Buildings
Kenyan construction sector shows a positive outlook
The Kenyan construction sector of the economy recorded an 8.5% growth in 2017 and notwithstanding the negative impacts of the COVID-19 pandemic is forecast to remain a growth out-performer in sub-Saharan Africa up to 2024, according to ResearchAndMarkets
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Positive medium to long-term outlook for South Africa’s construction sector
The construction industry in South Africa is expected to record a CAGR of 13.2% to reach ZAR US$17.75bn by 2024, according to ResearchAndMarkets
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Vantage Capital provides US$4.89mn funding for Alleyroads
Vantage Capital, Africa’s one of the leading mezzanine fund managers, has provided US$4.89mn of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo
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Sub-Saharan Africa’s construction sees cuts as COVID-19 impacts economic activity, says GlobalData
The 2020 construction output growth forecast for the sub-saharan Africa (SSA) region has been revised down to 0.7 per cent from the previous pre-COVID forecast of 3.6 per cent, according to GlobalData
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BUA Group acquires PW Nigeria limited
Nigeria-based BUA Group has acquired majority shareholding in PW Nigeria Limited, one of the nation's leading construction, engineering and mining company
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