An expanding African portfolio
With a per capita cement consumption of just about 100kg and planned industrialisation and infrastructure development, sub-Saharan Africa is poised for important long-term growth. This high-growth potential has led HeidelbergCement to significantly invest in new capacity in the region, with a number of new completions under its wing. By HeidelbergCement, Germany.
Several drivers underscore the positive cement market development in sub-Saharan Africa. High GDP expansion, strong population growth, urbanisation, infrastructure needs, as well as democratisation and political stability will help increase cement demand. With a per capita consumption that is less than one-fifth of northern African countries, sub-Saharan Africa is set for further expansion. In 2014 demand growth reached six per cent in Guinea, Liberia and Sierra Leone despite the Ebola outbreaks.