Industry Dynamics

At present, the construction industry in Kenya is booming. According to the Kenya National Bureau of Statistics, the real estate and construction industries have remained the main driver of Kenya's economic growth for the past five years.

According to the report, Kenyan firms invested in installing about 15MW of onsite solar power. This year, different firms said they planned to install an additional 26MW, with manufacturers being among the players actively taking up solar.

As African consumers and demand have grown steadily over the past few years, Africa has become an attractive market for global export-oriented trading companies and manufacturers.

Nigeria has signed a memorandum of understanding with Chinese firm Shandong Ruyi International Fashion Industry for an investment of $2 billion in Katsina, Kano, Abia and Lagos states.

Zimbabwe government is set to meet senior officials from ZESA Holdings and independent power producers (IPPs) as it seeks to deepen local electricity generation with new focus on renewable energy, particularly solar and wind.

The used car market in the African market in the future has tremendous growth potential. Demand for used cars has soared in many African countries due to rising levels of emerging middle class and disposable income in Africa.

The African continent is currently one of the fastest growing markets in the global tire industry.

Zambia’s sunshine is a major commodity that could help the country as it pursues more avenues of energy generation says Herr Gerd Muller, the Minister of Economic Development of Germany also known by its acronym BMZ.

Zimbabwe is expected to continue relying on electricity imports for the next eight years due to lack of investment in the sector, a leading international think-tank has said.