a ”ticking bomb”, says Shelter Afrique boss appeared first on Asaase Radio.
