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Kenya Construction Sector Research Highlights

Kenya Construction Sector Research Highlights
Overview

Amid urban population growth, planners strive to create efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…

Analysis

Kenyan real estate to benefit from increased low-cost housing and healthy credit growth
OBG
plus

Bridging Kenya’s affordable housing deficit was one commitment made by President Uhuru Kenyatta when he announced his Big Four agenda in 2017. Specifically, a goal was laid out to add up to 500,000 affordable housing units to the nation’s stocks during this second term in office, which ends in mid-2022. The policy could prove to be a key driver of change, according to Palkesh Shah, director…

Overview

Kenya's construction sector to make a comeback after a period of slower economic activity
OBG
plus

The domestic real estate environment in 2017 was shaped by slower economic growth as compared to 2016, stagnating prices and shifts in the retail scene. The Kenyan property market experienced strong performances in 2014-16, with high occupancy seen in the office segment, in particular. However, both commercial and residential real estate activity declined in 2017, with marginal performance…

Overview

Kenya makes progress on the construction of cross-country transport works
OBG
plus

Kenya’s construction sector experienced slower growth in 2017 than in previous years, owing in part to uncertainty surrounding the contested August general elections, which translated to no major government-led infrastructure projects being announced in the second half of the year. However, while the construction sector grew by less than the 9.8% recorded in 2016, healthy expansion of 8.6%…

Country Report

The Report: Kenya 2018
OBG
plus

As the largest economy in the EAC and COMESA in terms of GDP, Kenya has positioned itself as a major economic power in sub-Saharan Africa. Traditionally a largely agrarian economy, Kenya has quickly entrenched its position as a manufacturing, logistics and technology hub in the region, and this diversification forms a solid platform from which the government can generate economic growth over the c

Interview

Mucai Kunyiha, Chairman, Kenya Property Developers Association: Interview
OBG
plus

Interview:Mucai Kunyiha How can government and construction companies come together to implement the Big Four agenda? MUCAI KUNYIHA: There are various opportunities for the private sector to work with the government to achieve the agenda’s housing goals. On one side, the public sector is in charge of the development of the counties’ spatial and urban master plans, as well as different incentives…

Chapter

The Report: Kenya 2018: Construction & Real Estate
OBG
plus

Kenya’s construction and real estate sectors experienced slower growth in 2017 than in previous years, owing in part to uncertainty surrounding the contested August general elections, which translated in part, to no major government-led infrastructure projects being announced in the second half of the year. However, while the construction sector grew by less than the 9.8% recorded in 2016, healthy…

Event

Big 5 Construct East Africa

Kenya’s National Construction Week is back! Now in its second edition, the official exhibition takes place from November 7 to 9, 2018, from10:00 am to 6:00 pm on both days, at Kenyatta International Convention Centre, Nairobi. The dedicated building and construction event will gather the entire industry portfolio, from building materials and construction products to solutions for the sector,…

Overview

Infrastructure projects and private financing drive the construction sector in Kenya
OBG
plus

Kenya’s stand-out economic performance in a global environment of low growth is due, in part at least, to a vibrant construction industry. The sector has been accelerating at a rapid pace and making a substantial contribution to the country’s strong GDP growth figures, on the back of major public works projects and rising demand for mixed-use and residential developments. For domestic and international…

Overview

Stand-out performer: Despite short-term challenges, an expanding middle class and rapid economic growth provide strong fundamentals for growth
OBG
plus

As one of the major markets of sub-Saharan Africa, Kenya is of increasing interest as a real estate investment destination. The 44.2m-person country and its 4.2m-strong capital Nairobi, act as a gateway to a regional East African market approaching some 150m people. Domestically, the economy has been outperforming much of the world, the population is expanding and incomes are on the rise. Given these…

View More

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