Unlocking Africa’s housing potential with local capital & PPPs

Africa is facing a staggering housing deficit of over 52 million units, a crisis that demands innovative financing solutions. One key approach to addressing this challenge is leveraging local capital, pension funds, and Public-Private Partnerships (PPPs) to drive sustainable urban development from within the continent. CNBC Africa recently spoke to Thierno-Habib Hann, the Managing Director and CEO of Shelter Afrique Development Bank, for insights on how Africa can tap into its potential and bridge the housing gap. Thierno-Habib Hann emphasized the critical role that local capital plays in addressing Africa's housing shortage. With the right investment strategies and partnerships, African countries can unlock their own resources to fund affordable housing solutions. By mobilizing pension funds and engaging in PPPs, governments and private sector stakeholders can work together to build the necessary infrastructure for sustainable urban development. During the interview, Hann highlighted the importance of collaboration and innovation in the housing sector. He stressed the need for creative financing models that allow for greater accessibility to housing for all segments of the population, including low-income earners. By thinking outside the box and exploring new avenues for funding, Africa can make significant strides in closing the housing deficit and promoting inclusive growth. One key aspect of the discussion was the potential for public-private partnerships to drive housing development in Africa. By bringing together the expertise and resources of both sectors, PPPs have the capacity to deliver high-quality housing projects that meet the needs of local communities. These partnerships can also lead to job creation, economic growth, and improved living conditions, making them a vital component of Africa's urban development strategy. In conclusion, Thierno-Habib Hann's insights shed light on the opportunities and challenges facing Africa's housing sector. By harnessing local capital, pension funds, and PPPs, the continent can pave the way for sustainable urban development and address the pressing need for affordable housing. With collaboration, innovation, and strategic investment, Africa has the potential to transform its cities and unlock a brighter future for its residents.