BMI View: Angola's construction industry growth will trend substantially lower over the coming five years
compared to the previous period as low oil prices impact fiscal spending on infrastructure. Chinese capital
will become even more central to supporting infrastruc ..."
BMI View: Cameroon's government intends to keep expenditure on infrastructure elevated despite the
pressures it will place on the budget. While this is positive for the construction sector over 2016, we believe
it is unsustainable owing to lower government revenues fr ..."
BMI View: With the new reality of low oil prices reducing the capital available for the government to invest
in infrastructure development, we therefore forecast growth to slow after 2016, although we remain positive
over our 10-year horizon to 2024. Despite lower oil ..."
BMI View: Ghana's construction sector will enter a recession in 2015, before a slow recovery from 2016.
Mounting headwinds from high inflation, currency weakness, deteriorating fiscal position and the systemic
power crisis have converged to place significant downward ..."
BMI View: Strong government support for PPPs reinforces our positive outlook for Egypt's construction
industry in the short-to-medium term. Rising foreign investor interest in this market and a growing and
increasingly diversified project pipeline bode well for infras ..."
BMI View: The ongoing power shortages, labour issues and sluggish implementation of the National
Development Plan continue to pose downside risks to our forecasts for the construction industry's growth
over 2015, which currently see 3.4% real growth. Business sentimen ..."
BMI View: Ethiopia's construction and infrastructure industry has been growing at a rapid pace over the
last few years, owing to the government's focus on heavy capital investment in the infrastructure
sector. While we expect this trend to continue, BMI forecasts grow ..."
BMI View: Kenya's construction and infrastructure sector is forecast to grow at 9% y-o-y in 2015 and will
maintain strong growth over our 10-year forecast, only starting to moderate towards end of our outlook.
Economic headwinds from currency devaluation and rising in ..."
BMI View: The outlook for Nigeria's construction sector over 2015 and 2016 remains downbeat on the
back of the fall in global oil prices; and lower government revenue, devaluation of the naira and associated
inflationary pressures will restrict public and private inve ..."
BMI View: Sudan and South Sudan face a multitude of issues, with ongoing conflict having drastically
eroded what little investor confidence there was in the markets and as such we forecast volatile and poor
growth for both countries over our ten-year forecast period t ..."