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

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Brazil-Angola internet connection

Google has announced its involvement in an undersea cable that will link the United States and Brazil by year-end 2016. Google will partner with Brazilian ISP Algar Telecom, Uruguayan incumbent telco Antel, and the Angola Cables consortium of Angolan ISPs. The cable will be capable of carrying a total of 64 terabits per second of capacity over six fibre pairs. The Angola Cables group aims to link the US-Brazil cable to its planned South Atlantic Cable System (SACS), which would connect Brazil to Africa in 2016.

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Investments in Africa