World Bank report: Improving conditions for people and businesses in Africa’s cities is key to growthWASHINGTON, February 9, 2017—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. In fact, Africa’s urban population will double over the next 25 years, reaching 1 billion people by 2040. African cities need to create an internationally competitive tradable sector in order to stay open for business.

Source: GNN Liberia February 09, 2017 09:45 UTC