Kenya is struggling with a massive housing problem. Kenya needs to build approximately 250,000 houses per year to keep up with the growing demand. Kenya’s housing problem provides extensive opportunities for investment in construction.
With a population of 2.4 million, Zimbabwe finds itself in a dire economic situation. Hyper Inflation is hindering the much-needed investment required to rebuild the country’s dilapidated infrastructure.
Uganda has a population of just over 47 million. Although Uganda exports power to neighbouring countries, less than 30 per cent of the population has access to reliable electricity.
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.
REFERENCE: ABiQ.00011.2.2021 COUNTRY: Kenya BUDGET: $18-$20 million International experience has proved that entrepreneurship promotion and small business development effectively create new jobs, reduce unemployment, and generate income. Small enterprises and the...
Saudi Arabia is aggressively working to diversify away from its reliance on hydrocarbons. There are more than $1.6 trillion of active projects in the kingdom, many of them megaprojects worth hundreds of billions.
Diversifying Angola’s economy away from its reliance on oil revenues is a priority for the government. More than $22 billion of projects in Angola is under construction, with another $40 billion on the drawing board.
By comparison, Ghana is has one of the most active construction markets in Africa. There are more than $40 billion of active construction projects of which more than 40 per cent is transport infrastructure.
Ethiopia is the second-most populous country in Africa and will grow by more than 25 per cent over the next decade. At present, Ethiopia has more than $31 billion of active projects, of which more than $18 billion is under construction.
Senegal has close to $20 billion of active projects. Excellent ICT infrastructure enables Senegal to position itself as a leader in the region with billions of foreign direct investment into critical sectors.
South Africa has a population of close to 60 million and has the second-largest economy in Africa. It has more than $190 billion of active projects, of which $81 billion is now under construction.
Kenya has a rapidly growing population and a significant shortage of housing. There is more than $47 billion of projects under construction that includes four mega real estate developments.
Lesotho will need to invest more than $1 billion over the next ten years to deliver more than 100,000 homes to meet demand driven by population growth and urbanisation.
Botswana must invest $1 billion over the next ten years to meet the demand for affordable houses. A fast-growing population and rapid urbanisation are the main drivers for affordable homes.
Southern Africa has an existing deficit of more than 4 million homes. The region will require an estimated $84 billion to invest in affordable homes to accommodate its rapidly growing and urbanising population.
The Central African Republic will require an additional 250,000 homes by 2030 in addition to the estimated 1 million deficit that currently exist. This will require an estimated $25 billion.
With a deficit of an estimated 200,000 homes and a need for almost 300,000 by 2030, Chad will have to invest about $1 billion in its housing sector.
Central Africa’s population will grow by 60 million over the next decade. Almost 4 million homes would be required for new entrants in the 20 to 30 year-old age bracket.
As Africa’s population is set to increase by 25 per cent over the next decade, housing needs to be affordable, economically viable and sustainable.
Affordable Housing East AfricaRapid urbanisation, population growth and increasing affluence are just some of the contributing factors for a booming demand for housing in the region. Cities are growing. African based cities will dominate the list of those achieving...
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