Trusted business intelligence on Africa and Middle East

The Government of Ghana has listed five key development areas in “The Coordinated Programme of Economic and Social Development Policies”. These development areas centres around socio-economic development, good governance, sustainable development and strengthening the country’s role in international affairs.

Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.

Africa is witnessing a growth in large-scale projects that will affect its economic growth in the future. Needless to say that the sustainable energy industry is thriving, and most of the top ongoing mega projects are those that deal with the production of cleaner energy.

Minerals have dominated Botswana’s economy since 1972. Today there are more than $10 billion of mining projects in Botswana.

Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.

Southern Africa has a total population of 68 million people, which will increase to 76 million over the next decade. Predominantly an arid region, two out of the five Southern African nations are classified as high water stress countries.

Labour and commodity costs in Africa are significantly lower than anywhere else. What is lacking is know-how and funding. Inflation at manufacturing hubs could present an opportunity for African leaders. Will they embrace it?

In 2020, construction work started on $17 billion of privately funded energy projects in Sub-Sahara Africa. Forty-four per cent of the projects were in Nigeria, followed by Angola with 14 per cent.

In 2020, Sub-Sahara Africa started construction work on projects with a combined value of $45 billion that received funding.

Egypt is the third-largest economy in Africa and the second-most populous. By 2050, Egypt will have 160 million people; 22 per cent will be younger than 18 years of age.