African Cities Unlocking Financing For Urbanisation
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| Author | : Somik V. Lall |
| Publisher | : World Bank Publications |
| Total Pages | : 0 |
| Release | : 2017 |
| Genre | : Business & Economics |
| ISBN | : 9781464810442 |
Cities in Sub-Saharan Africa are experiencing rapid population growth. Yet their economic growth has not kept pace. Why? One factor might be low capital investment, due in part to Africa's relative poverty: Other regions have reached similar stages of urbanization at higher per capita GDP. This study, however, identifies a deeper reason: African cities are closed to the world. Compared with other developing cities, cities in Africa produce few goods and services for trade on regional and international markets To grow economically as they are growing in size, Africa's cities must open their doors to the world. They need to specialize in manufacturing, along with other regionally and globally tradable goods and services. And to attract global investment in tradables production, cities must develop scale economies, which are associated with successful urban economic development in other regions. Such scale economies can arise in Africa, and they will--if city and country leaders make concerted efforts to bring agglomeration effects to urban areas. Today, potential urban investors and entrepreneurs look at Africa and see crowded, disconnected, and costly cities. Such cities inspire low expectations for the scale of urban production and for returns on invested capital. How can these cities become economically dense--not merely crowded? How can they acquire efficient connections? And how can they draw firms and skilled workers with a more affordable, livable urban environment? From a policy standpoint, the answer must be to address the structural problems affecting African cities. Foremost among these problems are institutional and regulatory constraints that misallocate land and labor, fragment physical development, and limit productivity. As long as African cities lack functioning land markets and regulations and early, coordinated infrastructure investments, they will remain local cities: closed to regional and global markets, trapped into producing only locally traded goods and services, and limited in their economic growth.
| Author | : Thierry Paulais |
| Publisher | : World Bank Publications |
| Total Pages | : 378 |
| Release | : 2012-07-05 |
| Genre | : Business & Economics |
| ISBN | : 0821389483 |
This volume addresses the issues of financing urban growth of the African continent -- which has the highest urban growth rate on the planet -- in the next decades. Considerable investment will be needed to sustain this level of growth and to clear up accumulated backlogs. At the same time, decentralization has resulted in increased responsibilities for local government; but in most cases, institutional reforms were carried out without the transfer of a sufficient level of resources, and local capacities in governance and project management are weak. Which mechanisms will finance these extensive needs, and how will African local governments meet these needs? Specifics on how to finance African cities have not been studied. The actual scale of this market has not been fully grasped. A systemic approach to this market is difficult because of its diversity (country size; institutional context; characteristics of urban network; availability of capital market, currency, etc.) and a lack of data. Donors’ assistance methods in the sector are disparate, marked by disputes between different schools of thought; special-purpose vehicles created by donors operate according to a variety of methods and with wide-ranging and sparsely disseminated results. What is the best way to transform these systems, often antiquated in many respects, into modern financing systems that facilitate access to domestic markets, mobilize local savings and reinforce local government autonomy? There is no single answer to this question in regard to such a variety of institutional and economic contexts. The main objective of the study is to clarify the debates and to enlighten the choices of African decision-makers at local and national level.
| Author | : George E. Peterson |
| Publisher | : World Bank Publications |
| Total Pages | : 150 |
| Release | : 2009 |
| Genre | : Business & Economics |
| ISBN | : 0821377108 |
Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.
| Author | : El-hadj M. Bah |
| Publisher | : Springer |
| Total Pages | : 285 |
| Release | : 2018-03-12 |
| Genre | : Business & Economics |
| ISBN | : 1137597925 |
This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost housing alternatives. Through detailed analysis, the authors investigate the political economy surrounding the continent’s housing market and the constraints that behind-the-scenes policy makers need to address in their attempts to provide affordable housing for the majority in need. With Africa’s urban population growing rapidly, this study highlights how broad demographic shifts and rapid urbanization are placing enormous pressure on the limited infrastructure in many cities and stretching the economic and social fabric of municipalities to their breaking point. But beyond providing a snapshot of the present conditions of the African housing market, the book offers recommendations and actionable measures for policy makers and other stakeholders on how best to provide affordable housing and alleviate Africa’s housing deficit. This work will be of particular interest to practitioners, non-governmental organizations, private sector actors, students and researchers of economic policy, international development, and urban development.
| Author | : United Nations |
| Publisher | : |
| Total Pages | : 416 |
| Release | : 2020-11-30 |
| Genre | : |
| ISBN | : 9789211328721 |
In a rapidly urbanizing and globalized world, cities have been the epicentres of COVID-19 (coronavirus). The virus has spread to virtually all parts of the world; first, among globally connected cities, then through community transmission and from the city to the countryside. This report shows that the intrinsic value of sustainable urbanization can and should be harnessed for the wellbeing of all. It provides evidence and policy analysis of the value of urbanization from an economic, social and environmental perspective. It also explores the role of innovation and technology, local governments, targeted investments and the effective implementation of the New Urban Agenda in fostering the value of sustainable urbanization.
| Author | : Jon Kher Kaw |
| Publisher | : World Bank Publications |
| Total Pages | : 546 |
| Release | : 2020-02-13 |
| Genre | : Business & Economics |
| ISBN | : 1464814937 |
In every city, the urban spaces that form the public realm—ranging from city streets, neighborhood squares, and parks to public facilities such as libraries and markets—account for about one-third of the city’s total land area, on average. Despite this significance, the potential for these public-space assets—typically owned and managed by local governments—to transform urban life and city functioning is often overlooked for many reasons: other pressing city priorities arising from rapid urbanization, poor urban planning, and financial constraints. The resulting degradation of public spaces into congested, vehicle-centric, and polluted places often becomes a liability, creating a downward spiral that leads to a continuous drain on public resources and exacerbating various city problems. In contrast, the cities that invest in the creation of human-centered, environmentally sustainable, economically vibrant, and socially inclusive places—in partnership with government entities, communities, and other private stakeholders—perform better. They implement smart and sustainable strategies across their public space asset life cycles to yield returns on investment far exceeding monetary costs, ultimately enhancing city livability, resilience, and competitiveness. The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces discusses the complexities that surround the creation and management of successful public spaces and draws on the analyses and experiences from city case studies from around the globe. This book identifies—through the lens of asset management—a rich palette of creative and innovative strategies that every city can undertake to plan, finance, and manage both government-owned and privately owned public spaces.
| Author | : Mark Pelling |
| Publisher | : Routledge |
| Total Pages | : 242 |
| Release | : 2012-05-16 |
| Genre | : Nature |
| ISBN | : 1136567984 |
Published with ProVention Consortium, UNDP and UN-Habitat 'This excellent book is essential reading for those concerned with urban risk and its reduction in Africa, the most rapidly urbanizing region of the world.' Professor Jo Beall, Development Studies Institute, London School of Economics 'At last a book that recognizes the impacts of disasters on Africa's 350 million urban dwellers, including the many disasters that get overlooked and go unrecorded. But also a book that, through careful case studies, shows what creates disaster risk and what local measures can be taken to address it.' David Satterthwaite, International Institute for Environment and Development (IIED). 'This innovative volume combines the latest conceptualisations of urban disaster risk and vulnerability with case studies from across the African continent on how existing and innovative information can inform efforts to address the problems. Coverage ranges from the major catastrophes of news headlines to small, everyday disasters with which poor urban residents have to cope in their survival strategies. Written by international authorities and local specialists, this extremely useful book should find a place in the hands of academics and practitioners alike.' Professor David Simon, Department of Geography, Royal Holloway, University of London This is a one-of-a-kind book packed with original research and offering an innovative way of thinking about the reduction of risk in rapidly urbanizing cities across the globe. It is a must-have for professionals, researchers and policy makers. The book addresses four inter-related themes critical for urban risk reduction: environment; livehood; urban governance and the generation of urban risks. Its focus is on Africa, the most rapidly urbanizing world region, but it illustrates global processes. Part one reviews development, urbanization and disaster risk in Africa as a whole, identifies state-of-the-art practices and policies for building urban resilience and provides a tool kit for urban risk reduction. It also presents a powerful conceptual framework to analyse and compare disaster risk and resilience in different cities and communities. Part two presents detailed case studies from Algeria, Ghana, Senegal, Kenya, Tanzania and South Africa illustrating vulnerability to hazards ranging from earthquake to shack fire, environmental health hazards, traffic hazards and flooding. Part three looks to the future and outlines a vision for a safer urban Africa based on achieving gains in human security through inclusive governance and investment in the creative capacities of Africa's urban dwellers. With foreword by Anna Tibaijuka, Executive Director, UN-HABITAT
| Author | : Robert Home |
| Publisher | : Springer Nature |
| Total Pages | : 364 |
| Release | : 2020-11-11 |
| Genre | : Political Science |
| ISBN | : 303052504X |
Sub-Saharan Africa faces many development challenges, such as its size and diversity, rapid urban population growth, history of colonial exploitation, fragile states and conflicts over land and natural resources. This collection, contributed from different academic disciplines and professions, seeks to support the UN Habitat New Urban Agenda passed at Habitat III in Quito, Ecuador, in 2016. It will attract readers from urban specialisms in law, geography and other social sciences, and from professionals and policy-makers concerned with land use planning, surveying and governance. Among the topics addressed by the book are challenges to governance institutions: how international development is delivered, building land management capacity, funding for urban infrastructure, land-based finance, ineffective planning regulation, and the role of alternatives to courts in resolving boundary and other land disputes. Issues of rights and land titling are explored from perspectives of human rights law (the right to development, and women's rights of access to land), and land tenure regularization. Particular challenges of housing, planning and informality are addressed through contributions on international real estate investment, community participation in urban settlement upgrading, housing delivery as a partly failing project to remedy apartheid's legacy, and complex interactions between political power, money and land. Infrastructure challenges are approached in studies of food security and food systems, urban resilience against natural and man-made disasters, and informal public transport.
| Author | : European Investment Bank |
| Publisher | : European Investment Bank |
| Total Pages | : 261 |
| Release | : 2020-02-26 |
| Genre | : Business & Economics |
| ISBN | : 9286144938 |
In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Investing sustainably in Africa's cities; Mobilising agricultural value chain financing in Africa: why and how; Remittances and financial sector development in Africa.
| Author | : Benna, Umar G. |
| Publisher | : IGI Global |
| Total Pages | : 367 |
| Release | : 2018-02-28 |
| Genre | : Business & Economics |
| ISBN | : 1522539530 |
Economic and societal systems continually evolve as the needs and demands of society change. With the development of new technologies, research, and discoveries, various opportunities emerge for venture development and developing economies. Crowdfunding and Sustainable Urban Development in Emerging Economies provides innovative research on current issues in the rise of new platforms for digital activities, a collaborative economy, crowdsourcing, crowdfunding, and other activities that are shaping developing countries. Highlighting a range of pertinent topics, such as infrastructure finance, tertiary educational institutions, and urban sustainability, this book is an important resource for academicians, practitioners, researchers, and students.
