New mines in North Africa account for 62% of Industrial activity, which totals $14 billion in active projects. Algeria is North Africa’s busiest market for new mining and industrial projects. The North African country has almost 50% or $7 billion of new industrial and mining projects. Egypt is in second place, with 44% of the active mining and industrial projects.
Egypt leads North Africa with more than 60% of the new hospital projects. Egypt’s population exceeds 108 million, or 42% of North Africa’s total population. Egypt’s population growth rate is also the highest in North Africa. Investing in healthcare is a primary focus for the Egyptian government.
Despite disruptions of the COVID-19 pandemic, Africa started construction on more than $160 billion worth of projects in 2021. The Export-Import Bank of China is funding projects worth more than $15 billion that started construction work in 2021.
Infrastructure development key to Morocco’s economic growth Morocco is investing billions in new infrastructure and key sectors to boost economic recovery and growth. A third of this investment will go towards its energy sector followed by the water sector with thirty...
Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.
Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.
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.
With close to $25 billion of active power projects, Morocco has long been a renewable energy leader in Africa. One of the few countries where 100 per cent of the population has access to stable power.
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.
Revenue generated by the hospitality industry accounts for almost 8 per cent of Morocco’s economy. With close to $3 billion of active hotel projects, Morocco understands the importance to remain relevant.
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.
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