New hospitals with a value of $11 billion are active. $6.4 billion is currently under construction, and $4.8 billion is in design.
Sub-Sahara Africa investing $11 billion in new hospitals
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Egypt is investing $1.8 Billion in new hospitals
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.
Growth in the Middle East Healthcare Construction Sector
The Middle East has more than $18 billion of active hospital projects. More than 70% of these new projects are in Saudi Arabia. The UAE is second with 14% of active hospital projects. Of the $18 billion, more than $12 billion is under construction, with the balance, or $6 billion, in the pre-execution phase.
7 companies & Nigerian government reaffirm commitment to support the goals of the CEDI
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 Dutch Entrepreneurial Development Bank (FMO) provides $25 million credit facility to Armada Foods
According to a Dutch Entrepreneurial Development Bank (FMO) August 2022 press release, the bank is contributing towards achieving Sustainable Development Goal 2 on hunger reduction by providing a $25 million credit facility to a Turkish agribusiness company, for the construction of a new complex, called Armada Foods.
Top 10 Countries by risk rating: Africa
ABiQ provides a risk rating for each country in Africa. The overall country risk rating is a composite rating. This composite rating is a measure that outlines to what extent economic, political, financial, health, security and other factors can affect investing and doing business in a country. The rating ranges from 1-10, with 1 being the best possible rating, and 10 being the worst possible rating.
World Bank Provides New Financial Assistance to Africa Centres for Disease Control
The World Bank has approved a new tranche of financial assistance, for the Africa Centres for Disease Control.
CoM 2022: Experts call on ECA to support extension of African debt service suspension initiative
The 54th session of the annual Conference of African Ministers of Finance, Planning and Economic Development (CoM 2022) was held in Dakar, Senegal.
Migrant Children Protected Through New Strategic Collaboration Framework (SCF)
On May 18, 2022, the International Organization for Migration (IOM) and UNICEF signed a new Strategic Collaboration Framework (SCF) that aims to uphold and protect the rights of migrant children.
The U.S. provides $808 million in humanitarian aid to Syria
USAID announced an $808 million package of humanitarian assistance to Syria at the Sixth Brussels Conference on “Sustaining the future of Syria and the region”.
Eswatini seeks public sector investments as the country battles demonstrations
ESWATINI has called for invitations on various public sector projects as the world’s last absolute monarchy battles pro-democracy demonstrations.
Lesotho draws energy from nature
Lesotho has a population of just over 2 million people. A landlocked country with only South Africa as a neighbour. Due to its proximity, water and power accounting for the bulk of its exports.
Top 5 Projects in Senegal
Senegal has close to $20 billion of active projects. Excellent ICT infrastructure enables Senegal to position itself as a leader in the region with billions of foreign direct investment into critical sectors.
Top 5 Healthcare 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.
Top 5 Projects in Kenya
Kenya has a rapidly growing population and a significant shortage of housing. There is more than $47 billion of projects under construction that includes four mega real estate developments.
Botswana leading Southern Africa in Hospital Investments with $108 million
Botswana is building two new hospitals estimated to cost $!08 million in the country’s southern parts. Construction work will complete in 2022.
New Lesotho hospital developed and funded by the Chinese Government
Lesotho will receive a new state-of-the-art hospital and eye centre developed and funded by the China Ministry of Development and Planning at an estimated cost of $68 million.
Southern Africa is investing $400 million in new Hospitals
Decimated by COVID-19, the Southern African healthcare system is investing $400 million in new hospitals. It will need to add 1,600 physicians over the next ten years. Is it enough?
Somalia requires $1.9 billion for new healthcare facilities
Somalia requires $1.9 billion for new healthcare facilities. ABiQ tracks healthcare projects in Somalia.
Burundi needs $2.5 billion to improve healthcare over the next 10 years
A small landlocked country that requires $2.5 billion for hospitals over the next decade. The investment will improve overall healthcare services and deliver 50 new hospitals.
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