The number of urban Digital Twins to exceed 500 by 2025, and that implementation will expand beyond limited pilots to widespread multi-purpose deployments, according to ABI Research
Buildings
Africa’s construction sector to grow at a CAGR of 6.4% by 2024
![East Africa has the largest number of recorded projects with 139 projects. (Image source: Free-Photos/Pixabay)](/images/Africa_construction_market.jpg)
East Africa has the largest number of recorded projects with 139 projects. (Image source: Free-Photos/Pixabay)
The Africa construction market is expected to register a CAGR of 6.4% from 2019-2024, according to Reportlinker’s "Africa Construction Market - Growth, Trends, and Forecast (2020 - 2025)" report
Kenyan construction sector shows a positive outlook
![The outlook creates a range of opportunities in the market, particularly in transport, power infrastructure and commercial construction. (Image source: Free-Photos/Pixabay)](/images/kenya_construction_market_2020.jpg)
The outlook creates a range of opportunities in the market, particularly in transport, power infrastructure and commercial construction. (Image source: Free-Photos/Pixabay)
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
Positive medium to long-term outlook for South Africa’s construction sector
![The residential construction industry in value terms increased at a CAGR of 2.3% during 2015-2019. (Image source: Free-Photos/Pixabay)](/images/SA_construction.jpg)
The residential construction industry in value terms increased at a CAGR of 2.3% during 2015-2019. (Image source: Free-Photos/Pixabay)
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
Vantage Capital provides US$4.89mn funding for Alleyroads
![cap: This transaction represents Vantage Capital’s 29th mezzanine investment across three generations of funds in ten African countries. (Image source: Vantage Capital Group)](/images/venture_capital_atr_story.jpg)
cap: This transaction represents Vantage Capital’s 29th mezzanine investment across three generations of funds in ten African countries. (Image source: Vantage Capital Group)
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