Columnists Why embedded finance can build Africa’s real estateA modern residential flat apartment building exterior. Most of the urban population, especially low-income households, cannot afford to buy or build their own homes and, as a result, most of the housing in towns is rental. Out of this number, 3,669,425 people rent in the urban centres while 990,602 rent in the rural areas. As a result, only about 20 percent of Kenyans living in urban areas own the homes they live in. To solve this problem for renters and property owners, embedded finance platforms are starting to play a key role.

Source: The North Africa Journal November 05, 2021 21:41 UTC