TBP in Kenya and Uganda
Kenya, TBP will be there !
Tunisia Building Partners will be present in the Itinerant Economic Mission to Kenya & Uganda organized by CEPEX.
Date: 2nd December 2021
Location: Business Forum & B2B Meetings, Movenpick Hotel, Westlands
Book an appointment
TBP TEAM
Bassem Ben Mahmoud
Title: Executive Director
Email: bassem.ben.mahmoud@tunisia-building-partners.com
Mobile: +216 98760860
KENYA PRESENTATION
Kenya, country in East Africa famed for its scenic landscapes and vast wildlife preserves. Its Indian Ocean coast provided historically important ports by which goods from Arabian and Asian traders have entered the continent for many centuries.
Along that coast, which holds some of the finest beaches in Africa, are predominantly Muslim Swahili cities such as Mombasa, a historic centre that has contributed much to the musical and culinary heritage of the country. Inland are populous highlands famed for both their tea plantations, an economic staple during the British colonial era, and their variety of animal species, including lions, elephants, cheetahs, rhinoceroses, and hippopotamuses. Kenya’s western provinces, marked by lakes and rivers, are forested, while a small portion of the north is desert and semidesert. The country’s diverse wildlife and panoramic geography draw large numbers of European and North American visitors, and tourism is an important contributor to Kenya’s economy.
The capital of Kenya is Nairobi, a sprawling city that, like many other African metropolises, is a study in contrasts, with modern skyscrapers looking out over vast shantytowns in the distance, many harbouring refugees fleeing civil wars in neighbouring countries. Older neighbourhoods, some of them prosperous, tend to be ethnically mixed and well served by utilities and other amenities, while the tents and hastily assembled shacks that ring the city tend to be organized tribally and even locally, inasmuch as in some instances whole rural villages have removed themselves to the more promising city.
Kenya, TBP will be there !
Construction and building sector in Kenya
Key government agencies within the Ministry include the Kenya National Highways Authority, Kenya Roads Board, Kenya Rural Roads Authority, Kenya Urban Roads Authority, Kenya Ports Authority, Kenya Railways Corporation, Kenya Airports Authority, Kenya Civil Aviation Authority, National Transport Safety Agency, and the National Construction Authority.
According to Business Monitor International (BMI), the Kenyan construction industry is expected to grow by 4.5% in 2021, a decline from 6.3% in 2020 and an indication of a slowdown in the short term. The sector is however expected to shake off the effects of the COVID 19 pandemic to record growth in the medium term. This growth will be driven by large infrastructure projects in roads, ports, and airports in 2022 and beyond. The elections in 2022 will, however, be something to watch. Due to budget constraints, the GOK hopes to realize more infrastructure projects as PPPs.
Tighter monetary policy by the Central Bank of Kenya has continued to provide the impetus for growth in the construction industry. However, the high cost of building materials and bank credit is still constraining demand for new developments. The economic impact of COVID-19 is also being felt in the residential/commercial real estate sector as demand dips due to reduced incomes.
In 2018, the GOK announced an ambitious development agenda dubbed ‘the Big Four’ that aims at addressing issues related to affordable housing, universal healthcare, growing manufacturing and food security. On affordable housing, the GOK’s goal is to build 500,000 homes over the next five years that will begin to address the housing deficit in the country. The GOK is looking to partner with private sector to achieve this goal.
