Sub-Saharan Africa has more than $108 billion in active mining and industrial projects. Most are new mining developments worth more than $42 billion. South Africa has the largest pipeline, with 16.95% or $18.3 billion of active mining and industrial projects.
New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.
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.
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.
According to an International Finance Corporation (IFC) August 2022 press release, small and medium-sized enterprises (SMEs) and women-led businesses in West Africa will receive a financial boost through the Uhuru Growth Fund I that provides them with growth capital.
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.
THE global Covid-19 pandemic may have dented oil and petroleum production and consumption in 2020, but Nigeria is surging ahead with more than $30 billion of new investments into the field.
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.
In 2020, construction work started on $17 billion of privately funded energy projects in Sub-Sahara Africa. Forty-four per cent of the projects were in Nigeria, followed by Angola with 14 per cent.
In 2020, Sub-Sahara Africa started construction work on projects with a combined value of $45 billion that received funding.
West Africa has more than $380 billion of active projects, of which $230 billion is under construction. Oil and gas projects still account for the bulk of the construction activity in the region by value.
Nigeria is the most populous country in Africa and the largest GDP. Yet, more people live below the poverty line, 83 million, than the total population in any other African country, except for Egypt, Ethiopia and the DRC.
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.
Nigeria has more than $160 billion of projects currently under construction. The top 5 projects consist of three refineries and two railway projects with a combined estimated cost of $54 billion.
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.
In 2018, the UN estimated that 53 per cent of Sub-Sahara Africa’s population do not have access to reliable power. More than $75 billion per year should be invested in power generating capacity to meet a fast-growing population’s power needs.
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