For most urban Africans, owning anything other than a slum home is out of reach

LAGOS, the congested commercial capital of Nigeria, has a population variously estimated at anything from 12m-21m. But what is certain is that people are moving to the megacity and its smaller counterparts across the continent in droves—and not into brand new flats with recently acquired mortgages.

With around 40% of its people living in cities, sub-Saharan Africa is the world’s least urbanised region. But it is changing fast: the UN predicts that its urban inhabitants will more than treble in number to 1.1 billion by 2050, accounting for 56% of the region’s population. By 2030 Dar es Salaam, Johannesburg and Luanda will have joined Kinshasa and Lagos as megacities, each with more than 10m people.

Most of that growth will be in slums, which are currently doubling in size every 15 years while they shrink in many other parts of the world. They’re not always cheap to live in, either. Economists at the Massachusetts Institute of Technology found that in Kibera, a Nairobi slum, residents devoted almost a third of their non-food expenditures to rent. More than 90% of them are tenants. In Kenya’s countryside, by contrast, 90% of...Continue reading

Source: Middle East and Africa http://ift.tt/221hUCn

Share this

Related Posts

Previous
Next Post »