Africa Projects Outlook
Economic activity in the entire world was constrained in 2020 by an unprecedented global pandemic caused by COVID–19, and Africa was no exception. However, projections indicate that Africa will recover in 2021 as real GDP will grow by 3.4% in 2021, after contracting by 2.1% in 2020. Africa projects market is booming with opportunities but finding and accessing reliable and validated data has been a problem for a long time. As per ABiQ’s unique business intelligence platform, there are business opportunities and projects worth over $2 trillion in Africa.
With ongoing and upcoming projects worth over $2 trillion, Africa will recover in 2021. The focus will be on diversifying economies, PPP projects, and developing new infrastructure to meet the needs of a fast-growing population.
As per ABiQ, North Africa leads the continent with projects worth $450 billion, followed by East Africa with $400 billion worth of projects. West Africa comes 3rd with projects worth $345 billion.
Developing infrastructure has been a focus of many governments to meet the needs and requirements of a growing population, making construction the largest sector in Africa. There are over 570 construction projects in Africa worth $450 billion. Energy has projects worth over $370 billion, followed by Transport projects which include roads, airports, and railways, worth $280 billion.
Egypt leads the project market with over 300 active projects worth $338 billion. With active projects worth around $207 billion, South Africa comes second, followed by Nigeria, which has ongoing and upcoming Africa projects worth $200 billion.
Why Africa Projects
Africa is a land of opportunities and the best time to invest in Africa is NOW.
Its population is set to increase by 25% over the next 10 years. It will grow from 1.340 billion in 2020 to 1.617 billion by 2030. This will result in a demand for more infrastructure and a huge market with lots of opportunities.
How can ABiQ help?
With Africa deeply embedded in our roots, ABiQ is committed to supporting the growth of the African economy. Africa is a land of opportunities and ABiQ can help you with your growth plans for the region.
With our unique networking tool, you can:
- Track projects in Africa, UAE, and Saudi Arabia worth over $4 Trillion
- Access over a million companies in Africa and the Middle East
- Access Company shareholders, subsidiaries, and detailed contact information
- Connect with decision-makers and grow your business in Africa and the Middle East
- Drive your growth strategy across all 54 African countries
Frequently Asked Questions
Here are some frequently asked questions about ABiQ.
What is ABiQ?
ABiQ stands for African Business Intelligence. We are the leading business intelligence platform that tracks ongoing and upcoming projects in Africa.
Which industries do you cover?
We cover multiple industries, including Government, Energy, Oil & Gas, Agriculture, Construction, Water, Healthcare, Financial Services, and many others.
How do you get your data?
We have an experienced team of on-the-ground researchers located across Africa. They conduct primary and secondary research to provide ABiQ with up to date and validated data on Africa projects. We then verify all data before adding it to our platform. We follow a rigorous methodology of data gathering to grow and maintain our content.
How is ABiQ different from other platforms?
ABiQ is the only platform that offers validated data and trusted intelligence on all 54 countries in Africa. We have over a million companies in our directory and opportunities worth trillions of US Dollars.
Is it a free service?
No, this is a paid subscription service. Get in touch, and we can suggest the package that suits you the best based on your requirement.
Can I get a trial?
Sectors we cover
According to an African Development Bank (AfDB) September 2022 press release, Cameroon’s Ministry of Agriculture and Rural Development and the Commercial Bank of Cameroon have signed an agreement for the creation of an Agricultural Sector Development Fund in the country.
According to a US State Department September 2022 press release, the government of the Federal Republic of Nigeria has signed a letter of intent with seven companies in Lagos.
US government approves $5 million grant to support the fight against methane gas emissions in Africa
According to an African Development Bank (AfDB) September 2022 press release, the US government, through its special envoy, John Kerry, has announced that it is supporting the African Development Bank in its fight against methane emissions across the continent with a $5 million grant.
Afri-Caribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and memorandums of understanding (MoUs)
According to a Afreximnbank September 2022 press release, the AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and Memorandums of Understanding (MoUs).
According to an International Monetary Fund (IMF) September 2022 press release, the IMF will disburse SDR 24.44 million (approximately US$31.9 million) to the Republic of Madagascar.
According to a European Bank for Reconstruction and Development (EBRD) September 2022 press release, the EBRD has approved a $100 million loan to Banque Misr.
The Lusophone Development Compact will receive a €400 million boost from the Portuguese government and the AfDB
According to an African Development Bank (AfDB) September 2022 press release, the AfDB and Portugal have signed a €400 million guarantee agreement to finance private sector initiatives and public-private partnership (PPPs) projects in Portuguese-speaking African member countries.
According to an International Monetary Fund (IMF) August 2022 press release, the Fund’s Executive Board recently approved a 38-month SDR 978.2 million (US$1.3 billion) Extended Credit Facility (ECF) arrangement for Zambia.
The International Finance Corporation (IFC) is investing $4.5 million in Agro Bar Magen Nigeria to build the country’s first salt and mineral block licks production plant.
The International Finance Corporation (IFC) celebrates a successful 60 year partnership with Tunisia during August 2022. The IFC has investments worth $1 million in key sectors of the economy.