Africa’s cities are growing in population – adding the size of another Nigeria to cities by 2025 – so have a critical role to play in their countries’ economic growth, says a new World Bank report released today. Improving conditions for people and businesses in African cities by aggressively investing in infrastructure and reforming land markets is the key to accelerating economic growth, adding jobs, and improving city competitiveness.
The report, Africa’s Cities: Opening Doors to the World, notes that to grow economically as they are growing in size, Africa’s cities must open their doors and connect to the world. Africa’s urban population stands at 472 million people today. As cities grow in size, another 187 million people will be added to urban areas by 2025. In fact, Africa’s urban population will double over the next 25 years, reaching 1 billion people by 2040.
Africa’s Cities : Opening Doors to the World
“What Africa needs are more affordable, connected, and livable cities,” said Makhtar Diop, World Bank Vice President for Africa. “Improving the economic and social dividends from urbanization will be critical as better developed cities could transform Africa’s economies.”