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
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Congo warns Airtel, MTN over poor service; six-month deadline ARPCE audit finds regional gaps across 2G, 3G, 4G networks Sanctions possible if...
Agreement allows 14 weekly passenger flights plus cargo Move supports Libya’s aviation recovery after years of disruption Libya and Algeria signed a...
KoBold launches $50 million lithium exploration in DR Congo Program covers 3,000+ km², using AI, drilling and surveys Initiative follows...
Wadagni–Talata lead with 94.05% in provisional results Outcome deemed irreversible with 90.55% ballots counted Opposition concedes ahead of...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...