Africa’s construction market was valued at USD 5.4 billion in 2020 and is projected to register a CAGR of 7.4% during a six-year forecast period (2021 – 2026) according to Mordor Intelligence.
However, this growth is expected to remain impacted over a few years due to the economic downturn caused by the 2020 lockdown in response to the COVID-19 pandemic which negatively impacted the market across its ecosystem namely Building, Infrastructure and Industrial sectors.
The industry in Africa, a huge construction site with an array of investment opportunities in energy infrastructure and housing fuelled by rapid urbanization, population growth, cheap labour and a fast-growing consumer market is generally believed to bounce back. However, while investment in the African construction industry is expected to be largely driven by government spending in the infrastructure sector, this development still leaves industry stakeholders and investors with questions on how to best access the marketplace in the face of existing and emerging challenges plaguing the industry.
R-L: CEO: Arc Taye Olajide
CTO: Ahmad Abdulazeez
Front-End Engineer: Adeshi Emmanuel
Operations: Odu Udo
The KonstructApp approach
In the African construction landscape, poor project delivery is a common occurrence. With attendant high search effort in cost and time to find or be found for trusted construction services, quackery plagued industry and lack of accessible responsive data.
KonstructApp is solving these by helping individuals and businesses obtain quick and low-cost access to verified construction services across Africa, anytime, anywhere leveraging data. Thereby significantly ensuring value for money and enabling faster business growth, thus reducing the cost of procurement process.
How it Works
To get started, simply signup on KonstructApp, for free, update your profile, create work portfolios or bids and constantly update project status on the feed wall to get the best of visibility. You can also share to other social media platforms like Twitter, Facebook, Whatsapp, and LinkedIn.
With KonstructApp, express yourself with likes, comments, and chats to make direct connections. For app features, click the app logo on the top left side of your phone screen to see:
- Profile: Update and manage user’s professional profile, including experiences, certification and keep them constantly updated.
- Portfolio: Go paperless, create virtual portfolios showcasing details about your services delivery and technical competence.
- Reviews and Ratings: Leverage Social Proof, obtain comments from your clients on jobs delivered to boost your credibility.
Identity and Business Verifications.
KonstructApp’s partnership with Appruve.co allows users to get a Verified Badge displayed on their profile by verifying identities and businesses across Africa. Professional certifications can also be verified and listed on the user’s profile.
KonstructApp is currently in discussions with financial partners to unlock quick loan features for in-app user’s wallet to finance home/office repairs and LPOs.