Housing Finance in Congo, Democratic Republic of the


This profile is also available in French here.

To download a pdf version of the full 2023 Democratic Republic of Congo country profile, click here.

Women make up 52% of the 95 784 841 people in the DRC. The urban growth rate is 3.3%, and the population density is 40.84 people per square kilometre. 71% of people live in rural areas, and 3/4 of them earn less than $1.90 per day. The rate of urbanisation has resulted in insufficient housing, increased air pollution, and insufficient infrastructure and services. Investment in affordable housing has lagged behind urban growth. Unplanned development has produced undesirable, ineffective neighbourhoods that are vulnerable to natural disasters.

Mining increased 2020 GDP growth from 1.7% to 5.7%, exceeding Sub-Saharan Africa’s 4.5% rate. Growth and poverty should both improve by 2022. The key interest rate at BCC in April 2022 was 7.5%, and the exchange rate was US$1 = FC1995. As the government and central bank prioritised sustainable lenders, the BCC reduced its main interest rate from 18.5% to 8.5% in 2021 and again to 7.5% in January 2022.

Poverty and climate change are the country’s biggest risks. Families were unable to rebuild and protect their homes following the flooding. These consequences will disproportionately affect the poor and vulnerable, contributing to the spread of poverty. Climate resilience is critical for long-term development, but the government has no climate change strategy.

Every year, the DRC requires 3,945,555, or 263,039, new homes. Kinshasa loses 143 092 homes each year.According to the INS, 69.9% of DRC families own a home (regardless of quality). The majority of Congolese work in small businesses. Congolese people are homeless. The urban unemployment rate is 83%. Only 11.4% of occupations are classified as “formal.” DRC’s Gini is 42.1%. In Kinshasa, a one-bedroom apartment costs FC5 486 $250 per month. Three-bedroom apartments in downtown cost $4,499 and $1,749 outside. Apartments in the city centre cost $7,335/m2. Congolese people cannot afford FC1 529 506.65 per square metre (US$766.67).

The DRC’s financial industry had total assets of US$5.3 billion (11% of GDP) in November 2018, with a private credit-to-GDP ratio of 4.9%. However, at 6%, financial inclusion is among the lowest in the world, far below the Sub-Saharan Africa average of 25%. Lower profitability, rising NPLs, and low provisioning (37%) could reduce capital to less than 8% risk-weighted assets. Mortgages grew from 549 316 to 569 240 in 2021.

There is potential, but it depends on how well Kinshasa plans its cities, how well housing resources are used, how much urban poverty is reduced, and how well lenders provide lender and mortgage agent services.

Find out more information on the housing finance sector of the Democratic Republic of Congo, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2023 edition, which has up-to-date profiles for 55 African countries.

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