Housing finance is limited across Africa
Friday, September 24, 2010
The chairman of the African Union for Housing Finance (AUHF), Reginald Motswaiso, said this at the organisation's conference in Gaborone on Thursday.
Motswaiso, who is also the Chief Executive Officer (CEO) of the Botswana Housing Corporation (BHC), was presenting before delegates on a topic Challenges And Opportunities For Housing Finance in Africa: What It Means For The AUHF.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...