Thursday, January 8, 2015
The role of Africa's cities as business 'gateways'.
Chinese firm Shanghai Wendai today began work on an 84 billion rand (7.2 billion dollar) project to build a new 'city' and business district in Modderfontein, near Johannesburg. Even if only partly completed, it will reinforce the latter's position as Sub-Saharan Africa's (SSA) pre-eminent corporate and financial services hub and 'gateway' for businesses operating in the wider region.
- Despite repeated African Union pledges, plans for linking most of SSA's main cities with transcontinental highways will remain aspirational.
- Fiscal constraints and weak planning capacity will undermine SSA cities ability to prepare for climate risks.
- SSA role in global cities organisations, eg C40 Cities, will remain limited beyond South African, Kenyan and Nigerian cities.