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I SEE MONEY IN AFRICA I SEE MONEY IN AFRICA

sector
17. Develop tech application software and accessories for
agricultural development I SEE MONEY IN AFRICA’S

HOUSING SECTOR

In an article that was published by the
International Finance Corporation, it was
established that over 40,000 people
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migrate to African cities every day. This
rapid urbanisation of Africa (see the section
on “Why Invest in Africa?”) means there are
increasing demands for houses, especially
in these urban areas.

While that demand presents an enormous
opportunity for the African real estate
market, it also poses the challenge of an
increasing housing deficit that affects low-
and middle-income earners on the
continent. The same article by the
International Finance Corporation revealed
that Nigeria—Africa’s most populous
country—needs at least 17 million housing
units to address its deficit.
For business consultation, visit

www.olubunmioluwadare.com

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Retrieved from
https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/t
rp_featurestory_africahousing
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