Buildings

COVID-19 drives international smart cities market boom

CityzenithThe number of urban Digital Twins to exceed 500 by 2025, and that implementation will expand beyond limited pilots to widespread multi-purpose deployments, according to ABI Research

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Africa’s construction sector to grow at a CAGR of 6.4% by 2024

Africa construction marketThe Africa construction market is expected to register a CAGR of 6.4% from 2019-2024, according to Reportlinker’s "Africa Construction Market - Growth, Trends, and Forecast (2020 - 2025)" report

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Kenyan construction sector shows a positive outlook

kenya construction market 2020The Kenyan construction sector of the economy recorded an 8.5% growth in 2017 and notwithstanding the negative impacts of the COVID-19 pandemic is forecast to remain a growth out-performer in sub-Saharan Africa up to 2024, according to ResearchAndMarkets

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Positive medium to long-term outlook for South Africa’s construction sector

SA constructionThe construction industry in South Africa is expected to record a CAGR of 13.2% to reach ZAR US$17.75bn by 2024, according to ResearchAndMarkets

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Vantage Capital provides US$4.89mn funding for Alleyroads

venture capital atr storyVantage Capital, Africa’s one of the leading mezzanine fund managers, has provided US$4.89mn of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo

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