Africa has more than $791 billion of active projects utilizing Public-Private-Partnerships. Forty-six per cent or $369 billion is currently under construction.
Southern Africa has a total population of 68 million people, which will increase to 76 million over the next decade. Predominantly an arid region, two out of the five Southern African nations are classified as high water stress countries.
Labour and commodity costs in Africa are significantly lower than anywhere else. What is lacking is know-how and funding. Inflation at manufacturing hubs could present an opportunity for African leaders. Will they embrace it?
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.
Egypt is the third-largest economy in Africa and the second-most populous. By 2050, Egypt will have 160 million people; 22 per cent will be younger than 18 years of age.
Top 5 Projects in East Africa East Africa has more than $435 billion of active projects, of which $221 billion are under construction. A fast-growing population that will increase by 25 per cent over the next ten years drives the demand for infrastructure...
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.
Cameroon has more than $10 billion of active projects, of which $3 billion is under construction. The population will increase by 27 per cent over the next decade, increasing demand for infrastructure.
There are currently more than $60 billion of active projects in Mozambique under threat due to security concerns in the country's northern parts. Population growth exceeds 30 per cent over the next decade, which requires investment in infrastructure and developing the economy.
The DRC has more than $25 billion of active projects, dominated by the energy sector. Hydropower and solar projects are the key investment areas and can positively impact much needed economic development.
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.
The UAE have more than $300 billion of active mega projects covering several sectors. The top 5 projects span transport, retail, leisure, power and petrochemical projects.
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.
Saudi Arabia is aggressively working to diversify away from its reliance on hydrocarbons. There are more than $1.6 trillion of active projects in the kingdom, many of them megaprojects worth hundreds of billions.
Diversifying Angola's economy away from its reliance on oil revenues is a priority for the government. More than $22 billion of projects in Angola is under construction, with another $40 billion on the drawing board.
By comparison, Ghana is has one of the most active construction markets in Africa. There are more than $40 billion of active construction projects of which more than 40 per cent is transport infrastructure.
Tanzania's population will increase by 17 per cent over the next ten years to 69 million. Economic development, and subsequently infrastructure development, is a crucial priority for the government. There is $62 billion of active projects in Tanzania.
Ethiopia is the second-most populous country in Africa and will grow by more than 25 per cent over the next decade. At present, Ethiopia has more than $31 billion of active projects, of which more than $18 billion is under construction.
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