According to research by Centum Real Estate, Kenya ranks 4th in attracting global contractors in Africa, after South Africa, Ethiopia, and Nigeria.
Over 65 foreign contractors have currently set camp in the country, with around 15 different nationalities being involved, as per the research.
However, Kenya’s industrial growth has been quite slow, and Ethiopia’s, unlike Rwanda, is currently experiencing a boom.
The construction industry growth in Kenya slowed last year to its lowest rate in six years, largely weakened by a loss of momentum in public infrastructure projects, official figures show.
The Economic Survey 2020 reveals that the construction sector expanded by 6.4 percent in 2019, down from 6.9 percent in 2018 – the lowest rate since 2013’s 5.8 percent expansion.
There are scalability constraints in Rwanda’s construction markets, even though it forecasts Y-o-Y growth above 10 percent for Rwanda between 2020-2029.
The construction curve has not improved for Kenya and Ethiopia during this period, with the Kenyan case being highly attributed to financial constraints and base effects.
In the data, various Chinese companies have made key steps in becoming Africa’s top choice for the construction industry, claiming top spots in various countries.
Here is a list of the top Chinese contractors in Africa:
- Sinohydro Corporation
- China Civil Engineering Construction Corporation (CCECC)
- China Henan International Cooperation Group Company Limited
- China Communications Construction Company(CCCC)
- China Harbour Engineering Company (CHEC)
- China Road and Bridge Corporation
- SOGEA-SATOM
- Mota-Engil China
- Geo-Engineering Corporation (CGC)
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