MOBILIZING LONG TERM RESOURCES FOR AFFORDABLE HOUSING IN AFRICA

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MOBILIZING LONG TERM RESOURCES FOR AFFORDABLE
HOUSING IN AFRICA

• Presentation by Tumwesigye Runazi Robert (MSc.
  Civil Eng), Director, REAL Contractors s.a.r.l.
  Kigali, Rwanda.

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Pictorials

• Our projects in Kigali- what was done in the
  past, - what we are doing now,- and what
  we are planning to do in the short-Medium term.

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My views on how affordable housing can be
achieved in Africa Challenges

• Very stringent conditions that need to be
  customized to suit local conditions and policies
  e.g. generic collaterals like land titles,
  government guarantees and others
• Thanks to the establishment of Rwanda Housing
  bank, which should be used by multinational
  lenders to leverage financial resources. And
  because it is local, it is parternering with
  developers to make an impact.
• But intermediaries can at times make resources
  unaffordable as they try to make a profit.

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• Inadequate development of infrastructure and
  other basic facilities e.g. sewerage disposal
  systems, roads and portable water in some densely
  populated areas
• It is therefore important that in providing the
  above infrastructures, initiatives like public
  private partnerships may be explored their
  complimentary strengths can yield sustainable
  housing out comes.

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• Rising costs of building materials due to global
  factors e.g. steel, which is a basic raw material
  in building construction.
• Research into use of locally available raw
  materials like stones and the different types of
  rocks should be made a priority, otherwise
  affordability of housing may not be sustainable.
• Thanks to the initiatives of Kigali Institute of
  Science and Technology (KIST) in venturing into
  this kind of research. Such projects should be
  supported by both the public and private sector
  stakeholders.

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• Lack of awareness about where and how to get
  financial resources by most developers, due to
  absence of financial institutions in many parts
  of Africa.
• The likes of RHB and others on the continent will
  certainly need to increase their awareness
  campaigns in order to bridge the existing
  awareness gaps