Building Affordable Housing in the East African Community - Culturally Conscious Communications

Today we report on the rapid growth of new home construction and financing taking place across the 7 nations of the East African Community. As part of our reporting on Africa Rising, we look at this often overlooked sector and its relationship to Africa's rapidly growing middle class.

Highlights of this report:
- Across the 7 nations of the East African Community, the fastest annual growth in new home construction is led by Rwanda (6.85%), Kenya 5.94%), and Uganda (5.6%).
- With high population growth and urbanization rates across the region, faster construction of new and affordable housing is a top priority.
- Opportunities for Foreign Direct Investing in the housing sector will remain high for decades to come as lending for home buying is also rapidly expanding for the growing middle class.
- Lending, engineering, urban planning, and construction of single-family and high-rise housing all are proving to be rapid growth sectors.