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Dangiwa appointed African Housing Ministers panel chair

The Financial Caucus of African Ministers of Housing and Urban Development has elected Ahmed Dangiwa, the Minister of Housing and Urban Development, as its first chairman.

In a statement, Shelter Afrique Development Bank’s Special Assistant to the Housing Minister for Media and Strategy, Mark Chieshe, stated that the decision was taken by the bank’s shareholders during the 43rd Annual General Meeting and Symposium, which took place in Kigali, Rwanda.

After being elected, Dangiwa said that the creation of the Financial Caucus of African Ministers of Housing and Urban construction offered a special chance to spur cooperation and quicken the continent’s transition to inclusive and sustainable housing construction.

“I’m thrilled that the shareholders accepted my proposal to form the caucus and appointed me as its inaugural chair, in addition to giving it careful thought. I promise to put my all into it. We can dramatically raise the standard of living for millions of people on our continent by transforming the housing market, encouraging innovation, and mobilizing resources.

It’s critical that we acknowledge our unity as Africans. We share a continent, a destiny, and everyone of us is affected by the advancement or regression of the others. Therefore, we need to support ourselves carefully in order to move forward as a group in all areas,” he said.

According to the minister, as far as housing and urban development are concerned, it is up to African ministers of housing and urban development to ensure that there is collective progress.

Dangiwa said the outcomes from the caucus would include an enhanced collaboration and knowledge exchange that would lead to innovative housing policies and strategies, and increase investments in affordable housing projects supported by international donors and private sector partnerships.

In order to combat poverty and promote social participation, he continued, it would involve enhancing low-income groups’ access to adequate and cheap housing.

The African Development Bank, the African Reinsurance Corporation, and 44 African governments own shares in the pan-African housing finance organization Shelter Afrique Development Bank.

Tenny

Tenny is a seasoned investment news blogger with a keen eye for market trends and financial insights. With a background in finance and a passion for staying ahead in the ever-evolving world of investments, Tenny delivers concise and informative updates to help readers navigate the complexities of the financial landscape cum real estate. Through meticulous research and a knack for breaking down complex topics, Tenny strives to empower investors with valuable information to make informed decisions in the dynamic realm of finance.

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