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.
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
Neresh Pather, President of Consulting Engineers South Africa and Keynote Speaker at the 8th Annual CESA Infrastructure Indaba, taking place at the Durban International Convention Centre, told the conference that during the course of 2019.
The specifics of the infrastructure fund, announced as part of South Africa’s stimulus package, will be announced in the February 2019 Budget.
“Young people must take it upon themselves to ensure that they receive the highest education possible so that they can represent us well in future as future leaders.Education is the most powerful weapon which you can use to change the world,” proclaimed the late Former President Nelson Mandela.
Business updates by construction firms show their order books have generally bulked up or remained stable.