In their second half economic outlook paper entitled Mace SSA Market Review [Ref: https://www. macegroup.com/locations/sub-saharan-africa/southafrica], Kelvin Byres, MACE Director for South and West Africa argues that, ‘The central outlook for construction activity across Sub-Saharan Africa is cautiously positive but the overall picture conceals wide variation between nations. South Africa continues to face significant headwinds but the outlook for East and West Africa is brighter’.
‘In busier markets like Ethiopia, Rwanda and Ghana, tailoring procurement strategy to reflect localised capacity constraints, and early contractor engagement, will deliver the best project outcomes.’
Growth in Ethiopia, Rwanda and Ghana is expected to exceed 7% this year and the outlook for next year is equally buoyant, according to World Bank forecasts. 2019 proved more challenging for some nations.
This story is from the Volume 10 / Issue 1 March - June 2020 edition of To Build.
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This story is from the Volume 10 / Issue 1 March - June 2020 edition of To Build.
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