African city investment will require far more than ambitious master plans. Jeremy Gorelick, President of Mineral Springs, explains what makes urban projects investable. He also leads the Cities Investment Forum, part of the New Cities Summit on 7-8 December 2026 in Waterfall City, Johannesburg. If you invest in, build, or finance African cities, come and meet the people doing it. Register: https://www.newcitiessummit.org/tickets?utm_source=dailyinvestor&utm_medium=sponsored-podcast&utm_campaign=ncs2026_launch&utm_content=smart-money-description Gorelick discusses how Africa’s rapid urbanisation is creating enormous demand for housing and infrastructure, while governments and development finance institutions cannot fund that growth alone. He explains why private capital is increasingly important and why many projects stall during the early pre-feasibility stage before they can attract serious investors. The conversation explores how developers build a viable capital stack using equity, debt, credit enhancement, and concessionary finance. Gorelick also explains what investors look for in financial models, demand assumptions, developer track records, and projected returns. He also shares a Cape Town infrastructure case study and discusses how city developments can balance private returns with public priorities such as affordable housing.