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Challenges in Administering Property Value Capture in Tanzanian Cities

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DOI: 10.4236/ojbm.2019.73097    106 Downloads   240 Views
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ABSTRACT

Most of urban areas in Africa, including in Tanzania, are facing huge infrastructure gaps that require innovative financing mechanisms. Due to the rapid pace of urban development in Africa, land or property value capture could be one of the effective strategies for raising much-needed resources. The paper, using cases of two projects in the Dar es Salaam metropolitan area, examines how the preconditions of implementing land value capture instruments prevail in Tanzania. It evident from the analysis of the legal context and the projects, concerning the prevalence of supportive preconditions for applying value capture instruments, the laws and urban management practices are quite superfluous in their provisions and proposals such that they do not give the required force, although general mandates are there. Impliedly, the laws and practices were designed without a specific focus or outlook towards making applications of property value capture instruments possible. This is a critical area that requires intervention to improve the financing of urban development needs in Africa.

Cite this paper

Namangaya, A. (2019) Challenges in Administering Property Value Capture in Tanzanian Cities. Open Journal of Business and Management, 7, 1412-1428. doi: 10.4236/ojbm.2019.73097.

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