Mace’s latest Market View for Sub-Saharan Africa (SSA) reports that construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region.
According to statistics from NGO, The Water Project, 783 million people worldwide lack access to clean water.
The World Bank estimates that the cost of bridging the infrastructure gap in Africa requires an annual expenditure of USD 93bn, or less than 5% of the total GDP of the continent.
Global programme management and construction consultancy Turner & Townsend has increased its turnover to R7.2 billion in the year ended 30 April 2015, with turnover in Africa exceeding R290 million.
Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation.
Group Five achieves an 'improved' six months ended December, as revenue growth is bolstered by energy sector and buildings work,according to CEO Mike Upton.