Market opportunities in East Africa

The forecast for East Africa’s future economic growth is resoundingly positive as inflation rates decline and governments commit to long-term infrastructure expansion programmes and public sector reform.
Oil and gas exploration is a focal point for inbound investment, with 23% FDI growth registered from 2007-13, with the region offering an abundance of valuable commodities including minerals and precious metals, as well as an emerging tourism sector.

Key trade gateways such as Nairobi, Dar es Salaam and Maputo are rapidly emerging as future hotspots for investment activity with transport corridors forged to connect these cities with the world and ongoing social infrastructure advancement plans.

Construction activity in the region has seen an increase of over 13% CAGR between 2009-2013. Up to an estimated US$70 billion is required for oil and gas infrastructure development in the region alone while Kenya, Ethiopia and Mozambique have a cumulative pipeline project requirement valued at US$2.93 trillion.

Source: The Emerging East Africa Construction Market Report 2015, produced by Ventures Onsite for The Big 5 Construct East Africa