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May 18, 2026
7h ago

Ruto calls for global financial reform to boost affordable housing in Africa

Ruto calls for global financial reform to boost affordable housing in Africa

President William Ruto has called for stronger African multilateral financing and reform of the global financial architecture to tackle the housing crisis as a result of rapid urbanisation...

✨ Key Highlights

Kenyan President William Ruto is advocating for a global financial reform to address Africa's affordable housing crisis, exacerbated by rapid urbanization.

  • President Ruto argues the current international financial system is unfairly structured, leading African nations to pay significantly more for credit than developed countries.
  • He highlighted that Africa will house 25% of the world's population by 2050, with 70% living in urban areas, underscoring the urgency of affordable housing.
  • Kenya's Affordable Housing Programme was presented as a successful model, having generated $5 billion in projects and employed 640,000 young people.

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