In awarding this prize, the Deutsche Bank has, since 2007, recognised the partnerships existing between citizens, government, businesspeople and NGO’s that have contributed towards improving the quality of life in cities. The Deutsche Bank Urban Age Award was presented for the first time in Mumbai in 2007, followed by São Paulo in 2008, Istanbul in 2009 and most recently Mexico City in 2010. The 2012 Award will honour one or more projects located in the metropolitan region of Cape Town. The winning project will be awarded R750 000.00 in prize money.

Ukunikezela eli bhaso, iBhanki yeDeutsche eyathi ukususela ngo 2007, yaqwalasela ulwahlulelwano olukhoyo phakathi kwabemi, urhulumente, abantu abanamashishini kunye neeNGO ezathi zanegalelo ekuphuculweni komgangatho wobomi beedolophu. iBhanki yeDeutsche Urban Age ye-Awadi yanikezelwa okokuqala eMumbai ngo 2007, yalandelwa yiSão Paulo ngo 2008, Istanbul ngo 2009 kunye nesanda kubakho ngoku kwidolophu yase Mexico ngo 2010. Ngo 2012 i-Awadi izakuwonga iprojekti enye okanye ezininzi ezikumandla wemetropoli yaseKapa.

Deur die toekenning van hierdie prys erken die Deutsche Bank sedert 2007 die vennootskappe wat tussen stedelinge, regering, sakemense en NSO’s bestaan, wat tot die verbetering van die gehalte van lewe in stede bydra. Die Deutsche Bank Urban Age-toekenning is die eerste keer in 2007 in Mumbai toegeken, gevolg deur São Paulo in 2008, Istanbul in 2009 en meer onlangs Meksikostad in 2010. Die 2012-toekenning sal een of meer projekte vereer wat in die metropolitaanse streek van Kaapstad geleë is.