Africa

Details

  • Type: Business and industry issue
  • Date: 6/3/2015

Construction and Infrastructure in Africa 2015 

Sustainable economic growth on the African continent is dependent on three factors: regional integration, the development of institutions (e.g. property rights and rule of law), as well as infrastructure.

What is the effect of insufficient infrastructure on the African economy?

 

The Infrastructure Consortium of Africa (ICA) believes that 40 billion potential work hours are lost each year owing to people being unable to open a tap in their homes for water and instead needing to fetch water from another source. From the perspective of land transport, roads account for 80% of goods and 90% of passenger transport on the continent.

 

African governments have historically relied on donor aid and external borrowing to finance their fiscal deficits. At the same time, many states have financed infrastructure spending out of their fiscal budgets, resulting in fixed capital growth being dependent on available government finances.

 

This issue highlights:

 

  • Emerging trends that will change the world of Infrastructure – The African Context
  • Building Time and Costs
  • Countries With Significant Construction & Infrastructure Opportunities
 

Building & Construction

KPMG’s Building and Construction practice offers relevant Audit, Tax and Advisory services to meet the needs of a diverse and discriminating client base.