Sign In or Register | Thursday, October 29, 2020
AfricaTeam,   9/15/2020 4:11:31 PM Add AfricaTeam as a Friend   |  Send Message
Africa See Profile
Housing And Construction Sector Key in Post Pandemic Recoveries Efforts, President Kenyatta Says

 Nairobi, 15 September 2020: – Kenya’s President Uhuru Kenyatta has underscored the importance of the housing and construction sector in the post Covid -19 recovery plans.

 

In a Speech read on his behalf by the Cabinet Secretary Infrastructure, roads, housing and urban development Mr. James Macharia at the opening ceremony of Shelter Afrique’s 39th AGM and Symposium in Nairobi, The President said While it is one of the sectors that has been impacted adversely by the economic slowdown, housing and construction sector is also one of the sectors that can rebound quickly.

 

“The construction sector can therefore be targeted to lead the rebound in the broader economy. Economic history teaches us that the construction sector, including housing construction, has been very effective in driving economic recovery. Housing construction provides excellent opportunities for job creation,” President Kenyatta said, adding that while the construction sector requires significant capital, record-low interest rates have made the cost of financing construction projects remarkably affordable.

 

 

“The affordable housing agenda should remain front and center in the economic recovery debate due to the need to provide decent housing and essential infrastructure to all residents, especially the vulnerable populations living in slums and informal settlements,” The President said.

 

Speaking at the opening of the symposium, Shelter Afrique’s Chief Executive Officer Andrew Chimphondah said large scale housing delivered by Private-Public-Partnerships (PPPs) is a vital way to inject much-needed capital into the economy.

 

“Since the beginning of the crisis, we have advocated that the construction of large-scale housing and related infrastructure can be the driver for economic revival in the Post-COVID era. This belief is reflected in the theme for the annual symposium and AGM, Affordable Housing Delivery as an Economic Revival Strategy in the COVID 19 Era in Africa,” Mr Chimphondah said.

 

 

“When we think about the Gig Economy, it often leaves out construction workers, but they are a critical group of that economy. The delivery of large-scale construction is imperative because it will reabsorb this neglected sector into active employment as well as having the capacity to absorb other sectors too and downstream business. I am happy to note that some of our member states have taken note of our advocacy; supporting the construction industry during this pandemic,” he said, adding that the pandemic should inspire creative thinking and reinvention of supply-chains for construction within Africa.

 

 

Kenya is hosting Shelter Afrique’s 39th Annual General Meeting (AGM) (on September 17th) and annual housing symposium (September 15th). The event which was prior scheduled to take place at Kenya's coastal town of Malindi, will now be held virtually due to the Coronavirus pandemic.

 

 

Internship programme

 

The pan African housing development financier has also announced the launch of the Shelter Afrique Internship Programme, a capacity development program under the its Centre of Excellence unit designed to attract young and talented multi-disciplinary individual from Shelter Afrique member countries, with outstanding academic, leadership, and professional qualities.

 

“The program will support Shelter Afrique in meeting its operational requirements in the medium to long term. The programme is anchored to the strategic goal of Shareholder and

Development Impact. The roll-out of the programme for candidates across all our member countries will show our value to our member countries,” Shelter Afrique Board Chairman Steve Mainda said.

 

 

The details for application will be provided in the coming days with the expected first intake in January 2021.

 

Shelter-Afrique is a pan African housing finance and development institution established by African governments to address the need for a sustainable housing delivery system and related infrastructure projects in Africa. Shareholders include 44 African countries, the African Development Bank, and the African Re-Insurance Corporation.

 

 

Photo caption

Shelter Afrique Board Chairman Steve Mainda, Kenya’s Cabinet Secretary for Infrastructure, Housing Roads, and Urban Development Mr. James Macharia, and Shelter Afrique’s Chief Executive Officer Andrew Chimphondah at the opening of the Shelter Afrique’s 39th AGM and Symposium in Nairobi.

 

 

Kind regards,

 

 

Mike Omuodo - +254 (0)736 014 596.

 

Bookmark and Share Email Email to Friends Print Print
0
 
Facebook Twitter YouTube Instagram Linkedin African Music
Most Popular



Push
Post a New Story from your Account, then Vote for it Here by clicking Push
Latest Forums
Latest Polls
Links
Tags
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Tanzania    
Africa    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    Somalia    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us | Advertise
Copyright © 2020-2022 Africa Updates Inc. All rights reserved