Africa construction growth

A massive growth in construction is predicted for Sub-Saharan Africa. This comes from a report by the data and analytics company, GlobalData. Its report suggests that the region’s construction industry will grow at the fastest rate of any other world region over next five years. According to its report, the region’s construction sector will grow on average by a compound annual growth rate (CAGR) by 6.6% a year, from 2018 to 2022. The company’s latest report, ‘Global Construction Outlook to 2022: Q3 2018 Up
October 9, 2018 Read time: 2 mins
A massive growth in construction is predicted for Sub-Saharan Africa. This comes from a report by the data and analytics company, GlobalData. Its report suggests that the region’s construction industry will grow at the fastest rate of any other world region over next five years. According to its report, the region’s construction sector will grow on average by a compound annual growth rate (CAGR) by 6.6% a year, from 2018 to 2022.


The company’s latest report, ‘Global Construction Outlook to 2022: Q3 2018 Update’ also reveals that in real value terms*, total global construction output is forecast to rise to US$12.9 trillion by 2022, up from US$10.8 trillion in 2017.

Regionally, Africa will become a major player in global construction over the next five years. There will be a steady acceleration in construction activity in Nigeria over the forecast period to 2022, supported by government efforts to revitalize the economy, by focusing on developing the country’s infrastructure. However, Ethiopia will be Africa’s star performer, where its construction industry will continue to grow in line with the country’s economic expansion.

Finance & Funding

Related Content

  • Europe’s COVID escape route
    April 2, 2021
    The European Union’s COVID recovery budget and its NextGenerationEU programme are major opportunities for national, regional and local road authorities, says Jose Diez*.
    Read More
  • Vinci buys Peruvian toll concession holder Lamsac from Invepar
    August 9, 2016
    Vinci Highways has acquired Peruvian toll road operator Lamsac from the Brazilian group Invepar for around US$1.67 billion. The deal is for 100% of Lamsac which is the concessionaire of the Línea Amarilla toll road in the centre of the Peruvian capital Lima. Vinci Highways, which is Vinci Concessions’ international highways subsidiary, also gets the Peruvian company PEX, Lamsac’s electronic toll collection operator. A statement from Vinci said that Lamsacholds a concession contract with the municipali
    Read More
  • Volvo CE bullish
    May 4, 2012
    Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
    Read More
  • European transport funding until 2024
    November 8, 2019
    The European Bank for Reconstruction and Development (EBRD) is setting out its new transport development plan for the coming five years. The EBRD has approved a new Transport Sector Strategy for the 2019-2024 period, intended to refine the previous strategy. The aim is to work in a more focussed way on the emerging green economy and climate targets in a sector that, while slow to change, is a catalyst for economic and inclusive growth. Since the EBRD’s previous strategy came into force, global policymak
    Read More

Highlighted Content