Tag Archives: Infrastructure

General

Ethiopia plants more than 350 million trees in one day

Ethiopia has set a new tree plant record: More than 350 million trees were planted in the drought-stricken country on Monday. This was announced by the country’s Minister of Agriculture, Umer Husen, on Tuesday. The seedlings were planted in more than 1000 locations across the country by initiatives, individuals and government officials, the British BBC reported. Ethiopia is convinced that this is a new world record.

With this action the country wants to take action against the deforestation of forests and prevent deserts from spreading. As part of the Ethiopian government’s “Green Legacy Initiative” under Prime Minister Abiy Ahmed, a total of four billion trees are to be planted in the coming weeks.

Source: BBC

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General

Prospects for Africa are very promising

First, increased investment in Africa’s infrastructure is critically needed. The substantial an rapidly increasing amount of capital being allocated to this sector provides a great growth opportunity.

Second, there are compelling opportunities across the continent for consumer goods and services,  particularly given limited growth opportunities in much of the developed world. This opportunity for investment in consumer growth across Africa is underprimed by three trends: a growing population, rapid urbanisation and an emerging middle class.

However, it’s important not to discount commodities, which will remain the most obvious opportunity. Africa holds a large proportion of the world’s mineral reserves, and the continent’s significant reserves of oil and gas make it well poised to play a key role in the supply of the world’s energy needs, particularly as other emerging economies grow and the demand for precious metals follow suit.

Free movement of people and goods will also be a major driver of growth in Africa in the coming years.

Source: African Businees, May 2017

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Nigeria

$2.5trillion address Nigeria’s infrastructure gap — IA&CE

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By Emmanuel Elebeke & Grace Udofia

The Institute of Appraisers and Cost Engineers, (IA&CE), has said that Nigeria would require about $2.9 trillion investment in the next 30 years to close current infrastructure gap in the country. The engineering economists disclosed this at the 2015 National Technical Conference of the IA&CE which took place in Abuja.

The body also called on Federal Government to follow internationally acceptable standard procedures in the concept, design, development and execution of engineering projects in the country.
Continue reading $2.5trillion address Nigeria’s infrastructure gap — IA&CE →

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Nigeria, South Africa

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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