The Kenya Mortgage Refinance Company (KMRC) has been praised for playing a major role in advancing President William Ruto’s affordable housing plan under the Bottom-Up Economic Transformation Agenda (BETA). The …
Affordable Housing
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BusinessEastern AfricaGovernment PolicyInfrastructureReal Estate
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BusinessEnvironmentHousingInfrastructureInnovationNigeria
Nigerian Innovator Pushes Cargo Container Homes to Solve Housing Deficit
A Nigerian construction expert, Oludare Gbenga, has proposed the use of disused cargo containers as an affordable solution to the country’s massive housing shortage. Gbenga, who is the founder of …
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DevelopmentEconomyNigeriaReal Estate
Lagos Housing Market Under Pressure as Rents Keep Rising and Affordable Homes Remain Scarce
The rental market in Lagos has been described as unstable, unpredictable, and filled with hidden rules that many tenants do not understand. This was revealed in the third edition of …
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EconomyGOVERNMENTHousingInfrastructureReal EstateUrban Development
Nigeria Announces N70 bn Urban Housing Fund to Reduce Deficit
The Federal Government of Nigeria has raised over N70 billion to fund large-scale housing developments across urban centres in the country, using Public-Private Partnerships (PPPs) as a major source of …
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Business and EconomyDevelopmentDiasporaHousingReal Estate
FMBN Offers Mortgage Loan to Nigerians in Diaspora
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a special mortgage loan for Nigerians living abroad. The new product, called the Diaspora Mortgage Loan, was officially launched by the …
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Finance & ServicesGOVERNMENTLeadershipNigeriaPoliciesReal Estate
AHCN Appoints Chime Obiora as Chairman, Board of Trustees
The Association of Housing Corporations of Nigeria (AHCN) has appointed Chime Obiora as the new Chairman of its Board of Trustees. His appointment follows the death of the former chairman, …
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DevelopmentNewsNigeriaPoliciesReal Estate
Africa International Housing Show Partners Federal Housing Ministry for 2025 Edition in Abuja
The organisers of the Africa International Housing Show (AIHS) have announced a major collaboration with the Federal Ministry of Housing and Urban Development for the 19th edition of the event, …
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Finance & ServicesGOVERNMENTINVESTMENTReal Estate
Homebase Mortgage Bank Gets N3.5bn Boost from FG to Expand Affordable Housing Loans
Homebase Mortgage Bank has received a major financial injection of N3.5 billion from the Ministry of Finance Incorporated (MOFI) under the Real Estate Investment Fund On-Lending Facility (MREIF). The move …
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DevelopmentEconomyGOVERNMENTINVESTMENTReal Estate
FG to Build 77,400 Social Housing Units and Launch Renewed Hope Cities in Lagos, Abuja, and Kano
The Federal Government of Nigeria has announced a major housing initiative aimed at reducing the country’s housing deficit. Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the government plans to …
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DevelopmentGOVERNMENTInfrastructureMarketsPoliciesReal Estate
Lagos Moves to Tackle High Rent, Housing Shortage With Monthly Payment Plan
The Lagos State Government has stepped up efforts to tackle the rising housing crisis across the state, especially as many low- and middle-income earners continue to struggle with skyrocketing rents. …