FACIM: German companies eyeing Mozambican extractive industry
Angola and Mozambique were the second and third countries in Southern Africa in 2018 with the highest number of construction projects worth US$50 million or more, according to consulting firm Deloitte.
The 2018 edition of Africa Construction Trends reported that Angola accounted for 14.6% of total projects and Mozambique for 13.6%, in a regional list that is led by South Africa with 35.9%.
The southern African region, which includes South Africa, Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, eSuatini (formerly Swaziland), Zambia and Zimbabwe, recorded 103 projects in 2018 with a combined value of US$125.4 billion.
The region accounted for 21.4% of all projects worth US$50 million or more in Africa and 26.6% in value.
The transport sector was the leading player in terms of the number of projects (32%) in this region, followed by the real estate sector (25%), although the energy sector was the leader in terms of value (US$42.4 billion).
Governments remained responsible for the promotion of most projects (70%) and their funding (30%).
The study showed that China emerged as one of the major funders, ranking second (21%), followed by domestic private companies (18%).
However, in terms of the number of projects, national private companies (40.8%) led, overtaking China (30.1%).
The report said that Chinese construction companies in the southern region are concentrated in Mozambique, with seven projects, and in Angola with six projects, as well as Zimbabwe with five projects.Source: Macauhub
Mozambique: Presidents of Portugal, Mozambique call for renewed investment
Mozambique: Palaeontologists discover dinosaurs for the first time