Nigeria’s construction market expanding at a CAGR (Compound Annual Growth Rate) of 3.07% Nigeria’s construction industry is experiencing rapid growth, driven by rising demand, urbanization, and economic development. Split between infrastructure and building, this sector is a critical focus for local and international companies seeking to tap into Nigeria’s flourishing market. As experts on the…
Solar energy is becoming increasingly important across Africa as the continent seeks to harness its abundant natural resources to meet growing energy demands. Many of our clients frequently seek insights into Africa’s solar industry. In a recent project, we leveraged data and insights from the ABiQ platform, which monitors over $7 trillion worth of projects…
Kenya‘s plastic bottling industry is growing significantly. Consumption volumes are also increasing, driven by rising urbanization and a growing middle class. One of our clients, a key player in the plastics industry, tasked us with providing an overview of the plastic bottling landscape in Kenya. The firm, a large plastics converter, had questions about the…
Africa’s sports market offers opportunities for international companies. Our recent multi-country analysis and prioritisation project for a leading global FMCG company in the sports sector revealed crucial insights about the most popular sports across the continent. Findings showed that football is the number one sport in all African countries. It is the most preferred sport…
One of the challenges businesses face when doing business in Africa is the stability and availability of forex. Local companies need to manage their treasury effectively to minimize forex losses and have enough forex to import essential products and services. Forex availability in Africa is influenced by various factors, including central bank USD reserves and…
The next months are crucial for construction in Africa! The sector is set to experience significant momentum in the upcoming quarters, with Q2 and Q3 of 2024 emerging as key periods for awarded projects. At the recent Big 5 event in Dubai, africon & ABiQ unveiled insights indicating that over 35 projects valued above USD…
Africa’s commercial real estate sector remains robust, offering promising investment opportunities for local and international companies. The sector growth is primarily driven by rapid urbanisation, increasing foreign investment, and expanding economies across the continent. We mapped the sector for one of our clients, a large building materials manufacturer. Africa’s commercial real estate sector, defined by…
In a recent project, our client in the HVAC (Heating, Ventilation and Air Conditioning) sector had the following questions: • Which are the top countries for F&B manufacturing in Africa? • How many manufacturers are there, and how big or small are they? We conducted a multi-country market analysis and found that Egypt, Nigeria, Morocco,…
The pharmaceutical manufacturing landscape in Africa is still nascent but presents opportunities for foreign companies. For one of our clients, we conducted a thorough examination of the sector, focusing on critical aspects such as local production, market dynamics, and industry players. Pharmaceutical production remains largely import-dependent in Africa. Only four countries on the continent host…
Africa’s manufacturing sector is experiencing significant growth, fuelled by rising demand and economic development. Businesses keen on tapping into this boom at the opportune moment seek valuable insights to navigate the expanding landscape. This information has been vital for many clients as they plan for their 2024 Africa strategy. Our recent research into Africa’s manufacturing…
