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Botswana, a middle-income nation, has one of the fastest growing economies in the world today. It has enjoyed an excellent record of political stability since independence in 1966, a consistent focus on education investment has led to high education levels, and the country has one of sub-Saharan Africa’s highest investment grade sovereign credit ratings.
Kenya, one of the continent’s fastest-emerging markets, is rapidly seeking to improve its infrastructure in keeping with its economic development and growing population and urbanisation.
Africa is said to boast the world’s fastest growing economies. A region particularly experiencing boom times is East Africa – comprising Kenya, Tanzania, Uganda, Burundi, Rwanda, Djibouti, Eritrea, Ethiopia and Somalia.
Improved infrastructure is absolutely vital to Africa’s economic and social development. National leaders appear to be aware of this – at the African summit of the World Economic Forum (WEF) held in Cape Town in May 2013, the general sentiment was one of unprecedented collaboration.
Building a strong foundation for Africa – business continuity management & infrastructure resilience
Nowhere is infrastructure resilience more important than in Africa. As the continent once considered ‘dark’ emerges into a brilliant new era of growth and stability, much of her success will depend on the quality and resilience of infrastructure.
Nicknamed the “Warm Heart of Africa”, Malawi is a landlocked country in southeast Africa and home to an estimated 14,9 million people. Economic reforms implemented last year, are set to facilitate significant improvement in the region’s economy, with many of the worst effects of these reforms beginning to ease.
Cities are the economic and creative hubs that keep a country connected to the globalised world, while the sense of permanence that they create allows us to embark on long-term projects. Equally, cities frame and channel the currents of change that take our society forward as we achieve improved livelihoods and realise more of our dreams.
It has been noted that cities are key to connecting countries to the increasingly globalized world – in many instances cities serve as both economic and creative hubs. In Africa, we are seeing a trend of rapid-urbanisation, with many Africans seeking a better future and prospect in the developed cities of the continent. As a result, these cities are facing ever-increasing challenges. These challenges include service delivery and the massive infrastructure deficit.
In this featured video, we present an interview between Bruce Whitfield and Dr Lyal White, Director of the Centre for Dynamic Markets. They discuss the rise and complexity of cities in Africa. The foundation for the conversation was an article written in partnership by KPMG and Dr Lyal White: The Role of Cities in Africa’s Rise
As supply chains are becoming more global and complex, logistics, especially the transport functions are equally becoming convoluted. In developing countries logistics is one of the biggest contributors to a nation’s GDP (in South Africa – 12.7%). Accordingly its management is vital for a growing economy.
In recent times, the term going ‘green’ has gained notable traction in both the political and business world. Increasingly, we are called to realize the impact that our social and economic activities have on the environment around us, and in turn, the long-term implications that this impact has. In this article, we take a look at the key focus areas for Africa’s green agenda.
With a population of one billion and an economy likely to double in size from US$2 trillion to US$4 trillion before 2025, Africa has quickly emerged as the next economic driver for the global economy. While the success of Africa’s rise is well-founded, a far more granular approach to grasping the nuances and realising the opportunities is essential. This goes beyond country-by-country assessments. A deeper assessment of this economic energy and growth reveals that it will be largely driven by Africa’s emerging cities. The nature of the business environment in Africa will increasingly demand a far more city-oriented investment approach.
The development of sustainable urban infrastructure is one of the greatest challenges of today. Urban growth is placing enormous pressure on existing infrastructures and the ability of governments to cater for all citizens in terms of housing and services. Innovative thinking is needed to help African cities keep pace with urban growth – important considering that more than a third of African inhabitants reside in cities.
Africa’s expected to have 1.2 billion urban residents by 2050, intensifying the need to develop Africa’s megacities and making infrastructure a key strategic priority. Episode 9 of the Africa Conversation Series took a closer look at Prioritising Africa’s Megacities, focusing on the challenges surrounding the development of Africa’s next major megacities. Also highlighted was the importance of addressing the challenges, and how to prioritise development to ensure maximum benefits for business and Africa’s growing urban population.
By 2030, for the first time in history, 60% of the world’s population will be living in cities. And not just ordinary cities, but huge urban agglomerations called megacities. While these super-sized cities are often considered fundamental to economic development – offering inhabitants tremendous opportunities – they can also be hotbeds of misery and poverty.
In our last post, KPMG’s approach to infrastructure prioritisation for Big Cities, we documented our approach to the prioritization process, and advised on how KPMG assists Big Cities in prioritization, planning or sequencing of the projects. In Big Cities Infrastructure Prioritisation we looked at the necessity of accurate and though-out prioritization to ensure sustainability and long-term benefit. Here, we take a look at the benefits of prioritization of infrastructure projects, and introduce you to our Big Cities team.
The process involves working closely with the City and stakeholders to identify key goals, mandates and agendas that prioritisation needs to support. In addition to this we unpack with the City what sustainability would mean in their context over a 30 year time horizon. We will then establish a context to the prioritisation, measuring and evaluating a City’s base case and performing a needs analysis. During this time we will be collecting relevant policy statements, performance data and data on various measures of sustainability.
Mega Cities Africa Conference and Expo – the most attractive forward thinking investment and future-focused urban planning event, is officially sold out due to a profound demand for participation and attendance!
Cities are burdened with aging and failing infrastructure in some areas on the one hand, as well as huge development and service delivery needs in previously disadvantaged areas on the other. In many cities across Africa, government institutions that are charged with the responsibility of delivering and maintaining infrastructure have become stretched by skills shortages and increased maintenance responsibilities.
Applying sustainability thinking to transform rapidly urbanising African cities can yield lasting solutions to the prevailing development challenges. This must be done in deliberate and practical ways so as to deliver the required ideological shifts in mindset to truly place African cities on new development trajectories.
The African Development Bank (AfDB) identified the management of rapid urbanisation in already overburdened cities as one of the key challenges for African policy makers in the coming decades.
Recently, parts of the African continent have achieved significant economic growth and sub-Saharan economies are forecast to grow at 5.8% for 2013, according to the IMF’s 2012/2013 World Economic Outlook. Many African economies have also experienced increased trade volumes and higher levels of foreign investment. Yet, in light of this relative economic success, the challenges of poverty, inequality and underdevelopment persist. Much of the recent economic growth has been spurred by improved demand for products in resources and primary sectors of African economies, as well as increases in commodity prices.
The emergence of African cities is the highest form of social organisation, often associated with advancing human development with cities incorporating economic, cultural and political factors. For instance Lagos in Nigeria has boomed from 300 000 inhabitants in 1960 to over 17 million today and Johannesburg is the largest city which boasts some of the richest mineral deposits the world has ever seen …
There are reams of impressive studies that quantify Africa’s infrastructure needs, and the Program for Infrastructure Development in Africa (PIDA) highlights 50 priority projects for the region, many of which enjoy strong political backing …
By 2030 Africa will have 760 million urban residents. By 2050 the figure is expected to grow to 1.2 billion. This rapid migration has intensified the need to develop Africa’s megacities, and infrastructure has become one of the key strategic priorities amongst senior leaders throughout Africa.
Two of the goals as set out in the National Development Plan (NDP) are the transformation of urban and rural spaces in South Africa and investment into a strong network of economic infrastructure designed to support medium to long-term objectives.
It is projected that by 2016, over 500 million Africans will live in urban centres, and the number of cities with more than 1 million people is expected to reach 65, compared to 52 in 2011. This is already on par with Europe and higher than India and North America. With 40 percent of its population living in cities, Africa is more urbanized than India (30 percent) and nearly as urbanized as China (45 percent).