FINANCING AFRICA’S URBAN OPPORTUNITY - THE ‘WHY, WHAT AND HOW’ OF

This is lower than the averages for the Middle East and North Africa (99.4%), Latin America and the Caribbean (99.6%), South Asia (99.5%) and the world (97.3%).14 In that same year, only 44.9% of sub-Saharan Africa’s urban dwellers used at least basic sanitation services (compared to 94.1% in the Middle East and North Africa region and 84.4% at the global level).15 Thus far, the continent has fail. [...] GLOBAL | 19 is more difficult to counter.24 For example, the frequency and intensity of natural disasters will expose the absence of cadastral systems and census data, frustrating the mobilisation of relief efforts and spreading conflicts over boundaries and the allocation of resources. [...] The floods of 2009 in Saint Louis, Kaolack, Thies and Dakar resulted in the temporary displacement of more than 200,000 people and caused more than US$100 million in damages and losses.31 Floods in 2012 in Saint Louis, Bambey and Dakar displaced more than 5,000 families.32 According to the World Bank, €40 billion worth of economic assets are vulnerable to flooding in the Dakar region alone.33 • An. [...] v Net present value (NPV) is the difference between the present value of the total benefits of an intervention and the present value of the total costs of an intervention over a period of time, in this case to 2050. [...] productivity of citizens Shifting investment from fossil fuels to renewables is an in African cities and the imperative, not only for the global climate, but also for resilience of these areas the health and productivity of citizens in African cities and the resilience of these areas to climate impacts.