News Snapshot:
Fitch Solutions / Infrastructure & Project Finance / Africa / Thu 01 Apr, 2021 Key View Chinese state-owned construction companies dominate Sub-Saharan Africa's (SSA) freight infrastructure construction industry. China Rail Construction Corporation (CRCC) and subsidiaries comfortably outperform competitors in the region's rail sector while China Communications Construction Company (CCCC) and subsidiaries dominate the ports construction sector. Chinese contractors will continue to increase their competitiveness vis-a-vis other foreign construction firms independently of their access to Chinese state-subsidised capital. This, and their dominant position in SSA's freight infrastructure construction sector, will support Chinese firms throughout a gradual shift towards more financially sustainable...