Tag: Alex Mabunda
Fiscal freedom for cities – unlocking Africa’s urban potential
Africa stands at the most consequential crossroads of its modern development. Our continent is urbanising at a breathtaking pace, a transformation that holds the promise of unprecedented economic growth, innovation and improved living standards. Yet, this promise is being stifled by a critical structural flaw: our cities, the very engines of this growth, are financially hamstrung.
Why Africa’s cities need the power to fund themselves
Africa is urbanising rapidly. According to Africa’s Urbanisation Dynamics 2025 OECD report, our cities will house 1.4 billion people by 2050 – twice today’s number. But this growth is happening in cities that lack the financial power to shape their own futures. Most African cities struggle to raise revenue, borrow money or spend capital at scale.
