Kenya: Cement sales fell by 8% year-on-year to 8.47Mt in 2024, the sharpest annual decline in over two decades, according to the Kenya National Bureau of Statistics (KNBS). The fall reflects budgetary cuts on public infrastructure projects and a broader slowdown in construction activity, which contracted by 3% in the third quarter of 2024, following a 2% drop in the second quarter.
KNBS said in its report “The contraction was reflected by trends in key industry indicators. For instance, cement consumption declined by 10% to 2.2Mt in the third quarter of 2024, from 2.4Mt in the same quarter of 2023.”
According to the Nation newspaper, the slowdown follows delays in the government’s payments to contractors and the stalling of infrastructure projects. The government indicated that most of the stalled projects will begin to receive funding in the next few days and weeks.
