Sub-Saharan spending to grow 10 % a year

Overall infrastructure spending in sub-Saharan Africa is projected to grow by 10 % a year over the next decade and will exceed  $ 130 bn  by 2025, says a PWC report. Nigeria and South Africa dominate the infrastructure market, but Ethiopia, Ghana, Kenya, Mozambique and Tanzania are also poised for growth.

South Africa’s spending will grow to $ 60 bn by 2025, having grown by 10 % average a year, but it may lose share relative to Nigeria because of Nigeria’s better fiscal position and oil revenues. Overall infrastructure spending in Nigeria is expected to grow from $ 23 bn to $ 77 bn in 2025.

Source:  African Business, november 2014