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Cement usage rises 27pc in five months


Commodities

Cement utilization rises 27pc in 5 months


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Savannah cement manufacturing facility in Athi River. FILE PHOTO | NMG

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Abstract

  • Knowledge from Kenya Nationwide Bureau of Statistics (KNBS) present consumption of cement stood at 3.35 million metric tonnes within the January to Could interval in comparison with 2.64 million metric tonnes within the corresponding interval final yr.
  • Manufacturing from the cement producers additionally elevated within the interval, by 27.3 p.c to three.38 metric tonnes from 2.65 million metric tonnes final yr.
  • The bounce in consumption has been partly attributed to pubic infrastructure initiatives particularly within the roads and dams segments.

Cement consumption in Kenya elevated by 26.6 p.c within the first 5 months of the yr, pushed by ongoing infrastructure initiatives such because the Nairobi Expressway and rising exercise in the true property sector.

Knowledge from Kenya Nationwide Bureau of Statistics (KNBS) present consumption of cement stood at 3.35 million metric tonnes within the January to Could interval in comparison with 2.64 million metric tonnes within the corresponding interval final yr.

Manufacturing from the cement producers additionally elevated within the interval, by 27.3 p.c to three.38 metric tonnes from 2.65 million metric tonnes final yr.

The bounce in consumption has been partly attributed to pubic infrastructure initiatives particularly within the roads and dams segments.

Their impact on cconsumption is much like what was seen when the usual gauge railway was being constructed.

“Cement manufacturing has been sturdy, aligned with consumption of the product. This has been supported partially by the sturdy authorities infrastructure spending,” stated Central Financial institution of Kenya (CBK) governor Patrick Njoroge throughout a briefing on the July 26 financial coverage committee (MPC) assembly.

Ongoing initiatives equivalent to 27.1km Nairobi Expressway, the improve of James Gichuru – Rironi freeway, the dualling of the Kenol-Marua street, the Nairobi Western Bypass and the reasonably priced housing initiatives are anticipated to maintain consumption within the coming yr.

Different areas of the nation are additionally seeing street constructing and building programmes, equivalent to Mombasa’s Dongo Kundu bypass, the Eldoret bypass and the Lamu Port.

The non-public sector constructing and building phase can also be recovering, having been among the many worst hit by restrictions which were intermittently imposed previously one-and-a-half years as a result of Coid-19 pandemic.

CBK information exhibits that credit score calls for from the true property sector are going up, signalling a revival of exercise.

The mortgage guide to the constructing and building sector expanded to Sh121.7 billion in Could from Sh116.4 billion in similar interval final yr, though the sector remains to be contributing considerably to the excessive inventory of non-performing loans.

Based on Architectural Affiliation of Kenya, enchancment within the sector is pegged on financial restoration, with Kenya projected to file development of as much as six p.c this yr.



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