Kenya's cement consumption is expected to increase on the back of planned investment in infrastructure and housing and domestic cement capacity is able to meet these requirements. The country’s existing producers are expressing their confidence in the future by expanding their production facilities, positioning themselves to fight off competition by new entrants and imports.
Kenya’s economic growth remains robust as the IMF forecasts a six per cent expansion in 2016 following 5.6 per cent growth in 2015. However, the 2016 estimates are a downward revision on previous expectations due to delays in infrastructure spending, weaker tourism and volatile external capital markets. Rising inflation also raises further cause for concern, warns Kenya’s National Bureau of Statistics (KNBS).
