Kenyan President Uhuru Kenyatta has expressed confidence in the housing and construction sector to spearhead the country’s economic recovery post-Covid-19
While addressing the opening ceremony of Shelter Afrique’s 39th AGM and Symposium in Nairobi, the President expressed optimism on the potential of the construction sector to make a quick comeback, fueling the nation’s economy with job creation.
“Economic history teaches us that the construction sector, including housing construction, has been very effective in driving economic recovery,” he said.
A recent report by the National Treasury on the rebound timelines for various sectors of the economy shows that the construction sector is expected to recover to pre-Covid-19 growth levels in 2021.
The Head of State said that affordable housing should remain at the centre of the economic recovery debate due to the long-standing demand for decent and affordable housing in addition to essential infrastructure to all residents, especially the vulnerable populations living in slums and informal settlements.
Shelter Afrique which held its 39th Annual General Meeting (AGM) yesterday will be hosting its annual housing symposium in on September 17th virtually following the Coronavirus pandemic.
The theme for the annual symposium and AGM is Affordable Housing Delivery as an Economic Revival Strategy in the COVID 19 Era in Africa.
“Since the beginning of the crisis, we have advocated that the construction of large-scale housing and related infrastructure can be the driver for economic revival in the Post-COVID era,” said the Shelter Afrique’s CEO Andrew Chimphondah.