How the digital economy creates demand for data centers in AfricaOver recent years, developers in Africa have launched more and more data centers in Africa. This trend is driven by Africa being home to one of the fastest-growing digital economies in the world. Though...
Learn about some of the largest hospital construction projects in Africa driving healthcare infrastructure development.
Discover the leading road construction companies in Nigeria driving the country’s infrastructure development.
The Nigerian infrastructure sector presents a fertile ground for diverse business opportunities. With a growing population and urbanization trend, there is a pressing need for improved transportation systems, modernized energy infrastructure, and expanded telecommunications networks. Investors can capitalize on these demands by participating in construction, engineering, renewable energy, and technology ventures, contributing to economic growth and societal development.
The Nigerian power sector is ripe with opportunities as well as challenges. Inadequate generation capacity, transmission losses, and distribution inefficiencies contribute to an unreliable electricity supply. However, these factors also represent significant opportunities for local and global businesses. Government initiatives aim to improve the sector’s performance through privatization, renewable energy integration, and infrastructure upgrades.
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.
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.
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.
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