About 90% of Africa’s population is unable to buy a home and need to rely on rental, SIV will offer both for sale and for rent properties.
Because of affordability constraints, rental markets will play a formidable role in promoting decent housing in Africa, especially for low-income earners, youth, migrants and women.
SIV RentCo will hold the income-producing assets as social/affordable housing and social facilities.
The masked reality is that there remains a large segment of African households that cannot afford to buy a house, even one that is heavily subsidized. For many African households, renting is the unique alternative to home ownership.
In many African cities, a vast number of African households are currently tenants.