Why embedded finance can build Africa’s real estate

A modern residential flat apartment building exterior. FILE PHOTO | NMG

Africa’s urban population has seen a boom over the last 35 years, with an increase in the number as well as the size of towns and cities, playing a key role in fostering rural-urban migration for millions of citizens who seek better fortunes and living standards across the continent.

This population boom, however, has not been matched with supply, as housing production has remained far below the targets and even further below the demand for housing.

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Note: The results are not exact but very close to the actual.