Why do we need to talk about infrastructure investment and delivery in sub-Saharan Africa? Business spending in Africa will grow from $2.6 trillion in 2015 to $3.5 trillion by 2025. It is estimated that over the same period an additional 187 million Africans will migrate to cities, drastically redefining urban trends and requirements.
However an annual investment of $150 billion is still needed to close Africa’s infrastructure gap and inadequate infrastructure in Africa still cuts growth by as much as two percentage points per year, leading to a loss of almost 40% of productivity.A shifting landscape
Today the construction landscape in Africa is shifting. Increased competition in the marketplace and an increased number of smaller-scale projects has led to slimmer margins, decreased confidence in local construction companies and a paradigm shift towards generating new revenue streams outside of national borders. Against this backdrop, the 6th annual African Construction and Totally Concrete Expo sets the stage for increased communication and collaboration amidst public and private sector operators across all disciplines of Africa’s built environment. Because infrastructure plays a critical mobility role in African society as a turnkey deliverable against which to benchmark industrialisation and economic growth, the event provides a definitive platform for strategic public-private sector collaboration and communication to analyse current trends and advances being made throughout the continent and evaluate where the best investment and construction opportunities lie.