A highlight of Kenya’s Affordable Housing Act, 2024
Recently, His Excellency Dr. William Samoei Ruto, the President of Kenya, assented to the Affordable Housing Bill 2023 on 19th March 2024. The Affordable Housing Act, Act No. 2 of 2024, (the Act) establishes a framework aimed at facilitating the development and accessibility
Environmental Experts Mull Green Affordable Housing Finance
The Kenya Green Building Society (KGBS) in partnership with Reall organised East Africa’s Inaugural Sustainable and Affordable Housing Workshop centred on unlocking Green Affordable Housing Finance. The exclusive workshop, “A Call to Action: Unlocking Financing Opportunities for green affordable housing for the Kenyan Market” was
Hong Kong Abolishes Property Curbs in Bid to Revive Housing Sector, Economy
In efforts to revive Hong Kong’s flagging housing market and broader economy, Financial Secretary Paul Chan announced in the annual budget address on Wednesday, February 28, 2024, that the government will scrap all property cooling measures, including additional stamp duties for foreign and
Building Collapse Prevention Guild Raises Alarm Over Surging Building Material Prices
The Building Collapse Prevention Guild (BCPG) has sounded the alarm regarding the soaring prices of building materials, warning that it could lead to a surge in substandard construction practices and exacerbate building collapses across the country. Speaking during the BCPG Lagos State chapter
HDAN Congratulates New REDAN President, Exco, Urges Collaboration for Housing Solutions
Africa’s leading non-governmental housing advocacy organization, Housing Development Advocacy Network (HDAN) has extended congratulations to Akintoye Adeoye, the newly inaugurated president of the Real Estate Developers Association of Nigeria (REDAN), along with the newly elected executive members, on their victory. In a statement
Three-Storey Building Collapses in Lagos Amid Heavy Rainfall
Amidst a heavy downpour on Thursday, a three-storey building located at Ita Faaji Market in the Lagos Island Local Government Area of Lagos State collapsed, sparking panic in the community. According to information gathered by our source, the incident occurred around 9 am,
Tinubu’s Renewed Hope Cities Initiative: Beyond Housing, Toward Comprehensive Development
In a significant move towards addressing Nigeria’s housing deficit, President Bola Ahmed Tinubu has inaugurated the groundbreaking ceremony for the pilot phase of his ambitious housing project named Renewed Hope Cities and Estates Development Programme. The ceremony took place at Karsana, a suburban
Affordable Rural, Urban Housing For A Modern Society
Shelter, one of the three basic human needs, is fundamentally a necessity for the protection of life from adverse weather conditions, weather changes and some dangerous animals. A shelter, designed and built for modern living in any contemporary society at an affordable cost,
Many houses affected as downpour, flood hit Lagos
Many residents of Nigeria’s economic nerve Centre were also stranded in their residential apartments and in their cars as major roads were submerged by flood after months of heat waves in the state. In a statement, the South West Coordinator of the National
Minister of Housing Vows to Tackle Soaring Building Material Prices
The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, has declared plans to establish a committee aimed at addressing the alarming surge in the prices of cement and other building materials. He disclosed this during a meeting with cement and building
