Africa Projects Outlook

Africa Projects Outlook

Economic activity in Africa has been rapidly expanding over recent decades. The IMF predicts growth on the continent to accelerate further in upcoming years, from 3.5% in 2024 to 4.3% in 2029. With a large, young, and growing population, many African countries are benefiting from an expanding labour force, while much of the rest of the world is aging

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Water projects in Africa and the Middle East – $143 billion in active investment projects

Water projects in Africa and the Middle East – $143 billion in active investment projects

Clean water is one of mankind’s most crucial resources. While some African countries are capitalizing on an abundant supply, others, especially in North Africa and the Middle East, increasingly need to manage their water resources wisely. Additionally, urbanization across the region means that wastewater treatment is becoming a necessity to maintain public health and environmental protection.

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Oil and Gas Projects in Africa and the Middle East – a $900 billion opportunity

Oil and Gas Projects in Africa and the Middle East – a $900 billion opportunity

Extractive industries, namely mining, oil, and gas, have long played a significant role in Africa and the Middle East. Many countries are trying to diversify their economies away from these extractive industries. However, they still represent a significant share of export earnings and government revenue in countries such as Saudi Arabia, Nigeria, and Angola for oil and gas, as well as Ghana and the Democratic Republic of Congo (DRC) for mining.

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Building Projects in Africa – 1000 opportunities worth $812 billion

Building Projects in Africa – 1000 opportunities worth $812 billion

Demographics are one of the major drivers of growth in Africa. From 2022 to 2023 alone, Africa added approximately 30 million inhabitants – the equivalent of the total population of countries like Malaysia or Saudi Arabia. What’s more, an increasing share of Africans live in cities. Between 2015 and 2023, the urbanization rate in Africa increased from 40.9% to 44.7%. In other words, over these 8 years, Africa’s cities grew by more than 160 million inhabitants (Source: Worldometer, 2024). Beyond an increased need for electricity and transportation, this trend is driving building construction projects in Africa.

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The Power Sector in Africa

The Power Sector in Africa

The African continent needs enormous investments in the power sector to supply its rapidly growing population and economy. Additionally, the continent’s rich endowment with renewable energy sources such as solar, wind, and hydropower places it in a prime position to export energy in the form of hydrogen to global markets.

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Muyembe Nakapiripirit Road

Muyembe Nakapiripirit Road

The Muyembe-Nakapiripirit Road is a major infrastructure project currently underway in Eastern Uganda. This 92.2-kilometer road will be upgraded from gravel to a paved, asphaltic standard, connecting the towns of Muyembe in Bulambuli District to Nakapiripirit in Nakapiripirit District. The project is expected to be completed in 2023 (although there may have been delays due to recent heavy rains).

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Market Snapshot: The Egyptian construction sector

Market Snapshot: The Egyptian construction sector

Over recent decades, Egypt has seen substantial economic growth. In 2000, GDP in current prices stood at $104 billion. In 2022, it had more than quadrupled to $475 billion. Despite a likely drop in 2023 and 2024, the IMF forecasts GDP to rise again to nearly $600 billion by 2028. GDP growth is forecasted to strengthen from 3.6% in 2024 to more than 6% in 2028. Between 2024 and 2028, the IMF expects GDP per capita to grow from $3,300 to about $5,000.

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Project showcase: Driving innovation in Kenya – Konza City

Kenya presents diverse economic opportunities fuelled by its strategic location, natural resources, and growing consumer market. Key sectors such as agriculture, tourism, and technology offer avenues for investment and growth, while government initiatives aim to enhance infrastructure and attract foreign investment. With a youthful population and a dynamic entrepreneurial spirit, the country seeks to continue its recent strong economic track record.

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Project Showcase: Boosting Economic Activity through the South Africa Eastern Corridor Development

South Africa offers a multitude of business opportunities across various sectors, attracting investors with its diverse economy and strategic location. With a sophisticated financial services sector and a booming technology landscape, opportunities abound for companies from around the world. Additionally, sectors such as renewable energy, agriculture, and tourism present lucrative prospects for investment, driven by the country’s natural resources and rich cultural heritage.

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Project Showcase: Connecting Lagos with the Fourth Mainland Bridge

Project Showcase: Connecting Lagos with the Fourth Mainland Bridge

The Nigerian infrastructure sector presents a fertile ground for diverse business opportunities. With a growing population and urbanization trend, there is a pressing need for improved transportation systems, modernized energy infrastructure, and expanded telecommunications networks. Investors can capitalize on these demands by participating in construction, engineering, renewable energy, and technology ventures, contributing to economic growth and societal development.

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Project Showcase – Nigeria Power Sector: The Abuja Power Plant in Gwagwalada, Nigeria

Project Showcase – Nigeria Power Sector: The Abuja Power Plant in Gwagwalada, Nigeria

The Nigerian power sector is ripe with opportunities as well as challenges. Inadequate generation capacity, transmission losses, and distribution inefficiencies contribute to an unreliable electricity supply. However, these factors also represent significant opportunities for local and global businesses. Government initiatives aim to improve the sector’s performance through privatization, renewable energy integration, and infrastructure upgrades.

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Unveiling Africa’s Construction Powerhouses: Key Contributors and Growth Trends

Unveiling Africa’s Construction Powerhouses: Key Contributors and Growth Trends

The construction sector in Africa is experiencing a dynamic surge, driven by rapid urbanization, infrastructure development, and
strategic investments. As stakeholders navigate this evolving landscape, understanding the key countries contributing significantly to construction sector activity becomes paramount. Let’s explore into the numbers and unveil the construction powerhouses shaping Africa’s development trajectory.

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Dugbe Gold Project Hits Production Milestone

Dugbe Gold Project Hits Production Milestone

The Dugbe Gold Project, located in Liberia’s mine-rich region, which is valued at $391 million continues to make waves as a promising venture in the country’s expanding mining sector. Recent developments showcase significant progress andshow the project’s potential to become a key player in the global gold market.

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Press release: africon and ABiQ forge strategic partnership to revolutionize data-driven consulting in Africa

Press release: africon and ABiQ forge strategic partnership to revolutionize data-driven consulting in Africa

africon (the top management consultancy with an exclusive focus on Africa) proudly announces a strategic partnership with ABiQ (the leading business intelligence platform that tracks projects worth over $7 Trillion in Africa & Middle East). The liaison marks a significant collaboration to enhance data-driven decision-making and consulting services for companies operating or seeking to expand their footprint in Africa.

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