Africa is facing housing crisis, Shelter Afrique says

Majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization and low supply of affordable housing, the Pan-African housing development financier, Shelter Afrique, has said. Speaking in Nairobi at the inauguration of Karibu Homes, a low-cost housing project financed by the organization, Shelter Afrique Chairman Daniel Nghidinua said the situation is compounded by lack of affordable housing finance, high cost of urban land and weak tenure security, rising construction costs, and rapid growth in slums. The company is now calling for a…

Africa governments challenged to focus on private-sector led growth

Africa will only achieve the much-needed growth and open the continent for investment if it properly taps the power of the private sector, a continental investment conference bringing together leading business leaders has been told. “Africa has to move away from state-led economic development.  Many African states seem to focus on the idea that government needs to be at the forefront of the industry,” Mmusi Maimane, leader of the Democratic Alliance, Republic of South Africa, told the ongoing 5th  African Legal Network (ALN) Africa Investment Conference in Dubai.  “The next…

Survey: 40pc of car insurance policies in Nairobi might be fake

One customer said she had an accident and when she went to claim, she was told that the insurance company did not have her details in their system, despite having paid for the premiums. 40 percent of motor vehicle insurance policies in Nairobi exist only on paper according to research released by insure tech company Bismart. It reveals that a sizeable number of Kenyan drivers could be holding fake car insurance despite having paid for the cover. The research showed that 22 percent of motor vehicle insurance policies could not…

3M online jobs to be created in Kenya by 2025

Kenya is expected to have a bigger share of 3 million jobs projected to be created in an online marketplace in Africa by 2025. Boston Consultant Group says this will be aided by government involvement in creating policies that will enhance trust between e-commerce vendors and customers. Online Marketplaces in Kenya has for the past decade given physical stores a run for their money. This has been primarily supported by increased internet access where Kenya boasts of a penetration rate of 89 percent according to Communications Authority data. Boston Consultant Group’s Managing Director Mills…