Into West Africa: Why Mammoet Set Up Shop in Ghana

Over 2017 and 2018 Mammoet MEA set up and developed Mammoet West Africa as a new sub-region to capitalize on the growth potential of this important upcoming market for Mammoet. Mammoet West Africa opened an office in Accra, Ghana at the tail end of last year. The group focuses on the larger projects in the region where we can truly add value with our knowledge, expertise and specialized equipment. 

Key Mammoet clients requested Mammoet West Africa to offer services in this area, where you need local presence and knowledge to perform in the expected (Mammoet) way of working. Being able to offer such client our services, increases the value Mammoet can offer to its clients worldwide.

We foresee big growth in this emerging market. According to the International Monetary Fund, sub-Saharan Africa growth is expected to pick up from 2.9 percent in 2018 to 3.5 percent in 2019, and 3.6 percent in 2020. Ghana’s GDP is projected to reach 8.8 percent in 2019.

Further, it is becoming more evident that Africa’s population growth will increase heavily and continuously, posing massive challenges to power provision, infrastructure, petroleum products demand, etc. While every other continent is seeing a slower rise in births, or even a decline, UNICEF projects that the total African population will nearly quadruple to about 4.2 billion by the end of the century. Today, one out of six people on Earth live in Africa.

Because of this, almost all markets Mammoet is working in, require significant investment. The private sector is increasingly active in this field, recognizing the potential for growth. Investment is also coming more and more from foreign governments, NGO’s, IMF, development banks, and others. These institutions are taking a renewed interest in West Africa.

Not only are investments on the rise, but investors are offering interesting financing options, which means that projects can reach FID relatively quickly and not always in the most logical (from a business perspective) location. 

By Olivier Dirkzwager
Commercial Manager West Africa
Mammoet
 

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RELATED SESSION

Join us at Breakbulk Europe for “Emerging Markets: Africa” on Wednesday, 22 May from 12:00 – 12:40 on the Breakbulk Main Stage in Hall 4.

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