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  • 29 Jul 2015
    By segun
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    According to the KPMG report Construction and Infrastructure 2015, 12 countries are seen as opportunities for investment and profit in the construction sector. They are: Angola, Ethiopia, Ghana, Ivory Coast, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Uganda and Zambia. The combined value of their capital stock equalled almost $265 billion during 2013, or 57.5% of the continent’s infrastructure stock.

     

    The Big 12:

    1. Angola:  The government is planning to spend almost US$23bn on the non-oil economy during 2015-17 and has identified agriculture, food, services, refineries, public utilities, transport, and logistics as areas that can reduce the country’s dependence on the oil sector.

    2. Ethiopia: Ethiopia’s ability to supply the region with electricity will be a key factor in supporting regional integration, allowing the country to take advantage of its demographic and natural resource advantages.

    3. Ghana: The share of Ghanaians in the low income bracket is expected to fall from 60% at present to just 20% by 2030, while an emerging middle class and a small upper middle income group are also expected to emerge, accounting for 20% and 10% of the population, respectively, in 15 years from now.

    4. Ivory Coast: Business Monitor International (BMI) projects the local construction sector to grow by an average of 9% p.a. during 2015-19.

    5. Kenya: The World Bank will loan the EAC $1.2 billion to improve inland waterways and ports in Kenya and Tanzania, as part of efforts to boost integration in the region.

    6. Mozambique: Mozambique could see up to $20 billion in net FDI during 2014-18 of which 80% will go towards the development of the gas industry.

    7. Namibia: Namibia is positioning itself to play an even greater role as logistics hub for the Southern African region, in particular landlocked countries like the Botswana, the Democratic Republic of the Congo (DRC), Malawi, Zambia and Zimbabwe.

    8. Nigeria: The Nigerian National Petroleum Corporation (NNPC) expects to see US$16bn investment into gas-to-power, gas-based industrialisation and gas export activities over the next four years.

    9. South Africa: There is no reason to believe that the hefty amounts of construction spending that South Africa has seen over the past decade and that is driving the continent’s infrastructure development as a whole will stop anytime soon.

    10. Tanzania: The industrial sector’s contribution to GDP will rise in the long term as the country’s deposits of coal, natural gas, and uranium are mined, while the manufacturing sector is expected to gain further in importance.

    11. Uganda: The industrial sector as a whole will become an increasingly important contributor to economic growth in coming years due to the development of the country’s fledgling hydrocarbons sector. Uganda is expected to maintain a healthy inflow of foreign direct investment (FDI) going forward, with the extractive sector anticipated to remain the country’s main FDI drawing card.

    12. Zambia: Zambia is favourably located as a regional hub and entry point into the SADC and close to the fast-growing EAC region, a position which could only firm up with the completion of the country’s ambitious road, rail and freight transport and power infrastructural programme.

     

    Areas of Construction and Infrastructure Boom in Africa

     

    Do you have, or are you part of, an ongoing project in Africa? What are the opportunities you see, or have been able to benefit from recently? Leave your comments below or on ConstructAfrica's Facebook page. Connect with us at @africaconstruct on Twitter. If you know anyone who you think will benefit from this blog post, you can use any of the share buttons below to share with them.

     

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  • Segun Faniran - Founder, ConstructAfrica
    Segun Faniran

    Dr. Segun Faniran is the founder of ConstructAfrica.  He has a background in civil engineering and construction, and international experience spanning Africa, Australia and the Middle East.  Segun has a particular interest in promoting awareness of the key factors associated with the successful delivery of major projects in emerging market economies such as Africa and the Middle East, and providing requisite services to assure successful project outcomes.   

     

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