Category: Blog

Africa’s new free trade area is promising

The African Union has launched the operational phase of the Africa Continental Free Trade Area (AfCFTA), which will be the world’s largest free trade area by number of countries once it’s fully up and running. After years of talks, the goal is to establish a single market for goods and services across 54 countries, allow the […]

Mace predicts construction in sub-Saharan Africa to grow 7% in next two years

UK-headquartered consultancy Mace has predicted that construction activity in sub-Saharan Africa will grow at an average rate of 7% across the next two years. Economic growth in the region will support construction development, but Mace notes that increasing domestic political and uncertainty government debt can curb public sector investments in infrastructure. In a detailed market […]

China’s flexes speed advantage in Ghana’s bauxite for roads deal

The ability of Chinese companies to move quickly on infrastructure deals keeps it ahead of the pack in the race to capture growing African infrastructure spending. With the first tranche of the $649 million financing now available, Ghana is moving very fast to build the infrastructure projects promised as part of the controversial bauxite deal […]

Ghana’s game plan for industrial transformation

Right since Ghana obtained political independence in 1957, Ghana has sought to transform from an agrarian economy to an industrialized one. The initial strategy was for government to finance industry itself and consequently own all sorts of factories. Since then, different approaches have been tried, including nationalization of foreign enterprises and more recently, the use […]

Ghana to build US$2.6 billion SkyTrain

A concession deal to build a US$2.6 billion light rail system in Accra, Ghana, has been reached, with financing set to be provided by the Ghana Infrastructure Investment Fund and the African Investment SkyTrain Consortium. The deal, which has been signed by the government of Ghana, is set to create an elevated, air-propelled monorail system […]