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When a business decides to fund an idea for establishing or expanding an industrial project, such as manufacturing units, construction, or other infrastructures, Project Finance is the most commonly applied solution.
Work is currently underway on some of Africa’s largest construction projects as countries across the continent strive to develop infrastructure to support their rapidly growing economies.
Many countries in Africa have been experiencing an economic boom in recent years. Many sectors have contributed to this economic rise. But their success seems to be very evident in two specific sectors: construction and mining.
Africa saw an impressive jump in economic growth back in 2018. This steady growth does not seem to have been badly affected by the economic challenges that last year’s COVID-19 crisis has posed.