ARM,BMBC | Trapped in the madding crowd
East Africa has benefitted from high GDP growth and relative political stability compared to the rest of the continent over the last ten years. The growth has benefited construction resulting in cement consumption increasing at over 8% CAGR since 2013 for Uganda, Ethiopia, Rwanda and Tanzania. However, the growth has attracted new entrants to the region, increasing supply to over 15% CAGR for the same period reducing prices and margins. We also expect a slowdown in government-led infrastructure projects given the need to reduce public debt in the region.
Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.
Our research quality is consistently recognised in local and global surveys, with 18 analysts currently rated in their respective sectors (FM 2017). Value add through in-depth, innovative, high quality and consistent research with comprehensive underlying fundamental modelling supported by regular analyst and roadshow interactions.
Avior has proven that by working closely with our clients we can mutually develop dominant positions in certain sectors, going from strength to strength. Avior has a dedicated ESG team, having been ranked #1 in Corporate Governance research since 2008.
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