Housing Finance in Central African Republic


This profile is also available in French here.

To download a pdf version of the full 2019 Central African Republic country profile, click here.

The Central African Republic is characterised by political instability and a humanitarian crisis which poses a threat to the country’s economic stability. Most of CAR’s population is internally displaced or seeking refuge in neighbouring countries. The crisis has damaged the prospects of the development of good standardised towns and cities. Housing stock has since been pillaged, broken drown, or destroyed.

The CAR has the smallest financial system in CEMAC and suffers from weak market infrastructure and legal and judiciary frameworks. Despite CAR’s recovery and its plans to establish a housing bank, the country has almost no housing financing instruments. Access to housing-related financial products remains a major challenge. Due to economic and security concerns, financial institutions, and particularly banks and MFIs, have largely consolidated their business in Bangui, the capital of the country.

Housing affordability is a major concern; the high cost of building materials, low incomes of Central Africans and the general political and economic volatility are barriers to home-ownership. It is estimated that over 1 million people have been displaced by the political and security crisis with CAR’s urban areas being strongly affected. Most internally displaced persons occupy rental units and several microfinance non governmental organisations have been active in the rebuilding of housing stock.

It is anticipated that the internationally supervised transition will bring much needed political and economic stability to the country. This would enable a coordinated effort by all relevant stakeholders to implement programmes and policies that cater for the internally displaced population.

Find out more about information on the housing finance sector of the Central African Republic (CAR), including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

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