Marrakech – The African Development Bank (AfDB) has pledged to increase its investment in cities, recognizing their role as the continent’s economic engines. The session also included a presentation on a new report on African cities, titled From Millions to Billions: Financing the Development of African Cities, commissioned by the AfDB. The commitment to invest in cities is a welcome development, as Africa’s urban population is growing rapidly. Cities are the engines of economic growth, but they need investment in infrastructure and services to keep up with the growing demand. The AfDB and other development partners are playing a vital role in helping African cities to grow and develop in a sustainable way.
Source: Daily News Egypt November 10, 2023 17:06 UTC