Construction Projects in Africa
To meet the requirements of a growing population, many governments in Africa are focusing on developing infrastructure. As a result, construction became the largest sector in Africa. As per ABiQ, there are active construction projects in Africa worth over $760 billion. Energy has projects worth over $370 billion, followed by Transport projects.
Economic activity in the entire world was constrained in 2020 by an unprecedented global pandemic, and Africa was no exception. However, projections indicate that Africa will recover in 2021. Real GDP will grow by 3.4% in 2021, after contracting by 2.1% in 2020. The project market in Africa 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.
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
ABiQ tracks projects worth over $4 Trillion in Africa, UAE, and Saudi Arabia. Book a free demo now or register here to get free access to a light version of our platform.
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Oil and Gas
British International Investment, Standard Bank and H1 Holdings back a South African renewable energy technology project
According to a July 2022 press release, British International Investment (BII), Standard Bank, and H1 Holdings are backing a $1 billion renewable energy technology project in South Africa.
According to a July 2022 press release, the Norwegian Investment Fund for Developing Countries (Norfund) and Norway's largest pension company, KLP, will jointly invest USD 40 million in equity in CrossBoundary Energy (CBE) to help the company expand its renewable energy solutions for businesses in Africa.
The World Bank has approved a new tranche of financial assistance, for the Africa Centres for Disease Control.
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
According to a July 2022 press release, the Infinity Group and Africa Finance Corporation (AFC) will acquire Lekela Power. Lekela Power is Africa's largest independent renewable energy producer, with a portfolio of 2.8 GW of projects across Africa.