2020
DOI: 10.1080/03056244.2020.1722088
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Finance, infrastructure and urban capital: the political economy of African ‘gap-filling’

Abstract: Financial flows into Africa are being reoriented through the pervasive discourse of the 'infrastructure gap'. I argue that the generation of new infrastructures identified as 'alternative assets' by global finance is also creating landscapes of opportunity for urban capital accumulation by more locally-embedded actors. Thus, as international financial flows are becoming 'infrastructuralized', domestic capital is increasingly 'real-estatized'. The conceptualization of African urban economies in terms of deficit… Show more

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Cited by 75 publications
(27 citation statements)
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“…Such programs can also provide targeted financial incentives, such as gender budgeting in the water-related sectors and training and technical support for community and women's groups (WIN 2016b). These should build on existing knowledge and operational systems, and they can integrate sustainable financial support for localized innovations, such as rainwater harvesting, water storage, and informal systems (Cirolia 2020;Goodfellow 2020).…”
Section: Strategies Forwardmentioning
confidence: 99%
See 1 more Smart Citation
“…Such programs can also provide targeted financial incentives, such as gender budgeting in the water-related sectors and training and technical support for community and women's groups (WIN 2016b). These should build on existing knowledge and operational systems, and they can integrate sustainable financial support for localized innovations, such as rainwater harvesting, water storage, and informal systems (Cirolia 2020;Goodfellow 2020).…”
Section: Strategies Forwardmentioning
confidence: 99%
“…The financing agenda from MDBs and other financiers must work with existing systems in city-regions to reflect the governance and service delivery infrastructure on the ground (Cirolia 2020;Goodfellow 2020). One way to improve this is for financiers and NGOs to organize, train, and build capacity for local city decision-makers on contract design and negotiations to reflect on-the-ground needs.…”
Section: Box 11 | Early Reflections From Building Urban Water Resilience In Addis Ababamentioning
confidence: 99%
“…An underlying assumption is that, by improving planning and increasing density in unruly cities, they will become more sustainable. Existing theories of urban real-estate investment are unable to explain developments in cities like Addis Ababa (see Goodfellow 2017Goodfellow , 2020. There is even less understanding of urban densification of low-income housing that responds to the lived reality and actual needs of residents.…”
Section: Literature Reviewmentioning
confidence: 99%
“…In 2017, the World Bank estimated that for a period between 2016–2040, the global infrastructure deficit will amount to about $15 trillion in 50 countries ( Baker et al, 2019 ). Africa has been assessed to have limited infrastructure whilst the SSA region is noted to be the least developed and lacking in all key infrastructure areas ( Goodfellow, 2020 ). Although it is the responsibility of governments to provide physical assets (such as water, energy and transport facilities) for the populace, most countries can scarcely afford to do so due to competing needs for limited government resources ( Wentworth & Makokera, 2015 ).…”
Section: An Examination Of Sub-saharan Africa’s Infrastructure Deficitmentioning
confidence: 99%