Awakening affordable housing in Africa with financial innovation
![Awakening affordable housing in Africa with financial innovation](https://www.afis.africa/wp-content/uploads/2022/01/Capture-decran-2022-03-07-a-15.15.14.png)
Mortgages are one of the fastest-growing segments in African retail banking with an estimated CAGR of 6% between 2017 and 2022. But many Africans do not qualify for mortgages or cannot afford interest rates that average 14% in sub-Saharan Africa. Lenders are also cautious about offering long-term credit to the 81% of Africans in informal employment and are sensitive to macroeconomic factors and availability of housing stock. Financial innovations – such as rent-to-own models, housing microfinance, and mortgage-backed securities – are touted to make housing credit more accessible. But how can such models be leveraged at scale? And might so-called ‘green mortgages’ for environmentally certified developments steer housing finance in a sustainable direction? Leaders in the financial community explore innovations that could pump life into inclusive housing finance in Africa.
Key points
- Assessing unmet finance needs – the constraints of customers and lenders
- Scaling innovation – the possibilities in rent-to-own, capital markets and microfinance
- Pulling in a sustainable direction – incentivising loans for affordable green homes
Speakers
![Ramah Nyang](https://www.afis.africa/wp-content/uploads/2022/03/ramah-nyang-299-x-351-px.jpg)
![Maureen Katuvesirauina](https://www.afis.africa/wp-content/uploads/2022/03/Maureen-Katuvesirauina-299.png)
![Dina El Kadry](https://www.afis.africa/wp-content/uploads/2022/03/Dina-El-Kadry-299.png)
![Femi Adewole](https://www.afis.africa/wp-content/uploads/2022/03/Femi-Adewole-299.png)
![Kecia Rust](https://www.afis.africa/wp-content/uploads/2022/03/Kecia-Rust299.png)
![Khayise Mashifane](https://www.afis.africa/wp-content/uploads/2022/03/Khayise-Mashifane-299.png)
![Christian Agossa](https://www.afis.africa/wp-content/uploads/2022/03/christian299.png)