Tag Archives | cities
Ethiopia is one of the most promising regions in Africa for retail development over the next two decades, in our opinion. Ethiopia’s promise can be attributed to the combination of its large population size and good prospects for economic growth.
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
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.
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.
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.
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 …
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.
Accra, Ghana’s booming capital, was identified as having the highest growth potential of any city on the continent, according to the MasterCard African cities growth index, launched in Johannesburg on January 29th. The index was produced by Prof George Angelopulo of the University of SA and Prof George Roger of the University of Cape Town on behalf of MasterCard.