• About
  • Contact
Thursday, September 18, 2025
  • Login
No Result
View All Result
NEWSLETTER
Now Then Digital
  • HOME
  • NEWS
  • POLITICS
  • BUSINESS
  • TECH
  • ENTERTAINMENT
  • LIFESTYLE
  • TIPS & ADVICE
  • HOME
  • NEWS
  • POLITICS
  • BUSINESS
  • TECH
  • ENTERTAINMENT
  • LIFESTYLE
  • TIPS & ADVICE
No Result
View All Result
Now Then Digital
No Result
View All Result
ADVERTISEMENT
Home Business

Shelter Afrique Targets African Diaspora for Affordable Housing Delivery

According to the African Development Bank, Africa's infrastructure needs amount to $130–170 billion a year, with a financing gap in the range of $68–$108 billion.

Now Then Digital by Now Then Digital
April 13, 2023
in Business, News
Reading Time: 5 mins read
1 0
A A
0
nowthendigital shelter afrique affordable housing delivery
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter

Shelter Afrique, a pan-African housing development financier, is looking to tap into the African diaspora to improve affordable housing delivery across the continent.

CUPERTINO, CALIFORNIA | NOW THEN DIGITAL — Shelter Afrique, the pan-African housing development financier, is eyeing the African Diaspora as a potential source to boost the delivery of affordable housing solutions throughout the continent.

  • In an address at the 25th Annual Harvard Africa Business Conference 2023 – Africa Accelerated, Shelter Afrique Managing Director, Mr. Thierno-Habib Hann, shared insights on innovative solutions for addressing Africa’s housing deficit.
  • Mr. Hann noted that the African diaspora presents a formidable resource pool for the continent’s infrastructure development, including housing. Over 170 million people of African descent that live all over the world, including in the top ten highest recipients of remittance inflows in Africa such as Nigeria and Ghana, save approximately $53bn per year.
nowthendigital shelter afrique african diaspora affordable housing
Shelter Afrique Managing Director, Mr. Thierno-Habib Hann (R), shared insights on innovative solutions for addressing Africa’s housing deficit.

Speaking at the 25th Annual Harvard Africa Business Conference 2023 – Africa Accelerated, Shelter Afrique Managing Director, Mr. Thierno-Habib Hann, shared insights on innovative solutions for tackling Africa’s housing deficit.

According to Mr. Hann, there are over 170 million people of African descent residing globally, providing a vast pool of resources for the continent’s infrastructure development, including housing.

The World Bank estimates that Africans in the diaspora save around $53 billion annually, and in 2021, recorded remittances exceeded $95.6 billion sent to and within Africa. In 2021, Nigeria was the highest recipient of remittance inflows in Africa, followed by Ghana and Kenya.

“African diaspora populations are growing, as are their savings and the scale of resources available to reinvest in their countries of origin. The World Bank estimates Africans in the diaspora save about $53bn per year and, in 2021, recorded remittances reached over $95.6bn sent to and within Africa,” Mr. Hann said.  

Shelter Afrique is exploring the potential of tapping into the diaspora for affordable housing delivery by establishing diaspora bonds for affordable housing and infrastructure development, skills transfer, and leveraging on their networks and outreach.

In recent years, five countries, including Kenya, Nigeria, Ethiopia, Ghana, and Rwanda, with an estimated total diaspora population of four million individuals, or 12 percent of total African migrants, have issued diaspora bonds.

Africa is home to one of the most rapidly growing urban populations, with over 60% of the urban population in sub-Saharan Africa living in areas classified as slums and informal settlements. The UN predicts that Africa’s urban population will increase to 1.5 billion by 2050, with the continent reaching the tipping point of 50% urban population around 2035.

ADVERTISEMENT

Currently, Africa faces a housing deficit of at least 56 million units, reflecting the continent’s growing infrastructure gap, which can be attributed to a lack of sufficient capital to finance affordable housing projects, a lack of bankable projects, and inefficient risk allocation mechanisms.

Shelter Afrique believes incorporating the diaspora into the affordable housing financing mix is a crucial step in addressing the housing deficit and boosting infrastructure development.

Youmight also like

Uganda Airlines and Air India partner for seamless travel across Africa and Asia.

Uganda Airlines partnership with Air India opens gateway to ‘Pearl of Africa’

September 18, 2025
Uganda Airlines plans retirement of Bombardier CRJ-900 fleet.

Uganda Airlines Plans Retirement of Bombardier CRJ-900 Fleet Amid Maintenance Challenges

September 15, 2025
Kampala ceremony marks milestone in Uganda–Aga Khan partnership.

Aga Khan University opens in Kampala with promise of better healthcare and education

September 12, 2025
Zari shuts down paternity rumours after Diamond’s remarks.

‘They’re his’ – Zari Hassan on children with Diamond Platnumz

September 5, 2025

According to the African Development Bank, Africa’s infrastructure needs amount to $130-$170 billion annually, with a financing gap in the range of $68-$108 billion. To date, less than half of this amount has been mobilized, leaving a substantial financing gap.

Editor’s Note: If you find any of our content to be inaccurate or outdated, please contact us at press@nowthendigital.com

You’re reading nowthendigital.com — which breaks the news about Uganda, Kenya, Nigeria, South Africa and the rest of the world, day after day. Be sure to check out our homepage for all the latest news, and follow NOW THEN DIGITAL on YouTube, Google, Web Stories, Google News, Medium, LinkedIn, Twitter, Reddit, Pinterest, Linktr, Buy Me a Coffee, and Flipboard to stay in the loop.

Source: Now Then Digital
ADVERTISEMENT
Now Then Digital

Now Then Digital

Now Then Digital offers breaking news and opinion articles, giving you a unique opportunity to see what goes on behind the scenes in Uganda, Kenya, Nigeria, South Africa and elsewhere.

Recommended For You

Uganda Airlines and Air India partner for seamless travel across Africa and Asia.
News

Uganda Airlines partnership with Air India opens gateway to ‘Pearl of Africa’

by Wafula Steven
September 18, 2025
Uganda Airlines plans retirement of Bombardier CRJ-900 fleet.
Business

Uganda Airlines Plans Retirement of Bombardier CRJ-900 Fleet Amid Maintenance Challenges

by Now Then Digital
September 15, 2025
Kampala ceremony marks milestone in Uganda–Aga Khan partnership.
News

Aga Khan University opens in Kampala with promise of better healthcare and education

by Wafula Steven
September 12, 2025
Zari shuts down paternity rumours after Diamond’s remarks.
Entertainment

‘They’re his’ – Zari Hassan on children with Diamond Platnumz

by Kisitu Peter
September 5, 2025
ADVERTISEMENT

Related Articles

Uncover Skincare Products expanding africa

Uncover Skincare Raises USD1 Million, Eyeing Expansion Across Africa

3 years ago
nowthendigital.com__iphone 11 pro max review

Apple Review: Is iPhone 11 Pro Max Worth Buying In 2022?

3 years ago
azawi ten over ten

Swangz Avenue’s Azawi Releases New Love Song “Ten Over Ten”

2 years ago

Popular News

  • Uganda Airlines and Air India partner for seamless travel across Africa and Asia.

    Uganda Airlines partnership with Air India opens gateway to ‘Pearl of Africa’

    0 shares
    Share 0 Tweet 0
  • Uganda Airlines Plans Retirement of Bombardier CRJ-900 Fleet Amid Maintenance Challenges

    0 shares
    Share 0 Tweet 0
  • Aga Khan University opens in Kampala with promise of better healthcare and education

    0 shares
    Share 0 Tweet 0
  • US rapper Lecrae to perform in Kigali for the first time

    0 shares
    Share 0 Tweet 0
  • ‘They’re his’ – Zari Hassan on children with Diamond Platnumz

    0 shares
    Share 0 Tweet 0

Connect With Us

Join our Newsletter

Who We Are

Now Then Digital | Breaking News from Uganda & Africa

Latest headlines from Uganda, Africa & the world. Explore politics, entertainment, sports, finance & more on Now Then Digital.

Sign Up For Our Newsletter

Now On Pinterest

Azawi Live At Serena dates and venue announced

Azawi Confirms 'Azawi Live At Serena' Concert

Rema Afrobeats Award At 2023 MTV VMAs

Rema and Selena Gomez Make History: First Afrobeats Award at 2023 MTV VMAs

Ayra Starr goes diamond in France

Nigerian Singer Ayra Starr's 'Rush' Earns Diamond Certification in France

From Our Partners

  • Editorial Policy
  • Disclaimer
  • Corrections Policy
  • Fact-Checking Policy
  • DMCA Policy

© 2025 Now Then Digital - Breaking News from Uganda, Kenya, Nigeria & South Africa.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
    • Movies
    • Music
    • Sports
  • Lifestyle
    • Fashion
    • Travel
    • Tech
  • Health
  • Food

© 2025 Now Then Digital - Breaking News from Uganda, Kenya, Nigeria & South Africa.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.