Tag Archives | African cities
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
Seven of the world’s ten fastest growing economies are in Africa, 52 African cities have populations of over 1 million people and by 2040 it is expected that 1.1 billion Africans will be of working age. Africa has 60% of the world’s uncultivated, arable land; 56.7% of the world’s diamond (gemstone) production, 66% of the worlds’ cocoa production, 10% of the world’s oil reserves, 80-90% of the world’s platinum group metal reserves and 40% of the world’s gold reserves.
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.
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 …
While African cities do bring with them great economic growth prospects and coordinated development, and urbanisation is often associated with rising incomes and better living standards, lack of resources, inadequate infrastructure and poor planning or management pose enormous challenges …
Africa’s rate of urbanisation and the development of cities has been slow, but the rise of emerging African cities has coincided with the continent’s growth and rejuvenation …
Accra, Lusaka and Luanda have been identified as the African cities with the highest potential for growth over the next 5 years. The growth rates were developed taking into account historical and projected future data.
These factors include economic data, governance levels, infrastructure and ease of doing business. Accra’s high growth rate is a result of its growth in gross domestic product per capita and growth in household consumption, ease of doing business and strong regulatory environment.