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
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Tomatoes are widely produced and consumed in West Africa, but much of the trade occurs through informal channels, leaving regional market dynamics largely...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...