With Africa’s overall economy projected to grow 5.9% this year, analysts say the continent’s construction industry could see a significant rebound. But the picture is expected to vary among countries. For example, Nigeria is expected to post a substantial increase, but South Africa’s growth is projected to be less robust.
Many countries’ investment-friendly policies, along with increased government spending and China’s determination to have a major impact on Africa’s economy, are combining to spur the continent’s growth in 2012 after the debilitating global economic crisis.