A Housing Finance Data Agenda for Africa

http://housingfinanceafrica.org/projects/a-housing-finance-data-agenda-for-africa/

We believe market intelligence & data is fundamental market infrastructure for the housing finance sector. A key constraint undermining private sector participation and good policy engagement in affordable housing finance is the availability of data and market intelligence to facilitate risk-taking and decision-making. By providing market intelligence that makes the case for investment in underserved markets, we can support a better policy environment and increased private sector activity in affordable housing markets. In this way, we catalyse scale interventions.

To this end, we have embarked on a dedicated project to articulate, promote and implement a Housing Finance Data Agenda for Africa. A presentation by Kecia Rust in July 2019 sets out the argument:

The objective of the Data Agenda is to catalyse the provision and dissemination of this data and to support the development of a community of in-country housing and housing finance practitioners who promote the importance of accurate data and who actively engage with data to generate relevant insights.

Our vision is the development of a housing and housing finance data universe in Africa that provides regulators, policymakers, developers and housing financiers with accurate, relevant and current data.

The Data Agenda for Africa involves five broad components which we are currently pursuing in our priority countries:

  • 1. Collect, assess and curate available data (public, private and deal-specific) relevant to increased investment in affordable housing across Africa.
  • 2. Identify data gaps that inhibit market activity and close key data gaps by:
    • Encouraging data owners to make existing data available or improve quality /coverage of data they collect
    • Commissioning partners to gather additional data (primary data)
  • 3. Integrate, optimise and expand our set of knowledge products & data tools to produce a set of key data outputs that are widely used
  • 4. Build the capacity of partner institutions to analyse data and engage with data-driven outputs
  • 5. Promote the importance of accessible, credible data as a catalyst in the affordable housing market

CAHF is pursuing the Data Agenda for Africa with our partner, 71point4. A presentation by Chris Garbers of 71point4 at the November 2019 AUHF conference sets out the rationale. To begin, we have produced:

  • A short Data Manifesto, a Data Agenda Strategy, and a Tidy Data Protocol.
  • A set of Headline Indicators, which is a core set of indicators to provide signposts to monitor the state of housing and housing finance in each country. A framework document on the headline indicators describes the conceptual frameworks used to select the indicators, as well as the definitions and data sources.
  • An online dashboard which displays the data collected against the Headline Indicators for each country in Africa and thus allows you to explore the availability of the data on the Headline Indicators by country, and for each component of the value chain. These indicators were collected via CAHF’s annual Housing Finance in Africa Yearbook data collection processes.

Still to come in 2020, we will publish Country Data Audit reports which depict the landscape of housing finance data in a particular country, focusing on the availability, credibility, frequency and transparency of data for the headline indicators. These reports will map the key data sources in each country, and identify data gaps. In 2020, we will publish data audit reports for: Nigeria, Ghana, Kenya, Tanzania, Uganda, and Mozambique, as well as Cote d’Ivoire and Morocco. The purpose of these reports is to describe the state of data on housing and housing finance in the country, in order to inform decisions by government, investors, researchers, and developers in support of affordable housing finance.

Overall, the Data Agenda is supported by CAHF’s core funders, FSDA and AFD.  In addition, we have entered into a partnership with Reall to pursue the Data Agenda in Tanzania, Kenya, Uganda, Nigeria, Mozambique, and Ghana.  In Nigeria, our partnership is with the Nigeria Mortgage Refinance Company (NMRC).  And of course, we work with AUHF members in their countries as well.  We are also grateful to HOFINET for their technical input and partnership. As we broaden and deepen our effort across the continent and down to city level, we invite local, regional, and international organisations to partner with us to support the availability of the data and market analytics necessary to enable increased investment in housing finance across Africa.  For more information, please contact Alison Tshangana on alison@housingfinanceafrica.org.

 

 

 

 

 

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