There is no single approach to Smart Cities and Communities Smart Cities and Communities programs, no end point, but rather a process, or series of steps, by which cities and communities become more “liveable” and resilient and, hence, able to respond quicker to new challenges. Thus, the African Innovation Partnerships on Smart Cities and Communities aims to support its partners in developing action plans that address threer dimensions of Smart Cities and Communities.
DIMENSION I: ENVIRONMENTAL SUSTAINABILITY AND CLIMATE CHANGE Read more>>
DIMENSION II: URBAN SUSTAINABILITY Read more>>
The Initiative addresses the three critical dimensions by:
1. Serving as a multi-stakeholder platform for the exchange of experiences and best practices on different
aspects of smart cities and communities between the partners of the Initiative through:
a. Organization of international conferences and networking events
c. Studies and publications on different aspects of smart cities.
2. Supporting partners with their Smart Cities and Communities Initiatives and preparation of their city
profiles, other relevant studies, organization of their international events, and development of possible
projects. Promoting these cities at the project global and regional events through presentations at
international conferences and events and publications.
3. Involvement of the private sector to create a linkage between the public and the private sector to ensure
a sustainable and long-term development.
It is the ambition of the initiative to become an international smart cities and community’s platform serving the needs of all African countries, irrespective of their economic status or level of development. The Initiative therefore examines the concept of a smart city and community in different geographical contexts, taking into account of country geographical varieties as well as economic development levels. It seeks to create a demonstration that would put into practice sustainable urban and rural development principles and practices, including new business models, which can attract capital, technology and managerial skills to meet the challenges of today’s society.
STRATEGIC PLAN: – 2016 – 2025
The Initiative plans to develop 10 pilot and demonstrative Smart Cities and Communities, and to complete action plans for 30 intermediate and fast-growing African cities between 2016 and 2025. The Initiative would require the partners to issue policies to encourage market-based investment and financing, supporting intelligent upgrading of public utilities and fast implementation of smart grids, smart transport, smart water supplies, smart land administration and smart logistics, etc.
FINANCIAL INSTRUMENTS AND FUNDING SOURCES
The Initiative applies innovative and ethical business and financial models, public private partnerships that combine industry with private-public investments to support the development of its projects in Africa. Furthermore, the Initiative helps to structure and raise financing from a host of international lenders, including commercial banks, multilateral and bilateral lending institutions, export credit agencies, and capital markets to develop and finance projects in Africa.