World Bank calls for financing to support sub-Saharan Africa’s urbanisation
By the AFREEQUE newsroom, based on ANG
Illustrative image · Abdulrahman Abubakar · Pexels · Licence PexelsThe World Bank is calling for more investment in transport, affordable housing and land-use planning in sub-Saharan African cities. Their population is expected to increase by 748 million between 2025 and 2050, creating job potential but also major municipal financing needs, according to the ANG agency.
The World Bank estimates that sub-Saharan Africa’s urban population will increase by 748 million people between 2025 and 2050. In a new report, the institution says this growth could support job creation and economic growth, provided public investment is directed strategically.
The World Bank Group’s managing director, Paschal Donohoe, said the urban transition could transform the regional labour market, particularly through land-use reforms capable of attracting private capital and increasing productivity. The World Bank also recommends developing economic hubs in major urban centres by investing in transport and affordable housing.
The institution is calling on authorities to set aside space for infrastructure before suburbs expand. It also advocates low-cost technologies to modernise property taxation and increase municipal revenue, as well as targeted support for small towns with strong economic potential along transport routes, according to ANG.
