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The East African : July 28th 2014
The EastAfrican JULY 26-AUGUST 1, 2014 SPECIAL ADVERTISING SECTION Cementing East African integration Building and Construction Industry in EA 1 Workers construct the KisumuNairobi road, one of the many projects geared towards opening up western parts of the country for investments. Picture: File With the growing demand for affordable housing, opportunities exist in the construction industry E ast Af≥ica is expe≥iencing ≥apid inf≥ast≥uctu≥e development, with special economic zones, indust≥ial pa≥ks, comme≥cial and ≥esidential buildings and tou≥ism ≥eso≥ts sp≥outing eve≥y day. It is estimated that the value of the ≥egion’s const≥uction indust≥y will have doubled by 2015. In view of these develop- ments, the demand fo≥ const≥uction mate≥ials and machine≥y has been on a steady ≥ise. The const≥uction indust≥y in East Af≥ica is expected to expand ove≥ the next six yea≥s as investment inc≥eases. As gove≥nments and p≥ivate develope≥s inc≥ease investments in inf≥ast≥uctu≥e, housing and civil wo≥ks, the huge potential in inf≥ast≥uctu≥e p≥ojects – including ≥ail, ≥oads and po≥ts – p≥esents a significant oppo≥tunity fo≥ business. Acco≥ding to analysts, de- spite the slowdown in the wo≥ld economy, the East Af≥ican const≥uction indust≥y has ≥emained buoyant as ≥eflected in the inc≥eased investment in both comme≥cial and ≥esidential buildings ove≥ the past few yea≥s. Investment oppo≥tunities in this secto≥ ≥ange f≥om u≥ban ≥enewal and const≥uction of middle and low-income housing to income housing to the manufactu≥ing and supply of building mate≥ials and components. Inf≥ast≥uctu≥e is one the most c≥itical enable≥s of ≥egional integ≥ation, taking into account its impo≥tance in facilitating t≥ade, ag≥icultu≥e, tou≥ism and the movement of labou≥ and othe≥ ≥esou≥ces. The EAC Development St≥ategy unde≥sco≥es the impo≥tance of inf≥ast≥uctu≥e, noting the catalytic ≥ole it plays in the functioning of economies. East Af≥ican count≥ies have a well-developed building and const≥uction indust≥y, with quality enginee≥ing, building and a≥chitectu≥al se≥vices being ≥eadily available. This indust≥y is cu≥≥ently on an upwa≥d t≥end, as count≥ies ≥ehabilitate and ≥econst≥uct ≥oads and b≥idges. With inc≥ease in popula- tion and g≥owing demand fo≥ a≠o≥dable housing, oppo≥tunities exist in the const≥uction of ≥esidential, comme≥cial and indust≥ial buildings, including p≥efab≥icated low-cost housing. Investo≥s a≥e also manufac- tu≥ing and supplying const≥uction mate≥ials and components to the secto≥. Although the const≥uction indust≥y has been built a≥ound b≥icks and mo≥ta≥, technology is changing almost eve≥y TURN TO PAGE 2 UPWARD TREND EAST AFRICAN COUNTRIES HAVE A WELLDEVELOPED BUILDING AND CONSTRUCTION INDUSTRY, WITH QUALITY ENGINEERING, BUILDING AND ARCHITECTURAL SERVICES BEING READILY AVAILABLE. THIS INDUSTRY IS CURRENTLY ON AN UPWARD TREND, AS COUNTRIES REHABILITATE AND RECONSTRUCT ROADS AND BRIDGES Workers load steel into a ship at the Kisumu Railways Port on Lake Victoria to be transported to Tanzania.
July 21st 2014
Aug 4th 2014