Mozambique plans to build more than 1,500 affordable housing units for its population by 2024. This was announced on Thursday, December 3, 2020, by Cecilia Chamutota, Vice Minister of Housing of Mozambique.
This program is part of the "Renascer" plan launched last March to reduce the housing deficit in the country. It targets mainly the populations aged between 22 and 45, with average incomes, in particular public workers, or young people at the beginning of their careers, whose salaries are generally equivalent to five times the minimum wage in the country.
In the first phase of this project, 230 million meticals (more than $3 million) will be invested to build about 300 housing units in Maputo, but also in Nampula and the Cabo Delgado province, which is plagued by growing insecurity; 30 other units have already been inaugurated by the authorities in the district of Manhica, in the capital of the country.
It should be noted that each housing unit will cost its owner close to $9,000, payable over 20 years at a rate of nearly $40 monthly.
Moutiou Adjibi Nourou
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Côte d’Ivoire prioritizes domestic natural gas for electricity generation over exports. Power demand grows 10%–15% annually, driven by domestic...
Ghana and Sierra Leone signed six memorandums of understanding and one cooperation agreement across strategic sectors. The partnership aims to...
Authorities suspended the roaming use of Starlink kits that do not comply with national regulations. The government cited security, traceability,...
Mali approved the creation of an annual national AI forum to drive youth employment. Authorities aim to connect training, innovation, and...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...