Urbanization has had a tremendous effect on increased productivity. It has reduced transaction costs and increased access to more educational, medical and sanitation facilities.

Can Africa become the next big economic success ?
* Africa needs infrastructure development to match urbanization rates
* Africa needs education to increase and match its growing population
* Africa needs to leverage new technology that can enable it to leapfrog over gaps

Rapid Urbanization + insufficient infrastructure investment = Giant urban slums

In 2009, a World Bank Analysis indicates that Africa needed $93 billion per year to fill the infrastructure gap In 2015, a study tracked a surge in funding for Africa. The key finding is that, despite the progress in raising fiscal revenues, sub-Saharan African countries need to raise more domestic finance—and more generally create fiscal space—to meet the infrastructure gap.