Africa's Cement Industry Rises Amid Booming Construction Demand

NEW DELHI--May 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Africa is witnessing a surge in demand for cement due to the burgeoning construction sector in the region. The population of Africa is expected to witness a twofold increase by 2050, and more than 70% of the buildings that will exist by 2040 have yet to be constructed, consequently, fueling substantial investments in Africa's cement industry. Industrial Info is tracking more than 200 active cement-related projects in Africa, with investments nearing US$14 billion.