Activity in Kenya’s real estate sector that has been a key driver of growth in the past five years cooled off in the first half of this year as inflation picked pace and the local currency came under severe pressure from local and external shocks.
Cement consumption, an indicator of activity in the sector, declined by 6.5 per cent to 256,326 metric tonnes in the month of June compared to 274,073 tonnes the previous year, according to the latest data from the Kenya National Bureau of Statistics (KNBS).
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Humphrey Kariuki Ndegwa