Kenya sees 2% MoM drop in demand

Consumption of cement in Kenya fell 2.2 per cent from 466,909t in August to 456,473t in September 2018, according to a recent report by Kenya National Statistics Bureau. Output followed a similar trend, decreasing by 2.8 per cent from 473,861t to 460,546t over the same period.

In the first quarter of FY2018-19, ended 30 September 2018, demand fell 3.7 per cent YoY to 1.3Mt, down from 1.4Mt in July-September 2017.

The trend indicates a slowdown in the construction industry, which is believed to remain challenged by the current oversupply in the market, which has made developers reluctant to start new-builds.