2022 NUMBERS:
997 Billion Total Merchandise Trade                01 Billion Potential Customers                55 African Member States Covered               

CONSTRUCTION & INFRASTRUCTURE

The African construction market is expected to register a CAGR of 6.4% over the period, 2019 – 2024. Regionally, Africa will become a major player in global construction over the next four years. There will be a steady acceleration in construction activity in Nigeria efforts (4.6% CAGR) to revitalize the economy, by focusing on developing the country’s infrastructure. However, Ethiopia (12.7% CAGR) will be Africa’s best performer, where its construction industry will continue to grow (albeit from a lower base than some of the continent’s other leading countries) in line with the country’s economic expansion.

INDUSTRY LEADERS

In 2018, Egypt’s construction sector had more than 1,400 active projects collectively valued at USD 348 billion, according to a report by BNC Network. Currently, Egypt has the most construction of any African nation (46 projects) representing 9.5% of projects on the continent as well as the most projects by value at USD 79.2 billion. In Algeria, 99% of residents have electricity, 97% have piped water and 95% have sewerage – the highest percentage of any African country. To grow and maintain this, the government has mandated a USD 215 billion investment construction program with an emphasis on transport, health and water infrastructure. Based on reports by the Globe Newswire, the building construction industry in Nigeria is expected to record a CAGR of 13.9% to reach NGN 10,671.3 billion by 2024. The residential construction industry in value terms increased at a CAGR of 4.2% during 2015-2019.

Construction Infrastructure

The African construction market is expected to register a CAGR of 6.4% over the period, 2019 – 2024.

Ethiopia will be Africa’s leading country with a (12.7 CAGR) over the period 2019-2024.

Africa’s growth prospects in the construction sector are underpinned by favourable economic development policies.

482 projects valued at USD 50 million or above each had broken ground by June 2018.

As a region, East Africa has the largest number of recorded major construction projects with 139 projects.

PUBLICATIONS

Growth, Trends, and Forecast (2020 - 2025)
Africa's
Infrastructure
Africa Infrastructure Development Index
Africa Trade and Investment Portal