Tanzania’s economy is rapidly growing, and this is particularly evident in the construction industry. Dar es Salaam, one of the world’s fastest-growing cities, is expanding not just outwards but also upwards. By 2100, it is projected to become the second-largest city globally, with over 70 million inhabitants. The Peninsula, a wealthier and traditionally residential area, serves as an interesting reference point for assessing the city’s growth and transformation; and the below infographic highlights our recent findings in tracking construction activity.

This growth presents compelling prospects for the construction material space. We are closely monitoring listed companies like Twiga Cement, with huge potential to benefit from the boom in building; and we are currently engaged in a private capital raise for a manufactured wood products company. As evidenced by the entry of multinational Sika Group a few years ago, we expect more foreign companies to seek opportunities in this high-growth market.

Whether you are a local construction material company seeking to raise capital or a multinational considering entry into Tanzania, our tailored management consulting and transaction advisory services can help you build better businesses and capitalize on the strong growth story.