Housing Finance in Mali


This profile is also available in French here.

To download a pdf full version of the 2020 Mali country profile, click here.

With the country’s economy depending mainly on gold and cotton exports, the lack of diversity in Mali’s economy exposes them to fluctuations in the commodity pricing. To support the economy, government adapted the Strategic Framework for Economic Recovery and Sustainable Development for the period of 2019-2023.

Mali experienced extreme poverty between 2011-2015 due to having a period of political instability and conflict but recovered over time. However, the current set back which destabilised the economy’s recovery is the Covid-19 pandemic.

The government has started a housing programme to help subsidise the construction of homes. All of this done to address the housing shortages. As this is still a continuous programme, it has leaned towards having public private partnerships.

There are certain differences that we see in both rural and urban areas, with expenditures differing per household. Since mortgages are dependent on how much a person earns, because of this it is harder for people who earn below the required amount and those working in informal sectors to access these loans. All of this showing that not everyone can buy a house.

Studies illustrate that there’s a gap in the market for houses as the housing supply has deteriorated. To be able to meet the high demand, developers are setting up apartment rental programmes in Bamako. The cheapest newly built rental house costing US$446.

With all things considered, subsidising houses for low income earners could assist in addressing the housing issue and government could find it beneficial to invest in affordable housing.

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

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

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