Located at a crossroads between Africa, Asia and Europe, Egypt remains one of the world’s most strategically important countries, as it has been for millennia. Egypt has the third-largest GDP in the Arab world, after oil-rich Saudi Arabia and the UAE. It is considerably more diversified than many economies in the region, with manufacturing and agriculture key contributors, making up 14.5% and 15.7% of GDP, respectively, according to the Central Bank of Egypt, as well as oil and gas extraction.
How has the level of private equity activity changed in Africa in recent years, and which sectors offer the most potential?
The real estate market in Kenya remains attractive for investors, with the average property price in Nairobi rising more than fivefold in the 2007-14 period, from KSh30m ($330,000) per acre to KSh170m ($1.9m) at the end of 2014, according to HassConsult, a local real estate agency. In a positive sign for longer-term sustainability, indicators...
Increased competition in Kenya’s construction market is leading to notable improvements in quality standards, but persistent challenges remain, and there is a great need for increased regulatory support and more rigorous enforcement.
Growth in the Kenyan construction sector – driven by major infrastructure projects such as the Nairobi-Mombasa railway and a push to expand housing supply – reached 13.1% year-on-year (y-o-y) in 2014, more than double the 2013 figures. Construction accounted for 4.8% of GDP in 2014, according to the “Economic Survey 2015” from the Kenya...
Following on from decades of positive gains, Kenya’s construction sector continues to see robust growth and remains a central component of the country’s immediate and longer-term economic growth agenda. The industry’s GDP contribution in 2014 totalled KSh259.6bn ($2.86bn), up 13.1% on 2013, according to the Kenya National Bureau of Statistics...
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