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African ministers to discuss ways to finance housing

Reuters

ADDIS ABEBA(July 23,2008) - African housing ministers and experts in the field will meet to discuss on overcoming the financial and resource challenges for sustainable housing and urban development.

The second such conference will take place in Abuja, Nigeria between 28 and 30 July.

Millions of the continent's poor people are looking for better opportunities in cities and this has created a serious human settlement problem as cities are not coping with the influx from rural areas.

About 72 percent of sub-Saharan Africa's urban population are slum dwellers.

With more than 300 hundred thousand condominium houses built in Addis Ababa since mid 1999s, a target by the government to eradicate informal settlements, Ethiopia is expected to share as well as learn the successes and challenges with delegates from across the world.

During the first conference it was agreed that there was a need for an enhanced framework that will seek to overcome the challenges of shelter and urbanization.

This is taking into account the Millennium Development Goals, NEPAD and the World Summit on Sustainable Development's Plan of Implementation.

The previous conference also identified strategies for turning the urbanisation challenge into an opportunity for development, particularly by consolidating integrated approaches to urban development and outlining ways of managing the consequences of urbanisation.

These would include among others the urbanisation of poverty through slums and informal settlements throughout Africa's urban centres.

 

 

     

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