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EW Correspondent
Africa shows potential to grow its freight elevator market.
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Solid economic foundation lays the groundwork for growth in construction and, in turn, the VT industry.
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Despite challenges, the future looks bright for Ghana’s VT market. Ghana, a former British colony known as Gold Coast until its independence as a nation in 1957, is one of the emerging markets in Africa characterized by long spells of political stability and an improvement in the ease of doing business, according to World Bank…
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South Africa’s Wesant Manufacturing prioritizes training to lay groundwork for growth. As international and local vertical- transportation (VT) companies seek to improve the country’s technical and functional expertise, South Africa could soon have an increased number of trained technicians with relevant design, production, installation, service and maintenance skills. A number of lift and elevator companies…
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Kenya’s ECL positions itself for growth by focusing on maintenance and repair. As competition for new-installation contracts intensifies in the African vertical-transportation (VT) market as a result of booming construction, local VT companies are shifting their specialization to niche maintenance-and- repair work, leaving the manufacture, supply and installation of new units to the international OEMs.…
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Sub-Saharan Africa’s biggest mall aims to stand out in a growing market. The growth of shopping malls in Kenya’s capital, Nairobi, is gaining momentum, with the city now hosting the biggest retail complex in Sub-Saharan Africa since the Two Rivers Mall (TRM) was commissioned in early 2017. This increased opportunities for vertical- transportation (VT) companies,…
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Vision stays busy in South Africa’s booming commercial market. South Africa’s retail property market segment has continued to outperform others, creating huge business opportunities for vertical-transportation (VT) companies, some of which are riding the ongoing mall construction boom to retain or expand their share of the market. The South African Property Owners Association says the…
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In the quickly growing African market, training is critical for safety. Despite the fact that fatal accidents involving vertical-transportation systems are rare here, Africa’s current commercial and residential real estate explosion calls for a re-evaluation of training for elevator installation and maintenance professionals, those in the industry said. Demand for commercial and residential space in…
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Unexpected power outages in Africa have opened a new market for power-backup solution providers while making recent innovations by elevator makers, such as solar-powered units, more desirable. In an effort to keep elevators running even when electricity is interrupted, commercial and industrial building owners and managers are increasing project costs to include an alternative power…
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The increased construction of modern rail systems and upgrading of existing networks in Africa, due to the growing population and freight volumes, is creating opportunities for vertical-transportation companies. It is estimated that US$48 billion worth of projects are either underway or planned in Africa, with Morocco, Ghana and Nigeria singled as the highest investors in…
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