The African Union and a unit of Singapore’s Temasek are considering backing a plan to develop as many as 123 new cities across Africa. The plan, developed by Cape Town-based private initiative Africa123, envisages the construction of the cities over the next two decades at a cost of as much as S$202 billion. The aim is to meet a continent-wide housing deficit. The World Bank predicts that 216 million people in Sub-Saharan Africa will live in shanty towns by 2063.
Source : The straits times
