South Africa accounts for the most infrastructure projects in Africa
South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each.
South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s ‘Africa Construction Trends’ report revealed on Wednesday.
With 85 projects, Southern Africa – which includes Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia and Zimbabwe – represents 29.7% of all projects in Africa, and 28.9% in value, at $93.4-billion.
However, this is 24 projects less than the 109 recorded in last year’s report. In East Africa, only 43 projects are recorded from 61 previously, with the overall value dropping from $58-billion to $27-billion.
In total, Africa’s large construction projects are currently worth a collective $324-billion, slightly down on last year’s $375-billion, the report finds.
“Construction projects are continuing in Africa, despite slower economic growth and the commodities price slump which has an impact both on the financing available and project viability. At the same time, it is imperative that African governments and companies invest in water infrastructure, especially given the drought conditions facing much of the continent,” said Deloitte associate director JP Labuschagne.