Financing Africa S Cities

Author : Thierry Paulais
Publisher : World Bank Publications
Page : 378 pages
File Size : 52,8 Mb
Release : 2012-07-05
Category : Business & Economics
ISBN : 9780821389485

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Financing Africa's Cities by Thierry Paulais Pdf

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 : OECD,United Nations Economic Commission for Africa,African Development Bank
Publisher : OECD Publishing
Page : 207 pages
File Size : 50,9 Mb
Release : 2022-04-26
Category : Electronic
ISBN : 9789264770867

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West African Studies Africa’s Urbanisation Dynamics 2022 The Economic Power of Africa’s Cities by OECD,United Nations Economic Commission for Africa,African Development Bank Pdf

This report provides a new perspective on Africa’s urban economies that is unique in its breadth and level of detail. Based on data from more than 4 million individuals and firms in 2 600 cities across 34 countries, it presents compelling evidence that urbanisation contributes to better economic outcomes and higher living standards.

Author : Catherine Farvacque-Vitkovi?
Publisher : World Bank Publications
Page : 192 pages
File Size : 45,9 Mb
Release : 1998-01-01
Category : Political Science
ISBN : 0821338862

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The Future of African Cities by Catherine Farvacque-Vitkovi? Pdf

The growth of Africa's cities has outstripped local capacities of management, absorption, and financing. Yet cities do not have to be a drain on the national economy ; on the contrary, they can add new dynamism to the process of economic growth. This book addresses two basic questions : What have we learned ? Where are we going? It takes stock of two decades of experience in urban development, proposes a common-sense priority agenda for the urban sector in the region, and suggests some operational tools to carry it out. (Adapté du résumé de l'auteur).

Author : George E Peterson,Patricia Clarke Annez
Publisher : SAGE
Page : 368 pages
File Size : 45,6 Mb
Release : 2007-04-04
Category : Business & Economics
ISBN : 0761935649

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Financing Cities by George E Peterson,Patricia Clarke Annez Pdf

This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include: - Impact of political and fiscal decentralization - Limitations on borrowing - Managing moral hazard - The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 53,7 Mb
Release : 2007
Category : Finance, Public
ISBN : 0761035648

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Financing Cities by Anonim Pdf

Presenting experiences from India, China, Brazil, South Africa and Poland, 'Financing Cities' examines the need to boost infrastructure investment in cities as well as the need for prudent fiscal management across all levels of government. This is discussed within the context of the decentralization of service delivery responsibilities

Author : Somik V. Lall,J. Vernon Henderson,Anthony Venables
Publisher : World Bank Publications
Page : 0 pages
File Size : 51,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 1464810443

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Africa's Cities by Somik V. Lall,J. Vernon Henderson,Anthony Venables Pdf

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 : Alosyus Mosha
Publisher : UN-HABITAT
Page : 54 pages
File Size : 52,7 Mb
Release : 2010
Category : Business & Economics
ISBN : 9789211321982

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Challenges of Municipal Finance in Africa by Alosyus Mosha Pdf

"Principal author: Alosyus Mosha"--Acknowledgements.

Author : OECD,Sahel and West Africa Club
Publisher : OECD Publishing
Page : 145 pages
File Size : 42,5 Mb
Release : 2020-02-07
Category : Electronic
ISBN : 9789264314306

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West African Studies Africa's Urbanisation Dynamics 2020 Africapolis, Mapping a New Urban Geography by OECD,Sahel and West Africa Club Pdf

This report, based on the Africapolis geo-spatial database (www.africapolis.org) covering 7 600 urban agglomerations in 50 African countries, provides detailed analyses of major African urbanisation dynamics placed within historical, environmental and political contexts.

Author : Vuyisani Moss
Publisher : UN-HABITAT
Page : 96 pages
File Size : 41,7 Mb
Release : 2008
Category : Demography
ISBN : 8210379456XXX

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Housing Finance System in South Africa by Vuyisani Moss Pdf

Author : Abdou Maliqalim Simone,Abdelghani Abouhani
Publisher : Zed Books
Page : 330 pages
File Size : 52,6 Mb
Release : 2005-05
Category : Political Science
ISBN : 1842775936

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Urban Africa by Abdou Maliqalim Simone,Abdelghani Abouhani Pdf

Including case studies from Dakar, Addis Ababa, Cape Town, Kisangani, Jos, Zaria, Cairo and Marrakesh, this text presents the complex social dynamics of human survival in African cities today.

Author : European Investment Bank
Publisher : European Investment Bank
Page : 261 pages
File Size : 51,7 Mb
Release : 2020-02-26
Category : Business & Economics
ISBN : 9789286144936

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Banking in Africa: financing transformation amid uncertainty by European Investment Bank Pdf

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 : Philip Van Ryneveld
Publisher : World Bank Publications
Page : 17 pages
File Size : 54,7 Mb
Release : 2006
Category : Cities
ISBN : 8210379456XXX

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Mobilizing urban infrastructure finance within a responsible fiscal framework : South African case by Philip Van Ryneveld Pdf

Abstract: Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as health and education, the provision of much of the urban infrastructure is the responsibility of local government. Although many challenges remain, the country has made significant progress over the past decade in addressing urban service backlogs in poor areas. At the same time, it has greatly improved macroeconomic fundamentals. The system of financing local government seeks to place accountability firmly at the local level, with most revenues in the larger urban centers raised locally through a combination of local taxes and fees for services, while poorer regions are predominantly grant funded. The objective has been to encourage the financing of capital infrastructure through local borrowing based on sustainable, transparent local finances rather than national repayment guarantees, which are outlawed. There is some indirect subsidization of loans through the state-owned Development Bank of Southern Africa. But the emphasis is on achieving redistribution through transparent, formula-based grants paid directly from national to local governments. While further bedding down of the system is needed, the approach is proving largely successful. The paper concludes by recommending that the existing division between provinces as providers of social services and local governments as the key locus of responsibility for services related to the built environment should be strengthened, particularly through the devolution of more urban transport related functions. A number of key risks are also highlighted, including issues related to the reform of local business taxes.

Author : Anonim
Publisher : Unknown
Page : 64 pages
File Size : 51,6 Mb
Release : 2011
Category : Housing policy
ISBN : OSU:32435082453648

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Housing the Poor in African Cities: Housing finance : ways to help the poor pay for housing by Anonim Pdf

Author : Muhammad Al Bashir Muhammad Al Amine
Publisher : Springer
Page : 384 pages
File Size : 48,6 Mb
Release : 2016-06-08
Category : Business & Economics
ISBN : 9783319288352

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Islamic Finance and Africa's Economic Resurgence by Muhammad Al Bashir Muhammad Al Amine Pdf

This book analyzes Africa's unprecedented economic growth, the state of its financial sector, and the varied opportunities for Islamic finance investors. It considers the role - potential and realized - of Islamic finance in fostering financial inclusion in areas such as banking, microfinance, capital market development, insurance, and private equity business. The book stresses that investing in Africa through Islamic finance will open new markets, ensure higher profit margins, diversify risk, and create business competition; and that these changes that will provide financial products that can satisfying the desires and beliefs of all consumers and unlock the real potential of the continent's financial system. The book also looks into the rise of international interest in Africa and concludes by scrutinizing the challenges impeding further economic growth, as well as the specific barriers that need to be addressed in order to promote the implementation of Islamic finance. Investors, policymakers, and academics ready to confront these challenges will find much of value in this book.

Author : CTA,AFRACA
Publisher : CTA
Page : 56 pages
File Size : 45,9 Mb
Release : 2016-12-31
Category : Business & Economics
ISBN : 8210379456XXX

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Opportunities for value chain finance in Africa’s intra-regional food trade by CTA,AFRACA Pdf

This brief paper explores the opportunities for African banks in financing intra-African food trade, in particular using value chain financing mechanisms (also called structured financing techniques). Value chain financing is used widely in the continent’s agricultural trade, but mostly for exports to and imports from other parts of the world, not for intra-African trade.