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Across the globe, interest in opportunities to realise value through investment in urban development has expanded considerably and the growing financialization of the global economy has brought new actors into the urban arena, for example, transnational investment trusts (REITs) and institutional investors such as pension funds. While such processes are incipient in the African context, and local capital and processes are still prominent including African pension funds and sovereign wealth funds, there is a substantial mobilization of global private sector interest in Africa’s urban future and a wide array of private sector urban design and construction firms involved in all developments, although the potential to extract local benefit from this investment is uneven across contexts.
- How do we research ‘circuits’ of finance?
Central to the interests of the Making Africa Urban (MAU) project is the relationship between finance and urban development. How is it that different sources of capital, from a variety of different places, across a variety of different scales...continue