NEW YORK, April 28, 2016 /PRNewswire/ -- Africa Mobility : Infrastructure Spend on the Rise
African infrastructure spend is climbing rapidly and is the driving force behind growth across the continent. The study looks at the major infrastructure projects in 10 of Africa's fastest growing countries. The scope includes rail, maritime, aviation, and road related investments. Mobility in Africa is at a nascent stage, with road and maritime infrastructure being more advanced than air and rail. With new investments and foreign trade increasing, African governments have invested heavily in upgrading transportation hubs and bettering safety standards, yet many of these projects fail due to differing priorities among countries. New technological advancements such as eHailing and app-based platforms such as Uber are slow to be implemented.
Key Takeaways
Mobility Market: Key Takeaways, Africa, 2015
Governments in Africa need to address concerns relating to corruption and delays. Many investment projects are never completed, and in many cases, do not commence due to corruption and maladministration.
African governments are gradually starting to work together to develop needed infrastructure, yet many of these projects fail due to differing priorities among countries.
Africa can expect to experience an increase in intra-connectivity as large infrastructure projects reach completion.
Urban light rail projects and supporting infrastructure are growing in popularity as means to reducing urban congestion. A number of African cities are constructing such networks.
Infrastructure investment will enable regional integration and enhance trade capabilities between partners.
Enhanced infrastructure has a direct impact on economic growth as well as passenger and commercial vehicle sales and use.
Due to the relatively low level of transport infrastructure development, new technological advancements such as eHailing and app-based platforms such as Uber are slow to be implemented. Uber is only operational in 3 major South African cities.
Read the full report: http://www.reportlinker.com/p03803134-summary/view-report.html
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