Africa is comprising 54 Countries making it the largest continent in the World in terms of maximum Number of countries.
It is most underdeveloped among other continents. Several Multilateral Funding Agencies and NGO’s are funding to uplift their Socio-Economic conditions. This Huge Funding Budgets are utilised by their Government to procure for Goods, Services, Works & Consultancies.
The estimated GDP of Africa is around 3.14 Trillion US dollars, and their Government procurement budget is estimated to be around 17% of their GDP amounting to approx. 534 Billion US dollars.
On an average around 370207 Tenders were invited in a year (after Covid period).
Most of the countries in Africa are the members of following Organisations. International Monetary Fund (IMF), United Nations Conference on Trade and Development (UNCTAD), World Bank (WB), World Trade Organization (WTO), Islamic Development Bank (IsDB), CAF - Development Bank of Latin America (CAF), Other:, African Development Bank (AfDB), International Fund for Agricultural Development (IFAD).
(Source: Data source are from World Bank United Nations, OECD. Analysis and Approximation done by BidDetail.com Research Team, for authentication of data, please check Original sources)