Since the advent of the new democratic dispensation in Zambia, there was a decade of slow but noticeable improvement in the country’s economy. Over the last ten years, Zambia has entered a period of more sustained economic growth, with improved (yet still not stable) economic fundamentals. However, despite recent economic progress, Zambia remains one of the least developed nations in the world. Unemployment and poverty are widespread with 82% living on less than $2 a day.
From a housing finance perspective there is a shortage of over 2 million housing units. Decent housing in urban areas remains unattainable and unaffordable for most people and slums abound. Most struggle to afford the frequent necessary repairs to their mud, wattle and grass thatch roof homes. Cracked and broken walls invite rain and rodents into houses, which in turn pose serious health risks. Families are crowded into a single room, which usually also serve as a kitchen and children being exposed daily to life-threatening environments.
Dates and Location
- 22nd September– 1st October 2016
- Lusaka, Zambia