• Published on 22 Apr. 2013 • Category : InfrastructureTanzania has been growing steadily over the past ten years and 2012 was no different. The economy expanded by 6.9 percent, which is close to the historical average. A look at national accounts reveals that five sectors contributed to almost 60 per cent of Tanzania’s economic growth between 2008 and 2012:- Communication GDP almost doubled in less than four years, growing on average by over 20 per cent per year. - Banking and financial services have expanded by 11 per cent per year since 2008. - Retail trade increased by almost 40 percent between 2008 and 2012. - Construction su(...)Read More
• Published on 09 Apr. 2013 • Category : InfrastructureThe emphasis on building new infrastructure in South Africa, as well as the rest of Africa, was to the detriment of the continent’s existing infrastructure, creating a maintenance deficit, Industrial Development Corporation (IDC) learning and development department head Eric Mahamba-Sithole said on Monday.Speaking at a seminar aimed at tackling the skills challenges associated with infrastructure development in Africa, he referred to the World Bank’s Africa Infrastructure Country Diagnostics study, which has revealed that about 40% of Africa’s infrastructure required maintenanc(...)Read More
• Published on 20 Mar. 2013 • Category : Infrastructure
GCC airlines are expanding their networks in the continent as they look to capitalise on Africa's growing economy and strategically important location.
Africa's aviation sector is forecast to soar over the next few years, fuelled by growth in the number of businesses looking to invest in the resource-rich continent and an increase in consumer spending power. According to the United Nations Department of Economic and Social Affairs, economic growth in Africa is expected to have recovered to 5.1% in 2012, after falling to 2.7% in 2011. For 2013, growth is expected to remain stable at 5(...)Read More
• Published on 20 Mar. 2013 • Category : Infrastructure
The usual approach to building in a flood zone is to put everything on stilts, as many residents of Rockaway, Queens, are considering in the aftermath of Superstorm Sandy. That’s also been the approach in the slum settlement of Makoko in Lagos, Nigeria, where many residents live in illegal wood shanties propped up on stilts, accessible only by canoe. Recently the slum and its population of roughly 250,000 Nigerians have been a target of a government that sees the settlement as an eyesore and an impediment to Lagos’s metamorphosis into a modern megacity of 40 million. Last summer the(...)Read More
• Published on 13 Mar. 2013 • Category : Infrastructure
Scaling up financing from the traditional sources of taxes, government borrowing, and aid will not be adequate to successfully address Africa's infrastructure gap.
Across Africa, investments in infrastructure have failed to keep pace with growth and demand, creating a tremendous infrastructure deficit. Less than 40 percent of the population across the continent, and only 26 percent of the population of Sub-Saharan Africa, has access to electricity. Approximately 34 percent of the population has access to improved sanitation facilities, and 35 percent lack access to clean drinking water.(...)Read More