Urbanization will be a defining transformation in sub-Saharan Africa over the coming decades. As the fastest growing region in the world, it will require the building of housing and infrastructure to accommodate a growth from 1.2 billion people to double that by 2050.
The U.S. witnessed an urban and suburban transformation in the first half of the 20th century. Japan, South Korea, and other rapidly modernizing East Asian countries experienced an even more explosive transition in the second half of the century. Now in the 21st century, Africa is set for its own ambitious transformation. New technology and awareness around social and environmental issues point to opportunities to create smart cities that intelligently address the challenges of infrastructure, sanitation, safety, and sustainability.
In addition to directly promoting higher living standards and economic activity, an estimated 5 jobs are created for every housing unit built. Housing and commercial development represent a high-impact, high-value opportunity in line with SIMBA’s mission of sustainable development.