“Buy land, they're not making it anymore,” goes a famous saying by American poet Mark Twain, referring to its inherent value. Unfortunately in most developing countries, land ownership is barely tracked, leaving enormous untapped potential to generate wealth and boost prosperity.
The private sector has taken note. From large multinationals to angel-backed social enterprises, businesses are springing forward with innovative solutions to address the issue.
According to U.N. Habitat, the rights to more than 70 percent of land worldwide remains unregistered. It is an issue that the development community has increasingly engaged with, and one Devex has explored through the Land Matters series.