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Blended finance unlocks the keys to affordable housing across west Africa

Martin Spicer's picture
Houses under construction. © John Hogg/World Bank
Houses under construction. © John Hogg/World Bank

Affordable housing is a major challenge across West Africa, where fewer than 7 percent of households can afford to buy their own home. The situation is particularly acute in the countries of the West African Economic and Monetary Union (WAEMU) -- Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo – where demand for decent housing far outstrips supply.

But a new financing tool developed by the World Bank Group, is helping thousands of families across the WAEMU access private housing finance and finally achieve their dreams of owning their own home.

The tool is the $2.5 billion IDA18 IFC-MIGA Private Sector Window (IDA PSW), launched in July 2017 to help catalyze private sector investments and create jobs in the lowest income countries eligible for financing from the World Bank’s International Development Association.

Scaling up innovations in agriculture: Lessons from Africa

Simeon Ehui's picture
The West Africa Agricultural Productivity Program is building a sustainable and nutritious food system in Nigeria that creates jobs for youth. Photo: Dasan Bobo/World Bank

For too long the narrative surrounding Africa’s agri-food sector has been one of limited opportunity, flat yields and small farms. It’s true that Africa is still producing too little food and value-added products despite recent efforts to increase investment, and that agricultural productivity has been broadly stagnant since the 1980s as shown in the 2018 African Agriculture Status Report.

Policy hackathon explained: How an all-society approach can engage entrepreneurs and governments to develop better policy in West Africa

Alexandre Laure's picture
Also available in: Français
Brainstorming session at the Bamako Policy Hackathon
Brainstorming session at the Bamako Policy Hackathon. Photo: World Bank

What would happen if you put all the relevant players for the entrepreneurial ecosystem — startup founders, policymakers, developers, students, investors — into one room and facilitated an open dialogue on improving the business environment? This is exactly what is taking place in West Africa through a series of policy hackathons supported by the World Bank.

We all have a stake in development and this multifaceted process – local, top-down, bottom-up – is a great example of African innovation. Civic engagement in policymaking is not happening elsewhere so it’s not just about importing knowledge and best practice but generating lessons we can export to the rest of the world,” said Sebastian Molineus, World Bank Director of the Finance, Competitiveness and Innovation (FCI) Global Practice about policy hackathons taking place in West Africa, at a recent World Bank Brown-Bag Lunch in January.

So what is a policy hackathon?

How do Africans’ priorities align with the SDGs and government performance? New results from Afrobarometer



One of the challenges presented by the ambitious Sustainable Development Goals (SDGs) laid out in the UN 2030 Agenda is where to begin.

Afrobarometer, which conducts public attitude surveys in more than 30 African countries, argues that one critical place to start is by asking the people.

What did 200 African incubators learn from our webinar on open innovation?

Alexandre Laure's picture
Also available in: Français
 Niger Digital.
Entrepreneurs participating in the e-Takara competition to address specific challenges expressed by Nigerien public administrations. Credit: Niger Digital

The training has completed my knowledge about open innovation. I can now go and talk to potential clients to identify their needs and show what we can offer them.” -- Mariem Kane, Hadina RIMTIC incubator
 
Distributive, participative and decentralized, open innovation programs can pave the way for start-ups to access larger markets and business opportunities. They also allow corporate partners to respond quickly to changing market dynamics and test out new products or target new audiences.

Congratulations to the First Recipients of the Certificate in Development Journalism

Haleh Bridi's picture

When I was based in the field, I often noticed that many of the journalists working in Africa had not been specifically trained to report on development-related matters, which at times hobbled their ability to effectively identify development issues and, by extension, inform the public of the choices and activities implemented in various countries.

So, we came up with the idea of helping journalists receive the best training we could give on the development challenges facing their continent, thus paving the way for “changing the narrative on Africa.”

The World Bank Africa Region introduced a successful, innovative approach to training journalists – a free, online course for 100 journalists from Francophone Africa, who were selected through an application process.

Leveraging the power of "grit" across continental boundaries

Rentsenkhand “Handaa” Enkh-Amgalan's picture
Also available in: Français | Mongolian
©2014 David Waldorf/World Bank  


For several years during my childhood, I helped my mother plant vegetables and harvest crops on an urban farm in the distant suburbs of Ulaanbaatar, the capital city of Mongolia. Growing up working on the farm with my siblings and observing my mother work diligently towards the goal of full harvest made me realize what a challenging yet fulfilling journey it is to be a female farmer in a developing country. My mother refused to yield when confronted with adversity--Mongolia’s harsh climate, crop theft, as well as a lack of necessary inputs, labor, and agricultural services- all while taking care of her four children and handling chores.

Climate Impacts on African Fisheries: The Imperative to Understand and Act

Magda Lovei's picture



The impact of climate change on hydrology and other natural resources, and on many sectors of African economies—from agriculture to transport, to energy—has been widely researched and discussed. But its effect on marine fisheries, an important economic sector and significant source of food for large numbers of people in Africa, is less well understood.

First, what is known?

Climate change leads to rising sea temperatures, making fish stocks migrate toward colder waters away from equatorial latitudes, and contributing to shrinking fish sizes. It also influences the abundance, migratory patterns, and mortality rates of wild fish stocks.

Swallowed by the Sea…Where coastal infrastructure and jobs meet climate change

Karin Erika Kemper's picture


Life is shifting fast for coastal communities in West Africa. In some areas, coastlines are eroding as much as 10 meters per year. Stronger storms and rising seas are wiping out homes, roads and buildings that have served as landmarks for generations.

I was recently in West Africa to witness the effects of coastal erosion. To understand what’s going on, we took a three-country road trip, traveling from Benin’s capital Cotonou, along the coast to Lomé in Togo and then to Keta and Accra in Ghana. These three countries, among the hardest hit by coastal erosion, offer a snapshot of what is happening along the rest of the coast, from Mauritania, via Senegal to Nigeria. 

Poor places. Rich places. Can geography explain it all?

Nga Thi Viet Nguyen's picture



“Tell me where you live, and I can predict how well you’ll do in life.”
 
Does welfare vary largely across space?
 
Although I don’t have a crystal ball, I do know for a fact that location is an excellent predictor of one’s welfare. Indeed, a child born in Togo today is expected to live nearly 20 years less than a child born in the United States. Moreover, this child will earn a tiny fraction—less than 3%—of what his or her American counterpart will earn.


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