ANALYSIS INTRODUCTION ECONOMY AND FINANCE URBAN INFRASTRUCTURE FINANCIALISATION IN AFRICAN CITIES Jeremmy Okonjo Janet Jebichii Sego Olive Chege July 2024 Increasingly, urban infrastructure is no longer provided by the State and countries turn to the private sector, especially financial markets, as is the case with housing finance in Kenya. Financial market rationalities, like short-termism and shareholder value, now shape urban infrastructure management, overshadowing values of dignity, equality, diversity, and democratic participation. An anti-financialization response is required, that re-embeds these community values at the centre of urban infrastructure. Tanzania Office 1
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Urban infrastructure financialisation in African cities
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