LAND BASED FINANCE FOR SUSTAINABLE URBAN DEVELOPMENT IN AFRICA: CHALLENGES AND PROSPECTS
As African cities expand so does the pressure to improve infrastructure and extend key public services for the growing urban populations. With limited tax receipts, local governments are struggling to finance new urban development or even maintain existing infrastructure. As land has inherent advantages in generating revenue, Land-based financing (LBF) is being seriously considered or piloted as an innovative and additional source for enhancing budgets for infrastructure projects, public services and wider sustainable development.