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There were 24 results found for Kenya and Construction

There were 24 results found.
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…

Analysis

A growing population and urbanisation feeds Kenya's cement industry
OBG
plus

The story of cement in Kenya in the last five years largely tracks that of the construction industry in general. As the government has announced a raft of infrastructure projects and the construction sector has experienced double-digit growth, so has the consumption of cement shot up. However, unlike many markets that are experiencing a construction boom, in Kenya there has been little pressure on…

Interview

Ronald Ndegwa, Managing Director, Savannah Cement: Interview
OBG
plus

Interview: Ronald Ndegwa What do you consider Kenya’s competitive advantages in terms of cement production? RONALD NDEGWA: Geographically, Kenya sits in a strategic regional position. East Africa is a net importer of clinker - a key ingredient of cement - and for the volume of cement, you need 65% clinker. To import clinker, we can use the Port of Mombasa, which takes vessels up to 50,000 tonnes.…

Interview

Andrew Saisi, CEO, National Housing Corporation (NHC)
OBG
plus

Interview: Andrew Saisi What new measures could solve the housing gap? ANDREW SAISI: It is estimated that the gap between supply and demand for urban housing in Kenya is over 200,000. This shortage is mainly in the low-income section of our country. There are numerous interventions that could help us shore up this gap. One of the top priorities is encouraging more involvement by the corporate private…

Chapter

The Report: Kenya 2017: Construction & Real Estate
OBG
plus

Kenya’s construction industry 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. However, the market is not without its challenges, and the funding and financing environment at all stages of project execution is tough, creating…

Economic Snapshots

Kenya Economy Infographic 2016: Laying the Groundwork

Recent efforts to boost the country's hard and soft infrastructure are expected to encourage greater foreign investment and stronger economic growth. Banking: Support Growth - The country's vibrant banking system has shown positive results in recent years, and the sector plays a key role in supporting economic development. Utilities: Renewables Coming On-Line - Greater use of geothermal…

Country Report

The Report: Kenya 2016
OBG
plus

New system devolving power to county governments. Strengthening ties with Western and Asian partners. A key role in an effort to create stability in the region. Closer East African integration to enhance growth.

Economic News

Housing drive puts Kenya construction on growth path
OBG
plus

Major investments in housing and infrastructure have set Kenya’s construction industry, which accounts for 4% of GDP, on course for sizeable expansion in the near term. According to data issued by the Kenya National Bureau of Statistics (KNBS) in October, the construction sector, which recorded a quarterly increase of 18.9%, was the single biggest contributor to GDP growth during the second quarter.…

Chapter

The Report: Kenya 2014: Construction & Real Estate
OBG
plus

Following several years of sustained growth, the outlook for Kenya’s construction sector remains positive as the industry benefits from the elevated levels of public spending outlined in the Vision 2030 development strategy. Although a slowdown in capital inflows into infrastructure and real estate projects between 2009 and 2011 impacted real growth rates, the sector as a whole has delivered average…

Overview

Sector prospects broaden as economic devolution accelerates
OBG
plus

One of Africa’s best-performing markets for investors, in the past 14 years Kenya’s property prices have increased three-fold, including a 9.6% year-on-year leap from 2011 to 2012, according to HassConsult, a local property development and services firm. Investment returns are in excess of 28%, figures from the Kenya Property Developers Association show. The sector is dominated by Nairobi, which…

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