While the construction sector in Egypt was temporarily paralysed during the early months of the pandemic, the infrastructure project pipeline has remained robust.
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Articles & Analysis | Which large-scale projects are attracting private investment in Nigeria? from The Report: Nigeria 2022
In early 2021 the government launched a slate of major projects to help bridge Nigeria’s infrastructure gap. In support of this, the country’s leaders created the Infrastructure Corporation of Nigeria, or InfraCorp, in February of that year: a public-private fund to finance critical infrastructure such as railways and roads. The construction...
Interviews & Viewpoints | Babatunde Fashola, Minister of Works and Housing: Interview from The Report: Nigeria 2022
Articles & Analysis | Locally made construction materials support development in Nigeria from The Report: Nigeria 2022
After growth of 1-2% per year between 2017 and 2019, in 2020 the Nigerian construction sector contracted for the first time since 2016, when the economy last entered a recession. The government launched the Economic Recovery and Growth Plan (ERGP) 2017-20 at that time to reinvigorate the economy by prioritising infrastructure investment, among...
Articles & Analysis | Emphasis on affordable housing in Nigeria’s real estate sector from The Report: Nigeria 2022
Nigeria’s real estate sector experienced a challenging 2020 in line with broader economic trends, characterised by a drop in demand, movement restrictions and global supply chain disruptions associated with the Covid-19 pandemic. The health crisis resulted in various negative effects across almost all real estate segments: commercial...
Articles & Analysis | Nigerian authorities look to mortgages to facilitate homeownership from The Report: Nigeria 2022
Even as the authorities work to create more opportunities for Nigerians to own affordable homes, mortgage penetration continues to be low. The ratio of outstanding mortgages to GDP was 0.5% in 2020 – up from 0.2% in 2019 – compared to 18.9% in Namibia, 16.2% in South Africa, 10.2% in Tunisia, 2.2% in Kenya and 1.6% in Ghana, according to the...