Tag Archives | future
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.
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.
In this episode of the Africa Conversation Series, the panel of industry experts discuss the challenges that infrastructure poses of the progression and economic growth of Africa. The constraints to growth posed by inadequate infrastructure – whether it be road, rail, power, or ICT – is all too familiar. There is persistant talk of need to be physically building Africa. In this episode we hear a discussion on the pace of transformation and the strides that have been take in the area of infrastructure in Africa.