High cost of land, materials stall affordable housing dream

Set of construction materials and tools. [iStockphoto]

Pan African housing company Shelter Afrique has cited the increasing prices of construction materials such as steel and cement as a key barrier to achieving affordable housing in the continent.

Shelter Afrique acting Managing Director and Chief Financial Officer Kingsley Muwowo said the Ukraine-Russia conflict and the Covid pandemic have resulted in a sharp rise in prices of critical construction materials.