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INTA has held in partnership with IAU-IF a round table on "Financialization and the capture of urban value" at the 8th edition of the Africities Summit in Marraskech, from 20 to 24 November 2018, organized by the United Cities and Local Governments of Africa (UCLG). The round table was part of the Open Sessions of the summit, the afternoon of November 22. 

Financialization describes the growing power of finance capital over economic, social and political processes. From an urban point of view financialization can also be understood as a form of accumulation characterized by the capturing of value and wealth through the provision of credit, insurance and forms of financial intermediation. The role of finance and financial actors in shaping the city is increasingly key to understanding some contemporary urban problems.

  • Why are rents rising?
  • Why is office space being built when we’re in the middle of a homelessness crisis and desperately need to increase the supply of affordable housing?
  • How and where is profit being produced from urban space and what are the likely outcomes of this type of model?


All of these questions in some way relate to how finance shapes the city. The roundtable led by INTA has proposed answers for these questions, to understand how to better use financialization for the urban space benefit.

// Check the presentation shown during the session (ppt)
// More information on urban financialization
// See the event page on Africities website 

Africities 8th Summit

AfricitiesTheme

 
The Africities summit is a pan-African event that is held every three years in one of the five regions of Africa, for communities and local authorities of African countries as well as financial institutions, civil society groups and development partners at continental and international level. Its aim is to define appropriate shared strategies in order to improve the living conditions of people at the local level and to contribute to the integration, peace and unity of Africa starting from the grassroots.

The stakeholders of African local life will discuss the future of Africa on three main segments : open sessions, thematic sessions and political sessions. The topics addressed will be numerous, from culture and heritage to climate change. The thematic sessions will be divided in 4 parts: transition, local strategies, innovative local practices and mobilizing local stakeholders. 

The Africities 8 Exhibition will host between 400 – 500 exhibitors.

 

Meet our speakers

 

 O armand beouinde

Armand Béouindé
Mayor of Ouagadougou
                                                                                 

 O Ingrid nappi choulet

Ingrid Nappi-Choulet
Professor at ESSEC Business School,
Real Estate and Sustainable Development Chair -
Chaired Professor

 O Eric Huybrechts

Eric Huybrechts
International Affairs manager,
Urban Planning Agency of Paris Region
(IAU-IdF)                            

 O Maurice Charrier

Maurice Charrier
INTA President, former Mayor or Vaulx en Velin,
former VP of Greater Lyon

 O Alice NABALAMBA

Alice Nabalamba
Chief Urban Development Officer,
Infrastructure, Cities and Urban Development Department,
AfDB                                                                                 

 O Lola DAvidson

Lola Davidson
Deputy Secretary General,
INTA

 O StefanAtchia.png copy

Stefan Atchia 
Acting Manager, Urban Development Division,
AfDB                                                                         

 O Hamadou Yalcouye

Hamadou Yalcouyé
Head of Studies, design, monitoring and management of local authority equipment, Agence de Développement Régional de Bamako

 

Conclusions

You can now consult the conclusions of this Africities Summit, some of our recommendations have been included in the general recommendations.

// See the summary of Africites 8 sessions
// See the declaration of mayors and local governments leaders

 

Organised by INTA in partnership with the Urban Planing Agency (IAU)

 intalogo 190 logo iau 


International Urban Development Association

A global membership association of urban policy-makers and practitioners to share knowledge, experience and tools for integrated territorial development.  // READ MORE