Kenyatta International Exhibition Center, Nairobi, Kenya
Overview of the East Africa Economy
The East African Community (EAC) countries’ economic growth performance during the past decade has been impressive at 6.2 per cent.
Studies by the IMF indicate that sectors like construction, transport and communications, wholesale trade, and public administration drive the growth of the East African countries and are constantly gaining more shares in the GDP.
Key cities such as Nairobi in Kenya, Dar es Salaam in Tanzania and Maputo in Mozambique are quickly emerging as hotspots for investment activities with transport corridors and trade routes being forged to connect these cities with the world.
Huge potential in terms of infrastructure development as they have begun major transport and logistics expansion programs with strong government support.
East Africa region is planning multi-billion dollar infrastructure and construction projects, financed by private and public investors. The Frost & Sullivan research (Growth Opportunities in East Africa’s Construction Industries) states that the construction industry in this region is expected to increase its value of US$3 billion in the next five years.