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.
Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.
Algeria has more than $69 billion of active projects, of which $56 billion is currently under construction. The government is actively seeking to diversify the economy away from its reliance on hydrocarbons.
Africa has 15 per cent of the world’s population but consumes only 3 per cent of its energy while it produces 12 per cent of the world’s energy. There are more than $340 billion of active oil and gas projects in Africa.
The healthcare sector in Africa is straining under the mense pressure brought on by COVID-19. Africa has to invest billions in developing its healthcare infrastructure, educate and train thousands of specialists to serve its rapidly growing population.
Since Africa has a booming population and low access to power rates, providing power to all Africans is critical. Hydropower still provides the lowest Levelized cost of energy (LCOE). Therefore, the African continent is investing more than $83 billion in Hydropower projects.
Africa’s population will exceed 2.5 billion by 2050. Power is a key issue since less than 50 per cent of the people in sub-Sahara Africa has access to reliable power. At the moment, there are roughly $400 billion of active power projects in Africa.
Rapid population growth and vast natural resources drive investment in Africa’s transport infrastructure, with $22 billion of projects currently being tendered.
ABiQ has managed to put forward projects seeking more than $280 million in funding. The projects selected are diverse and cover the agriculture, real estate, energy and renewable energy sectors.
The overall risk score for most African countries increased during 2020. The overall ranking saw some minor changes in the top ten with a more distributed representation from all parts of Africa.
Project finance for large infrastructure is widely used in western developed countries. It represented more than $2 trillion of investments globally between 2003-2013; only around 3 per cent of this amount was dedicated to sub-Saharan Africa.
Rail projects lead the transport sector investments in North Africa. The North African transport sector currently has more than $60 billion of active projects.
North Africa has more than $145 billion of active energy projects with Egypt, accounting for 46 per cent of the share followed by Algeria with 36 per cent.
COVID-19 has decimated fiscal reserves across the world, but more so in Africa. Even before the pandemic, African governments were struggling to attract investment in critical infrastructure. Public-Private-Partnerships (PPP) is one of the best procurement strategies available in the current financial climate.
Thirty-five million tourists visited North Africa before the COVID-19 pandemic. Although the pandemic has wiped out most of North Africa’s tourism sector, there is still more than $6 billion of active Leisure & Entertainment projects.
Africa has natural resources in abundance. Yet, mining, moving and processing those resources are often a difficult task across the continent. Limited integration and transport infrastructure often prevent the African continent from prospering and creating wealth for its rapidly growing population.
Algeria has proven reserves of more than 12.2 billion barrels of oil and 4.3 trillion cubic metres of gas. Currently there are more than $20 billion of active projects to develop the oil and gas industry in Algeria.
Globally oil and gas projects has slowed down with rig activity down to record lows. North Africa still have over $50 billion worth of active oil and gas projects.
According to ABiQ Business Intelligence platform, North Africa has more than $97 billions of active transport infrastructure projects.
North Africa will see an increase of 25.7% by 2030 in both primary and secondary school students as the population increases.
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