Land based finance for sustainable urban development in Africa: Challenges and prospect

Article


Sait, S. 2020. Land based finance for sustainable urban development in Africa: Challenges and prospect. African Journal on Land Policy and Geospatial Sciences. 3 (3), pp. 96-113. https://doi.org/10.48346/IMIST.PRSM/ajlp-gs.v3i3.23884
AuthorsSait, S.
Abstract

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. However, the potential and limitations of implementing LBF in African socio-economic and political contexts have been under-researched. LBF feasibility depends on efficiency of several systems such as land rights, land markets, planning process, valuation protocols, local economic strategies and stakeholder involvement as part of a wider functional land governance framework. Based on emerging literature review and assessment of the policy discourse, this article critically explores the Responsible Land Administration (RLA) principles, professional practices and technical capacities that could facilitate the deployment of LBF instruments to invigorate smart, prosperous, fair and inclusive African cities.

JournalAfrican Journal on Land Policy and Geospatial Sciences
Journal citation3 (3), pp. 96-113
ISSN2657-2664
Year2020
PublisherInstitut Marocain de l'Information Scientifique et Technique
Publisher's version
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Anyone
Digital Object Identifier (DOI)https://doi.org/10.48346/IMIST.PRSM/ajlp-gs.v3i3.23884
Publication dates
Online30 Nov 2020
Publication process dates
Accepted12 Nov 2020
Deposited08 Dec 2020
Copyright holder© 2020 The Author
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